Economics and Evolution: Bringing Life Back into Economics - Hardcover

Hodgson, Geoffrey

Hardcover

ISBN 10: 0745608388 ISBN 13: 9780745608389

Publisher: Polity Press, 1993

Synopsis

∗ The first ever history of evolutionary thinking in economics. ∗ Includes controversial interpretations and new criticisms of Marx, Menger, Marshall, Schumpeter, Hayek and Veblen. ∗ Companion volume to his highly successful Economics and Institutions . ∗ The first ever history of evolutionary thinking in economics.

About this title

Synopsis

Economic theory is currently at a crossroads. While in some quarters, the preoccupation with a narrow, and largely empty, formalism reaches unprecedented heights, many leading mainstream economists are calling for a more realistic and practical orientation for economic science. Indeed, there are now many voices suggesting that economics should be reconstructed on evolutionary lines, and a new "evolutionary economics" has emerged from the 1980s. This book is about the application to economics of evolutionary ideas learnt from biology. It contains an examiniation of evolutionary ideas in past economic thinkers, including Mandeville, Malthus, Smith, Marx, Menger, Marshall, Veblen, Schumpeter and Hayek. Hodgson argues that the new evolutionary economics can learn much from the differing conceptions of economic evolution which have been developed in the past. "Economics and Evolution" is a companion volume to "Economics and Institutions", by the same author.

Edition details

• Publisher: Polity Press
• Publication date: 1993
• Language: English
• ISBN 10: 0745608388
• ISBN 13: 9780745608389
• Binding: Hardcover
• Number of pages: 400