Evolution and Institutions

Download or read book Evolution and Institutions written by Geoffrey Martin Hodgson and published by Edward Elgar Publishing. This book was released on 1999 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers the future of economics as a viable discipline. Along with evolutionary economics, examines the development of economic theory during the 20th century, highlighting the origins and consequences of the field's narrowing and its increasing irrelevance, and suggesting that it will be inadequate to cope with the complex ideas on the horizon. Analyzes some of the attempts to redirect theoretical economics to real world issues, then proposes a move away from mathematical formalization, greater tolerance for different approaches, and learning from biology and other sciences. Annotation copyrighted by Book News, Inc., Portland, OR