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Item Details
| Title:
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EVOLUTION AND INSTITUTIONS
ON EVOLUTIONARY ECONOMICS AND THE EVOLUTION OF ECONOMICS |
| By: |
Geoffrey M. Hodgson |
| Format: |
Hardback |
| List price:
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£126.00 |
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| ISBN 10: |
1858988136 |
| ISBN 13: |
9781858988139 |
| Publisher: |
EDWARD ELGAR PUBLISHING LTD |
| Pub. date: |
24 February, 1999 |
| Pages: |
360 |
| Description: |
This work looks at the future of economics as a viable discipline. It examines evolutionary economics and the development of economic theory during the 20th century, reflecting also on the origins and consequences of the narrowing and increasing irrelevance of current mainstream economics. |
| Synopsis: |
Geoff Hodgson's innovative and important new book is about the future of economics as a viable discipline. It examines not only evolutionary economics but the development of economic theory during the twentieth century. The book reflects on the origins and consequences of the narrowing and increasing irrelevance of mainstream economics, suggesting that it will be inadequate to cope with the complex ideas of the new millennium.Geoff Hodgson analyses some of the attempts to redirect theoretical economics to real world issues. He proposes a move away from mathematical formalization, greater tolerance given to different approaches and the possibility of learning from other sciences especially biology. He suggests that the toleration of a plurality of theoretical approaches in economics - including institutional and evolutionary approaches - based on a common orientation towards real world economies is the best overall strategy for future theoretical advance.A unique and important contribution to our understanding, it will be welcomed by academics and researchers working in all fields of economics, especially evolutionary economics as well as by other social scientists. |
| Publication: |
UK |
| Imprint: |
Edward Elgar Publishing Ltd |
| Returns: |
Returnable |
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