2019•Advances in finance, accounting, and economics book seriesRequires access

The Relationship Between Old Institutional Economics (OIE) and Feminist Economics

İlkben Akansel

Abstract

Economics and philosophy has a deep connection. It sometimes intertwined with each other whether economics needs philosophy or not. Philosophy of economics is a neccessity in order to understand the circumstances behind the economics events. Comprehension of such a neccessity can be complicated on certain occasions because of neoclassical economics thought. Neoclassical economics is also described as mainstream economics. This has long been a debate that critisizes mainstream economics. All followers critisizing mainstream economics are characterized as heterodox economics. Two of the fundemantal heterodox economics concepts are institutional economics and feminist economics. This study will therefore scrutinize mainstream economics in terms of the idea of old institutional economics and feminist economics.

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Key concepts: Mainstream economics, Heterodox economics, Human development theory, Schools of economic thought, Philosophy and economics, Applied economics, Complexity economics, New institutional economics