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Evolution and Path Dependence in Economic Ideas

Past and Present

Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 25th May 2001
Dimensions: w 151mm h 242mm d 25mm
Weight: 520g
ISBN-10: 1840640812
ISBN-13: 9781840640816
Barcode No: 9781840640816
Since the 1980s there has been a renewed interest in attempts to introduce a sense of history into economic literature. In this text, the authors argue that it is not possible to explain a state of the world without first analyzing the processes that lead to that state. The contributions collected in the volume share a critical stance towards the timelessness and historical theorizing of mainstream economics. Past states in the development of an economic process set the range of possibilities for future development and can be used to construct theories based on the irreversibility of economic time.

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