ACCT 210 Lecture Notes - Lecture 10: Economic Nationalism, Mercantilism, Overfishing
20 Jun 2020
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The question arises as to why there are so many theories and what the relationship is between various theories. There are several reasons for the existence of multiple theories. According to cox (1986, p. 207): theory is always for someone and for some purpose. ". Each theory has a different goal in mind. For example, economic nationalist theories are concerned with the security of the state, liberal theories with building wealth or cooperation and critical theories with pursuing economic, gender or environmental equity. While they are all trying to understand the world, they are looking at different aspects of human existence. A second and related reason is that a particular theory usually advances the causes or interests of a particular group. Richer, more satisfied people and states tend to favour liberal theories that do not threaten their interests, while those disadvantaged by the system are more likely to espouse critical theories.
