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Towards a New Economics

Hardback

Towards a New Economics

Critical Essays on Ecology, Distribution and Other Themes

9781852785680 Edward Elgar Publishing
The late Kenneth E. Boulding, formerly Distinguished Professor of Economics, Emeritus and Research Associate and Project Director, Institute of Behavioural Science, University of Colorado, Boulder, US
Publication Date: March 1992 ISBN: 978 1 85278 568 0 Extent: 368 pp
In the first part of the book, Professor Boulding pushes economics towards a more evolutionary type of theory, towards a greater interest in the real world and towards some fairly specific theoretical positions. He stresses the importance of positive-feedback as well as equilibrium processes. The second part focuses on the grants economy, that is the study of the economics of one-way transfers. In part three, he turns his attention to international economic relations particularly the economics of conflict in unilateral national defence. The final part is on ecological systems, stressing that economies are essentially an eco-system of commodities, part of the total eco-system of the world, which is undergoing a constant and irreversible evolutionary change.

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Kenneth Boulding has, in the course of a long and distinguished career, made a seminal contribution to many branches of economics. This major book presents in one volume a selection of his most important recent papers and essays.

In the first part of the book, Professor Boulding pushes economics towards a more evolutionary type of theory, towards a greater interest in the real world and towards some fairly specific theoretical positions. He stresses the importance of positive-feedback as well as equilibrium processes. The second part focuses on the grants economy, that is the study of the economics of one-way transfers. In part three, he turns his attention to international economic relations particularly the economics of conflict in unilateral national defence. The final part is on ecological systems, stressing that economies are essentially an eco-system of commodities, part of the total eco-system of the world, which is undergoing a constant and irreversible evolutionary change.
Critical Acclaim
‘For one who wants to read a few essays by Kenneth Boulding, this book is a rewarding introduction to the work of one of the most important economists of our age. It might also be useful in a research library. . .’
– Andrew Larkin, Journal of Economic Issues

‘Economics is a wonderful thing, but always in danger of being small-minded. Boulding thinks big, very big. It probably is not a good idea for many economists to do that. But it is nice to have someone with his grandeur and concern addressing the subject in a free and creative manner.’
– Max Steuer, The Economic Journal

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