CURRENT BASKET VALUE
£0.00
ABOUT THIS BOOK
Economics and Evolution: Bringing Life Back into Economics: Bringing Life Back into Economics
£46.95

ECONOMICS AND EVOLUTION: BRINGING LIFE BACK INTO ECONOMICS: BRINGING LIFE BACK INTO ECONOMICS

PAPERBACK BY HODGSON, GEOFFREY M.

£46.95

ISBN
9780472084234
IMPRINT
THE UNIVERSITY OF MICHIGAN PRESS
 
 
EDITION
PUBLISHER
THE UNIVERSITY OF MICHIGAN PRESS
STOCK FOR DELIVERY
NOT IN STOCK - AVAILABLE TO ORDER
FORMAT
PAPERBACK
PAGES
400 pages
PUBLICATION DATE
07 NOV 1996

DESCRIPTION

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 UniversityGeoffrey M. Hodgson is University Lecturer in Economics, Judge Institute for Management Studies, University of Cambridge.