Politics as a Peculiar Business: Richard Wagner Revives a Tradition of Entangled Poltical Economy
In Politics as a Peculiar Business , Richard Wagner explains that the world of the political and the world of the economic are by no means separate. Political and economic theory are complementary components of social theory. A theory that promotes detailed analysis must include both. It must be a theory of “entangled political economy”. The widespread adoption of neoclassical economics and econometric methods, with deterministic orientation and removal of the political from economics proper, shifted theory away from plausible (open-ended)…
Read more»