The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Korea, Economics in

  • Young Back Choi
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2247

Abstract

The study of economics in Korea is a modern development, starting around the turn of the 20th century, influenced by the West, at first through Japan and since the end of the Second World War mainly through the United States. Over time, it has become a clone of economics in the USA, with an overriding concern for mathematization and econometrics. Even so, the Korean term for economics, kyung-je-hak, which derives from a classical Chinese expression for good governance, reveals the prevailing conflation of science and governing techniques.

Keywords

Classical economics German Historical School Japan, economics in Korea, economics in Korean Economic Association Marginal economics Marxist economics Neoclassical synthesis Protectionism United States, economics in (after 1945) 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Young Back Choi
    • 1
  1. 1.