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Books > History > History of specific subjects > Economic history
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Evolutionary Foundations of Economic Science - How Can Scientists Study Evolving Economic Doctrines from the Last Centuries? (Hardcover, 2014)
Loot Price: R3,614
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Evolutionary Foundations of Economic Science - How Can Scientists Study Evolving Economic Doctrines from the Last Centuries? (Hardcover, 2014)
Series: Evolutionary Economics and Social Complexity Science, 1
Expected to ship within 12 - 17 working days
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This book aims to discern and distinguish the essential features of
basic economic theories and compare them with new theories that
have arisen in recent years. The book focuses on seminal economic
ideas and theories developed mainly in the 1930s to 1950s because
their emergence eventually led to new branches of economics. The
book describes an alternative analytical framework spreading
through the interdisciplinary fields of socioeconophysics and
sociodynamics. The focus is on a set of branching or critical
points that separate what has gone before from what has followed.
W. Brian Arthur used the term "redomaining" when he referred to
technological innovation. In the present volume the author aims to
re domain economic theories suited for a new social order. Major
technological innovations accompany not only changes in the economy
and the market but changes in their meaning as well. In particular,
the evolution of trading technology has changed the meaning of the
"invisible hand." At the end of the last century, the advent of
socioeconophysics became a decisive factor in the emergence of a
new economic science. This emergence has coincided with changes in
the implications of the economy and the market, which consequently
require a redomaining of economic science. In this new enterprise,
the joint efforts of many scientists outside traditional economics
have brought brilliant achievements such as power law distribution
and network analysis, among others. However, the more diverse the
backgrounds of economic scientists, the less integrated the common
views among them may be, resulting in a sometimes perplexing
potpourri of economic terminology. This book helps to mitigate
those differences, shedding light on current alternative economic
theories and how they have evolved.
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