INTERNATIONAL COMPARATIVE STUDIES THROUGH THE LENS OF THE RHETORICAL APPROACH TO ECONOMICS

Author

, associate professor, professor, Kharkiv, Svobody Sq. 4,
ORCID ID: 0000-0001-9241-9842
, associate professor, Kharkiv, Frunze, 21
ORCID ID: 0000-0003-2578-1109

In heading

Economic theory;

Signed print

23.11.2018

Issues number

2018 - № 4 (35)

Page

11-31

Type of articles

Scientific article

Code UDK

330.101.8:808]:316.77

ISSN print

2411-5584

Abstract

Problem setting. At the turn of the XXI century, economic science had to deal with new challenges and address new issues. The problem of developing practical recommendations for all actors in the economic system (from individual entrepreneurs to governments) came to the fore. It turned out that the neoclassical mainstream economics based on the modernist (positivist) economic methodology was unable to solve that problem. An alternative economic methodology adequate to the new tasks of economic science was needed.
Recent research and publications analysis. The rhetoric of economics is one of the modern directions in economic methodology, whose philosophical bases are related to the most radical post-modernist schools. The founders of the rhetorical economics are D. McCloskey, A. Klamer, T. Leonard. In the path-breaking works of these authors, economics was defined as rhetoric whose primary tasks are to persuade the target audience and to prove the correctness of certain theoretical views rather than to establish the truth.
Paper objective. The main objectives of the paper are to provide a comprehensive description and explanation of the rhetorical approach to economics, to justify the relevance and benefits of this approach for the development of economic science in general and for the analysis of results of international comparative studies in particular.
Paper main body. In the paper, the major deficiencies and limitations of the modernist (positivist) methodology of neoclassical (mainstream) economics are exposed.
Based on that, it is justified that contemporary economic science needs more adequate methodological framework as a basis for its further development. Economic rhetoric, one of the modern directions in economic methodology, is defined as a promising methodological perspective meeting the new challenges in economic science.
The application of the rhetorical approach to the analysis of results of cross-country comparative studies is discussed and the relevance of using this methodological approach for that purpose is shown.
Conclusions of the research. Economic rhetoric can be regarded as the most adequate and fruitful methodological approach among the modern directions of economic methodology.
The use of the rhetorical approach allows scholars:
– to justify the choice of the directions for strengthening the international competitiveness of a country under the conditions of globalization;
– to decide on the forms and instruments of international marketing and soft power best suited to the chosen directions.
Short Abstract for an article
Abstract. The paper discusses and clarifies the essence of the rhetorical approach to economics (economic rhetoric). The current trends in comparative studies of socio-economic development in different countries are described and some of those trends are analyzed using the rhetorical methodology. It is concluded that the economic rhetoric represents the most adequate and fruitful methodological framework for conducting cross-country comparative studies and interpreting their results.

Keywords

economic methodology, method of economic science, economic rhetoric, economics as rhetoric, cross-country comparative.

Reviewer

External reviewer

Article in PDF

№ 4 11-31

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21.11.2018