A notion evolving: From 'institutional path dependence' to 'intellectual path dependence'
AbstractHow do ideas evolve? Can one speak of scientific progress when there is more than one pathway of intellectual evolution in which different ideas emerge and flow in different directions? Is the history of economic analysis a compilation of a number of intellectual pathways? This essay argues that it is possible to understand the course of history as a number of overlapping, divergent, and endlessly changing pathways. Such pathways operate in different fashions. They sometimes lead to more coherent and higher levels of understanding. And sometimes they delay or obstruct advancement in intellectual history. In both cases, outcomes are unpredictable and multi-directional.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 32 (2012)
Issue (Month): 2 ()
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Institutional path dependnece; intellectual path dependence; evolutionary theory;
Find related papers by JEL classification:
- B0 - Schools of Economic Thought and Methodology - - General
- B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
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- Balmann, Alfons & Odening, Martin & Weikard, Hans-Peter & Brandes, Wilhelm, 1993.
"Path-Dependence Without Increasing Returns To Scale And Network Externalities,"
13402, University of Minnesota, Department of Applied Economics.
- Balmann, Alfons & Odening, Martin & Weikard, Hans-Peter & Brandes, Wilhelm, 1996. "Path-dependence without increasing returns to scale and network externalities," Journal of Economic Behavior & Organization, Elsevier, vol. 29(1), pages 159-172, January.
- Yalcintas, Altug, 2013. "The Oomph in economic philosophy: a bibliometric analysis of the main trends, from the 1960s to the present," MPRA Paper 44191, University Library of Munich, Germany.
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