Blasts from the Preclassical Past: Why Contemporary Economics Education Should Listen to Preclassical Thought

• Authors: Michaud Thomas A.
• Languages of publication: EN

Abstracts

EN

Contemporary economics is dominated by logical positivism, a methodology that emphasizes empirical validation of theories but excludes normative evaluation. Preclassical economics was premised on normative analysis. With the growing socialist movement in the USA, especially among the millennials, who are fixated on moral issues of justice and equality, positive economics is alienated from addressing the normative challenges of socialism. There are, however, basic normative principles from Preclassical thought which can be used to contest socialist moral claims, particularly in economics education.

Keywords

EN

economics; millennials; economics education; business ethics; private property; just price; Michael Novak; preclassical economics; business corporation; entrepreneurship; wealth creation

• Publisher: International Étienne Gilson Society
• Journal: Studia Gilsoniana
• Year: 2019
• Volume: 8
• Issue: 4
• Pages: 839-855

Dates

published

2019-12-30

Contributors

author

Michaud Thomas A.

• School of Professional Studies, West Liberty University, W.V., USA

References

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Identifiers

ISSN

2300-0066

ISSN

2577-0314

DOI

10.26385/SG.080434