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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: The Scottish Political Economy Tradition and Modern Economics
Author(s): Dow, Alexander
Dow, Sheila
Hutton, Alan
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Issue Date: Sep-1997
Citation: Dow A, Dow S & Hutton A (1997) The Scottish Political Economy Tradition and Modern Economics, Scottish Journal of Political Economy, 44 (4), pp. 368-383.
Abstract: The purpose of this article is to re-examine the notion of a Scottish tradition in political economy in the light of recent developments in the methodology of economics. Consideration is given to the concept of tradition itself, which puts the focus on approach to theorising and the relationship between theory and reality rather than theoretical content. It is argued that the Scottish approach provided the foundations for much of modern political economy. Further, modern discussion of constructivism and critical realism can both be seen to have precedents in the Scottish tradition. Indeed the Scottish political economy tradition provides an exemplar of a constructive blending of the two strands.
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Rights: This is the peer reviewed version of the following article: Dow, A., Dow, S. and Hutton, A. (1997), The Scottish Political Economy Tradition and Modern Economics. Scottish Journal of Political Economy, 44: 368–383, which has been published in final form at This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.

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