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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.

Evolutionary economics. --- Evolutionary economics

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This book discusses Samuel Pufendorf and his contributions to the development of the European Enlightenment and the emergence of economics as a social science. Born in 1632 in Saxony, Pufendorf wrote widely on natural law, ethics, jurisprudence, and political economy and was one of the most important figures in early-modern political thought. Although his work fits within the intellectual framework of natural jurisprudence, there is an argument to be made that his ideas promoted the development of economics as a distinct discipline within the social sciences. Written by participants in the 34th Heilbronn Symposion in Economics and the Social Sciences, the contributions to this volume give an overview of Pufendorf’s influence on other authors of the Enlightenment, such as Locke, Montesquieu, and Rousseau, as well as addressing the theoretical implications of his extensive writings. Further chapters place a special focus on Pufendorf’s discussion of economic matters, such as property rights theory, price theory, taxation, and preferences and decision-making. The book concludes with analyzing Pufendorf’s influence on Adam Smith, his anticipations of elements of modern economic theory, and his impact on the history of economic thought. Providing a fresh look at one of the foundational scholars of social science, this volume will be of interest to researchers and students of the history of economic thought, political economy, economic history, and political philosophy.

Economic history. --- Political philosophy. --- Economic policy. --- Economics. --- History of Economic Thought/Methodology. --- Political Philosophy. --- Economic History. --- Political Economy/Economic Systems. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Political philosophy --- Economic conditions --- History, Economic --- History. --- Philosophy.

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One may have various reasons for compiling a volume of papers devoted to and inspired by Walras and Pareto. Pareto succeeded Walras in 1893 on the chair of Political Economy at the University of Lausanne. The relation between the two was not always without tensions, although Pareto, on the occasion of his 25 years jubilee celebration, at least in part, transferred the honours offered to him to Walras. Indeed, one may say that to a substantial extent important parts of the works of Pareto would not have been possible without the insights of Walras. Both eminent scientists also have in common that the image of their inheritance professed to the common university trained economic scholars ('cutes') is a highly restricted caricature of the fullnes of their essential insights and contributions, and students of sociology or politicology may even finish their academic studies without ever having heard the name of Pareto. What cutes "know" about Walras amounts to the following caricature. Walras developed the general economic equilibrium model, but did not care about uniqueness and stability of an equilibrium. It is a model with exchange and production only and it assumes an auctioneer who announces price vectors to establish the equilibrium. The model presupposes perfect information and is static and certainly not dynamic. Walras had a bias towards free competition and laisser faire and neglected monopoly and taxation. Pareto is known by the cutes as the founding father of welfare economics. At best one is informed the notions of Pareto-optimality conditions and the first and second welfare theorems. But welfare economics is in general disappearing from the university research and teaching programs, replaced as it is by consumer and producer surpluses in the nowadays flourishing partial industrial economics programs. In this thought-provoking collection, ten international scholars offer reflections and new interpretations of Walras'and Pareto's unique contributions to topics as broad as the over-arching important of the social sciences, the development of modern microeconomics and (in particular) econometrics, political economy and public choice, and political sociology. Their insights will be of particular interest to researchers and scholars of economic history, political sociology, and the social sciences.

Economics --- economie --- economische geschiedenis --- methodologieën

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Social policy --- Politics --- Methodology of economics --- Economic schools --- Economic policy and planning (general) --- Economics --- History --- economie --- economische politiek --- geschiedenis --- politiek --- wereldpolitiek --- welzijnsbeleid --- sociaal beleid

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Economics