Economics and Evolution: Bringing Life Back Into EconomicsUniversity of Michigan Press, 1993 - 381 sivua Economic theory is currently at a crossroads, where many leading mainstream economists are calling for a more realistic and practical orientation for economic science. Indeed, many are suggesting that economics should be reconstructed on evolutionary lines. This book is about the application to economics of evolutionary ideas from biology. It is not about selfish genes or determination of our behavior by genetic code. The idea that evolution supports a laissez-faire policy is rebutted. The conception of evolution as progress toward greater perfection, along with the competitive individualism sometimes inferred from the notion of the "survival of the fittest," is found to be problematic. Hodgson explores the ambiguities inherent in biology and the problems involved in applying ideas of past economic thinkers--including Malthus, Smith, Marx, Marshall, Veblen, Schumpeter, and Hayek--and argues that the new evolutionary economics can learn much from the many differing conceptions of economic evolution. "This is a work of enormous perceptivity and subtlety as well as judiciousness of interpretation and critique . . . [that] establish[es] Hodgson as the leading institutional theorist, and as one of the leading evolutionary theorists, of his generation." --Warren J. Samuels "A daring and successful attempt to expunge the monopoly of reductionist and mechanistic thinking over evolutionary theory . . . a must for anyone who is interested not only in the foundations of economics, but also in the foundations of social theory." --Elias L. Khalil, Ohio State University Geoffrey M. Hodgson is University Lecturer in Economics, Judge Institute for Management Studies, University of Cambridge. |
Sisältö
Evolution in Economics? From Mandeville | 53 |
Karl Marx and Frederick | 73 |
The Mecca of Alfred Marshall | 99 |
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Economics and Evolution: Bringing Life Back Into Economics Geoffrey Martin Hodgson Rajoitettu esikatselu - 1996 |
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action Alfred Marshall analysis argued argument atomistic Austrian School biologists biology Cambridge causal chaos theory chapter competition complex concept context contrast cultural Darwin Darwinian discussion econ economic evolution economic theory economists efficient emergence environment equilibrium evolutionary process evolutionary theory explanation firms Friedrich Hayek Furthermore genes genetic Gould group selection habits Hayek hierarchy human idea indeterminacy influence Institutional Economics institutionalists institutions interactions involved Journal of Economic Keynes Lamarckian macroeconomic Malthus Marshall Marx Mayr mechanisms mechanistic Menger metaphor methodological individualism Mirowski modern natural selection neoclassical neoclassical economics noted notion omic optimal organism outcome Peirce phenomena Philosophy phylogenetic Political Economy population possible principle problem rational reductionism reductionist rules Schumpeter Schumpeter's simply Smith social science Sociobiology socioeconomic species Spencer spontaneous order structure suggests survival technological teleology theoretical theorists Thorstein Veblen thought tion units of selection University Press variation variety Veblen Walras
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