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Books > History > History of specific subjects > Economic history
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Complexity and the History of Economic Thought (Paperback)
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Complexity and the History of Economic Thought (Paperback)
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A new approach to science has recently developed. It is called the
complexity approach. A number of researchers, such as Brian Arthur
and Buz Brock, have used this approach to consider issues in
economics. This volume considers the complexity approach to
economics from a history of thought and methodological
perspectives. It finds that the ideas underlying complexity have
been around for a long time, and that this new work in complexity
has many precursors in the history of economic thought.
This book consists of twelve studies on the issue of complexity and
the history of economic thought. The studies relate complexity to
the ideas of specific economists such as Adam Smith, Karl Marx,
Alfred Marshall and Ragnar Frisch, as well as to specific schools
of thought such as the Austrian and Institutionalist schools.
The result of looking a the history of economic thought from a
complexity perspective not only gives us additional insight into
the complexity vision, it also gives insight into the history of
economic thought. When that history is viewed from a complexity
perspective, the rankings of past economists change. Smith and
Hayek move up in the rankings while Ricardo moves down.
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