VEBLEN: PIONEER OF OPEN ECONOMIC REALITY

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dc.authorid0000-0002-3183-1179
dc.contributor.authorSoylu, Fatma Esra
dc.date.accessioned2026-01-24T12:29:18Z
dc.date.available2026-01-24T12:29:18Z
dc.date.issued2022
dc.departmentAlanya Alaaddin Keykubat Üniversitesi
dc.description.abstractIn this study, it is argued that the main failure of mainstream economics is its inability to establish a social ontology and Thorstein Veblen, the founder of the Institutional Economics school, has an important role in establishing this social ontology. Considering the social and economic reality as a closed system, which mainstream economics presupposes in the analysis, is the main reason behind its failure to produce solutions to real world problems. The necessity of an open system ontology is a common issue for heterodox schools of economics that opposes the mainstream. It will be argued that Veblen's analysis has the ideas that form the basis of this concept. First, the basic elements of the open system approach will be discussed. Then, it will be argued that the elements of the evolutionist approach, the relationship between structure-agent, the rejection of positivism and the cumulative causality in Veblen's analysis are consistent with the open system approach.
dc.identifier.doi10.17818/EMIP/2022/2.12
dc.identifier.endpage621
dc.identifier.issn1330-1039
dc.identifier.issn1848-963X
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85188470426
dc.identifier.scopusqualityQ3
dc.identifier.startpage603
dc.identifier.urihttps://doi.org/10.17818/EMIP/2022/2.12
dc.identifier.urihttps://hdl.handle.net/20.500.12868/5259
dc.identifier.volume31
dc.identifier.wosWOS:000926175600012
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherUniv Dubrovnik
dc.relation.ispartofEkonomska Misao I Praksa-Economic Thought and Practice
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20260121
dc.subjectThorstein Veblen
dc.subjectOpen system
dc.subjectInstitutional Economics
dc.subjectOntology
dc.subjectMethodology
dc.titleVEBLEN: PIONEER OF OPEN ECONOMIC REALITY
dc.title.alternativeVEBLEN: PIONIR STVARNOSTI OTVORENE EKONOMIJE
dc.typeReview Article

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