The Changing Notions of Political Economy in Greece Till the Beginning of the 21St Century

Authors : Stavros D MAVROUDEAS

Pages : 125-140

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Publication Date : 2020-10-01

Article Type : Research Paper

Abstract :This paper surveys the changing notions ascribed to the term ‘Political Economy’ in Greece from the beginning of the Greek economics till the beginning of the 21st century. It relates them to the evolution of economic thought in Greece and the turbulent course of Greek capitalism. It argues that during the birth period of economic studies in Greece the term ‘Political Economy’ was identified with economic theory in general. covered the Classical Political Economy but with noteworthy influences from the German Historical School. From the end of the 2nd World War and afterwards, the identification of Political Economy with general economic theory was kept but the latter tended to be almost purely neoclassical. After 1974 the term was redefined and took its proper meaning, namely that of the scientific traditions that focus on the social nature of economic relations.
Keywords : Political Economy, Greece, Economic Thought

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