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1

THE CLASH OF THE TITANS: ALTERNATIVE VISIONS UNDERLYING THE GENERAL THEORY

100%
Ozel H.
Ekonomický časopis (Journal of Economics)
|
2007
|
vol. 55
|
issue 5
459-475
EN
It is argued that the analytical framework of Keynes' 'General Theory' rests on two different and contradictory 'prescientific visions' in the Schumpeterian sense. The dominant vision can be identified with its unwillingness to acknowledge the possibility that the market system can undergo periods of prolonged instability or even collapse due to its own functioning. The second, more latent, vision acknowledges the destabilizing consequences of the 'coordination problem' in a long run framework. The clash between these visions prevents the book from tracing the long run effects of the coordination problem, due to instabilities introduced by money and investment. This clash causes the book to be confined within a comparative static analysis instead of a dynamic one.
2

The Theory of Action: Talcott Parsons and After

75%
Balon J.
Teorie vědy (Theory of Science)
|
2009
|
vol. 31
|
issue 2
41-70
EN
This article focuses on the problems and contradictions of sociological theories of action. It investigates critically the development of the theory of action after the Parsonian synthesis, drawing attention to the limitations of articulating the concept of action systematically within a presuppositional framework of analytical theory. Having exposed Parsons general theory of action and some interpretations and criticisms, the paper addresses the so-called 'return of grand theory', spearheaded in the early 1980s by authors such as Alexander, Habermas, Giddens and Luhmann. The article analyses the conceptual innovations introduced by their theories according to Parsons own definition of theoretical work, which - as he said - consists in reconstruction and transformation of categories in the moments of their failure. While it is argued that sociological theory cannot do away with general concepts, it is also argued that these need not have the form of a synthetic theory of action of the kind outlined by Parsons and the Post-Parsonians.
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