Revolution And Evolution In Economic Theory
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Revolution And Evolution In Economic Theory
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Author : Jürg Niehans
language : en
Publisher:
Release Date : 1992
Revolution And Evolution In Economic Theory written by Jürg Niehans and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Economics categories.
The Evolution Of Economies
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Author : Patrick Spread
language : en
Publisher: Routledge
Release Date : 2015-12-22
The Evolution Of Economies written by Patrick Spread and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-22 with Business & Economics categories.
It is clear even to casual observation that economies evolve from year to year and over centuries. Yet mainstream economic theory assumes that economies always move towards equilibrium. One consequence of this is that mainstream theory is unable to deal with economic history. The Evolution of Economies provides a clear account of how economies evolve under a process of support-bargaining and money-bargaining. Both support-bargaining and money-bargaining are situation-related - people determine their interests and actions by reference to their present circumstances. This gives the bargaining system a natural evolutionary dynamic. Societies evolve from situation to situation. Historical change follows this evolutionary course. A central chapter of the book applies the new theory in a re-evaluation of the industrial revolution in Britain, showing how specialist money-bargaining agencies, in the form of companies, evolved profitable formats and displaced landowners as the leading sources of employment and economic necessities. Companies took advantage of the evolution of technology to establish effective formats. The book also seeks to establish how it came about that a ‘mainstream’ theory was developed that is so wildly at odds with the observable features of economic history and economic exchange. Theory-making is described as a process of ‘intellectual support-bargaining’ in which theory is shaped to the interests of its makers. The work of major classical and neoclassical economists is contested as incompatible with the idea of an evolving money-bargaining system. The book reviews attempts to derive an evolutionary economic theory from Darwin’s theory of evolution by natural selection. Neoclassical economic theory has had enormous influence on the governance of societies, principally through its theoretical endorsement of the benefits of ‘free markets’. An evolutionary account of economic processes should change the basis of debate. The theory presented here will be of interest immediately to all economists, whether evolutionary, heterodox or neoclassical. It will facilitate the work of economic historians, who complain that current theory gives no guidance for their historical investigations. Beyond the confines of professional theory-making, many will find it a revelatory response to questions that have hitherto gone unanswered.
The Evolution Of Economic Ideas
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Author : Phyllis Deane
language : en
Publisher: Cambridge University Press
Release Date : 1978-10-05
The Evolution Of Economic Ideas written by Phyllis Deane and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978-10-05 with Business & Economics categories.
An introduction to the history of economics for undergraduate students. Puts some of the current theoretical controversies into long-term perspective by tracing their historical antecedents and parallels.
Evolutionary Economics
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Author : Hardy Hanappi
language : en
Publisher:
Release Date : 1994
Evolutionary Economics written by Hardy Hanappi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
The concept of evolution has assumed many different connotations. This work uses Morris's distinction between syntax, semantics and pragmatics to develop a synchronic panorama of contemporary evolutionism - evolutionary economics.
From Political Economy To Economics
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Author : Dimitris Milonakis
language : en
Publisher: Routledge
Release Date : 2009-01-13
From Political Economy To Economics written by Dimitris Milonakis and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-13 with Business & Economics categories.
Economics has become a monolithic science, variously described as formalistic and autistic with neoclassical orthodoxy reigning supreme. So argue Dimitris Milonakis and Ben Fine in this new major work of critical recollection. The authors show how economics was once rich, diverse, multidimensional and pluralistic, and unravel the processes that lead to orthodoxy’s current predicament. The book details how political economy became economics through the desocialisation and the dehistoricisation of the dismal science, accompanied by the separation of economics from the other social sciences, especially economic history and sociology. It is argued that recent attempts from within economics to address the social and the historical have failed to acknowledge long standing debates amongst economists, historians and other social scientists. This has resulted in an impoverished historical and social content within mainstream economics. The book ranges over the shifting role of the historical and the social in economic theory, the shifting boundaries between the economic and the non-economic, all within a methodological context. Schools of thought and individuals, that have been neglected or marginalised, are treated in full, including classical political economy and Marx, the German and British historical schools, American institutionalism, Weber and Schumpeter and their programme of Socialökonomik, and the Austrian school. At the same time, developments within the mainstream tradition from marginalism through Marshall and Keynes to general equilibrium theory are also scrutinised, and the clashes between the various camps from the famous Methodenstreit to the fierce debates of the 1930s and beyond brought to the fore. The prime rationale underpinning this account drawn from the past is to put the case for political economy back on the agenda. This is done by treating economics as a social science once again, rather than as a positive science, as has been the inclination since the time of Jevons and Walras. It involves transcending the boundaries of the social sciences, but in a particular way that is in exactly the opposite direction now being taken by "economics imperialism". Drawing on the rich traditions of the past, the reintroduction and full incorporation of the social and the historical into the main corpus of political economy will be possible in the future.
Economists And The Economy
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Author : Roger Backhouse
language : en
Publisher: Transaction Publishers
Release Date :
Economists And The Economy written by Roger Backhouse and has been published by Transaction Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
Economists and the Economy seeks to explain how economic theories are formed in response to specific incidents affecting economic events. The work covers both major historical events, such as the English Civil War, the Industrial Revolution, and the Great Depression, and intellectual developments in economic thought. Among the theories examined are neoclassical growth theory and the Harrod-Domar model.
The Revolution That Bit Its Own Tail
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Author : Jan W. Drukker
language : en
Publisher: Amsterdam University Press
Release Date : 2006
The Revolution That Bit Its Own Tail written by Jan W. Drukker and has been published by Amsterdam University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
The 1960s witnessed a revolutionary change in economic history, to such an extent that in less than ten years time, the discipline was hardly recognizable thereafter. The essentially literary-descriptive method that had characterized economic history since its very beginnings in the second half of the 19th century, gave way to rigorous quantitative testing of mathematically formulated hypotheses, and as a result a host of formerly generally accepted ideas suddenly and quite unexpectedly lost their credibility in academic circles. Although the revisions that were the result of this so called cliometric revolution had a major impact on our ideas on economic development, this methodological revolution remained almost unnoticed outside the realms of academic economic history, the reason for this being the nature of the revolution itself. Suddenly, economic historical articles in professional journals became more or less unintelligible for the interested layman, as they were cast in a language that was directly derived from highly specialized fields of study, such as neoclassical economic theory and econometrics. The revolution that bit its own tail explains in terms understandable for non-specialist readers what was essential in the cliometric revolution and in what ways it changed our ideas on economic development. The book addresses itself in the first place to students in history and economics, but is also an indispensable guide for everyone who is engaged in what is one of today's most pressing problems: The increasing inequality in wealth between rich and poor countries, or, stated in more formal terms: the explanation of economic growth, stagnation and decline.
Economists And The Economy
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Author : William J. Barber
language : en
Publisher: Routledge
Release Date : 2017-09-29
Economists And The Economy written by William J. Barber and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-29 with Business & Economics categories.
Economists and the Economy seeks to explain how economic theories are formed in response to specific incidents affecting economic events. The work covers both major historical events, such as the English Civil War, the Industrial Revolution, and the Great Depression, and intellectual developments in economic thought. Among the theories examined are neoclassical growth theory and the Harrod-Domar model.
Game Theory And Economic Analysis
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Author : Christian Schmidt
language : en
Publisher: Routledge
Release Date : 2002-06-20
Game Theory And Economic Analysis written by Christian Schmidt and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-20 with Business & Economics categories.
This book presents the huge variety of current contributions of game theory to economics. The reader is taken through a concise history of game theory and exposed to original pieces of work that are significant to game theory as a whole.
Game Theory And Economic Analysis
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Author : Christian Schmidt
language : en
Publisher: Routledge
Release Date : 2002-06-20
Game Theory And Economic Analysis written by Christian Schmidt and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-20 with Business & Economics categories.
This book presents the huge variety of current contributions of game theory to economics. The impressive contributions fall broadly into two categories. Some lay out in a jargon free manner a particular branch of the theory, the evolution of one of its concepts, or a problem, that runs through its development. Others are original pieces of work tha