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Paradigms in Political Economy (Paperback)
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Paradigms in Political Economy (Paperback)
Series: Routledge Frontiers of Political Economy
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Social theory can usefully be conceived in terms of four key
paradigms: functionalist, interpretive, radical humanist, and
radical structuralist. The four paradigms are founded upon
different assumptions about the nature of social science and the
nature of society. Each generates theories, concepts, and
analytical tools which are different from those of other paradigms
and together they provide a more balanced understanding of the
phenomenon under consideration. This book demonstrates that an
understanding of these different paradigms and how they can be
applied leads to a better understanding of the multi-faceted nature
of political economy. Any explanation of a given phenomenon is
based on a worldview. The premise of this book is that any
worldview can be associated with one of the four key paradigms.
Each chapter of the book takes an important phenomenon (i.e., the
state, justice, freedom, democracy, liberal democracy, media, and
the great recession) and discusses it from the four different
viewpoints. It emphasizes that the four views expressed are equally
scientific and informative. They look at the phenomenon from their
certain paradigmatic perspective and together provide a more
balanced understanding of the phenomenon under consideration. The
diversity of economics research possibilities referred to in this
book is vast. While each paradigm advocates a research strategy
that is logically coherent, in terms of underlying assumptions,
these vary from paradigm to paradigm. The phenomenon to be
researched can be conceptualized and studied in many different
ways, each generating distinctive kinds of insight and
understanding. This book is for those who study political economy
as well as economic theory and philosophy.
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