Rethinking Economics is a major contribution to the reconstruction of an economic theory appropriate to the 21st century.
Just as major changes are occurring in the world economy, economics itself is on the brink of change. Orthodox economics is now widely criticized for its sterility and its limited applicability to real-world economic problems. Standard theoretical tools such as general equilibrium theory are now regarded, even by their leading practitioners, as highly limited and problematic.
New ideas from chaos theory, evolutionary modelling and institutional theory point to new, non-reductionist approaches in which there are units of analysis other than the atomistic individual. This work addresses core economic concepts, such as individual choice, prices, markets, production, industries, technology, innovation and economic growth in the light of these developments.
This unique, up-to-date volume makes a seminal contribution at the frontiers of economic theory.
| ISBN: | 9781852784164 |
| Publication date: | 1st January 1991 |
| Author: | Geoffrey Martin Hodgson, Ernesto Screpanti |
| Publisher: | Edward Elgar Publishing |
| Format: | Hardback |
| Pagination: | 206 pages |
| Genres: |
Economic theory and philosophy |
Rethinking Economics is a major contribution to the reconstruction of an economic theory appropriate to the 21st century.Just as major changes are occurring in the world economy, economics itself is on the brink of change. Orthodox economics is now widely criticized for its sterility and its limited applicability to real-world economic problems.
Rethinking Economics features in the following genres: Economic theory and philosophy
Hardback. Not Available.
Rethinking Economics was written by Geoffrey Martin Hodgson, Ernesto Screpanti and published by Edward Elgar Publishing
Rethinking Economics has 206 pages