Concept
Economic ideology
Overview
An economic ideology is a set of views forming the basis of an ideology on how the economy should run. It differentiates itself from economic theory in being normative rather than just explanatory in its approach, whereas the aim of economic theories is to create accurate explanatory models to describe how an economy currently functions. However, the two are closely interrelated, as underlying economic ideology influences the methodology and theory employed in analysis. The diverse ideology and methodology of the 74 Nobel laureates in economics speaks to such interrelation.
A good way of discerning whether an ideology can be classified an economic ideology is to ask if it inherently takes a specific and detailed economic standpoint. Furthermore, economic ideology is distinct from an economic system that it supports, such as capitalism, to the extent that explaining an economic system (positive economics) is distinct from advocating it (normative economics). The theory of economic ideology explains its occurrence, evolution, and relation to an economy.
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
Found by search and not yet checked by a person; they may only mention the idea in passing.
In bourgeois society living labor is but a means to increase accumulated labor. In Communist society accumulated labor is but a means to widen, to enrich, to promote the existence of the laborer. In bourgeois society, therefore, the past dominates the present; in Communist society, the present dominates the past. In bourgeois society capital is independent and has individuality, while the living person is dependent…
Karl Marx, Manifesto of the Communist Party
States what Economic ideology is; the author is tied to Economic ideology in the knowledge graph.
These our philosophic ideas have had an incubation period of about twenty years since they were first given to the world in Marx's "Misere de la Philosophie" and the Communist Manifesto until they obtained a wider and wider influence through the publication of "Capital" and now find recognition and support far beyond the limits of Europe in all lands where a proletariat exists together with progressive scientific…
Friedrich Engels, Landmarks of Scientific Socialism
States what Economic ideology is; the author is tied to Economic ideology in the knowledge graph.
At first sight the wealth of society under the capitalist system presents itself as an immense accumulation of commodities, its unit being a single commodity. But every commodity has a twofold aspect, that of _use value_ and _exchange value_.[2] A commodity is first of all, in the language of English economists, “any thing necessary, useful or pleasant in life,” an object of human wants, a means of existence in the…
Karl Marx, A Contribution to the Critique of Political Economy
The author is tied to Economic ideology in the knowledge graph.
Philosophers who discussed Economic ideology
Related ideas
- Fiqh
- Free market
- Anarchism
- Profit (economics)
- Goods and services
- Industrial Revolution
- Karl Marx
- Labor theory of value
- Anarchist communism
- Capital (economics)
- Competition
- Muhammad
- Wealth
- Great Depression
- Interventionism (politics)
- Marxism–Leninism
- Price
- Nazi Germany
- Authoritarianism
- Property
- Socialism
- State (polity)
- Social class
- State capitalism
Opposing perspectives
Place in the tradition
Part of Communism.