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Evolutionary Economic Thought

European Contributions and Concepts Edited by Jürgen G. Backhaus, Krupp Chair in Public Finance and Fiscal Sociology, Erfurt University, Germany
Evolutionary Economic Thought explores the theoretical roots of the evolutionary approach, and in so doing, demonstrates how it fits squarely into the theoretical mainstream.

Focusing on the institutions of evolutionary change and the processes – such as competition – that generate change, this book takes account of important European contributions to the discipline, hitherto overshadowed by the American paradigm. As such, the book serves to broaden the current discourse. Whilst evolutionary economics itself is a well-researched and widely documented field, this book will be credited with establishing a history of evolutionary economic thought.
Extent: 232 pp
Hardback Price: $129.00 Web: $116.10
Publication Date: 2003
ISBN: 978 1 84064 678 8
Availability: In Stock
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  • eISBN: 978 1 78195 288 7

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  • Economics and Finance
  • Economic History
  • Evolutionary Economics
  • History of Economic Thought
Evolutionary Economic Thought explores the theoretical roots of the evolutionary approach, and in so doing, demonstrates how it fits squarely into the theoretical mainstream.

Focusing on the institutions of evolutionary change and the processes – such as competition – that generate change, this book takes account of important European contributions to the discipline, hitherto overshadowed by the American paradigm. As such, the book serves to broaden the current discourse. Whilst evolutionary economics itself is a well-researched and widely documented field, this book will be credited with establishing a history of evolutionary economic thought.

The contributors attempt to answer an important set of questions on how economies develop, using the theories of social economists such as Hobson, Marx, Menger, Schmoller, Sombart and Wagner. Historical, empirical, and theoretical perspectives on evolutionary economic change are also drawn upon.

This highly original book will appeal to those with an interest in evolutionary economics, economic development and the history of economic thought.
‘This unusual collection brings together well-researched assessments of social economists, mainly Continental, like Schmoller, Wagner, Sombart, Menger, Hobson, Marx. It demonstrates clearly how much in European economic thought deals directly with economic systems, institutional processes, and the restlessness of development over time.’
– David Reisman, University of Surrey, UK and Nanyang Technological University, Singapore

‘This important and stimulating volume, put together by a leading historian of economic doctrine, offers historical, empirical, and theoretical perspectives on evolutionary economic change. It takes stock of a long standing tradition in European economic thought – a tradition that deserves a broad revival in these times in which economic evolution is often too narrowly associated with Darwinian concepts.’
– Ulrich Witt, Max Planck Institute for Research into Economic Systems, Germany
Contributors: R. Aréna, J.G. Backhaus, U.M. Backhaus, S. Duindam, S. Hultén, H. Maks, D. Meyer, S. Ngo Mai, H. Peukert, E.S. Reinert, B. Verstegen
Contents: 1. Evolutionary Economic Thought: European Contributions and Concepts 2. Growth or Development: The Concept of the Historically Writing Economist 3. Some Evolutionary Features in John Hobson’s Economic Analysis 4. Karl Marx – An Evolutionary Social Scientist? 5. W. Sombart’s System Approach and Evolutionary Economics: A Comparison 6. Reconstructing the Early History of Path-Dependence Theory 7. Adolph Wagner’s Contributions to Public Health Economics 8. The Evolution of the Economic Principle and Motive Towards a Creative Homo Agens 9. Gustav Schmoller: An Evolutionary Economist 10. Austrian Economics and ‘The Other Canon’: The Austrians between the Activist-Idealistic and the Passivistic-Materialistic Traditions of Economics Index