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Edward Elgar Publishing Evolution and Institutions: Evolutionary Economics by Geoff Hodgson

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Description

Geoff Hodgson's influential exploration examines the future of economics as a discipline and traces the development of economic theory throughout the twentieth century. The book critiques the narrowing focus of mainstream economics and its growing disconnect from real-world complexity, arguing that traditional approaches will prove inadequate for addressing the challenges of the new millennium. Hodgson analyzes key attempts to redirect theoretical economics towards practical issues and advocates for moving beyond excessive mathematical formalization. This work from Edward Elgar Publishing offers essential insights into institutional economics and evolutionary approaches, providing readers with a comprehensive understanding of how economic thought must evolve to remain relevant and effective in addressing modern problems.

Key Features

Geoff Hodgson examines the development of economic theory and the narrowing focus of mainstream economics during the twentieth century.

The book proposes redirecting theoretical economics away from excessive mathematical formalization towards real-world applications and issues.

Edward Elgar Publishing presents an analysis of evolutionary economics and institutional approaches to address contemporary economic challenges.

This work explores how economic theory must evolve to remain adequate for understanding and solving complex problems of the new millennium.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
24 February 1999
Listed Since
15 December 2006

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