The Ontology of Power and Its Interpretation in the Economics

Journal Title: Бізнес Інформ - Year 2016, Vol 4, Issue

Abstract

The article is concerned with considering the ontological foundations of the modern economic theory, which determine both directly the subject area of research and the methodological approaches to its studying. Differentiation of scientific ontologies, i.e. perceptions of reality, leads to differences in explaining the large circle of issues, in particular, differences in the interpretation of the concept of power in the economic science. Studying and generalizing principles of the neoclassical mainstream together with the methodologically related directions provides characterization of the substant scientific ontology as «empirical realism». An alternative can be the ontology of «critical realism», according to which power acts as a system characteristic of economic relations, identifying the underlying trends and directions of system evolution. It has been displayed that certain provisions of the Marxism research program, such as class structure, market, social competition are consistent with the critical realism ontology and can serve as a prospect for studying the essential problems of economic development and transformation of society. In particular, they can be applied while studying the role of capital as a factor of power in the national and global competition.

Authors and Affiliations

Iurii Miriasov

Keywords

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  • EP ID EP164540
  • DOI -
  • Views 103
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How To Cite

Iurii Miriasov (2016). The Ontology of Power and Its Interpretation in the Economics. Бізнес Інформ, 4(), 8-13. https://europub.co.uk/articles/-A-164540