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On the Evolution of Thorstein Veblen's Evolutionary Economics

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  • Hodgson, Geoffrey M

Abstract

This article addresses the origins of Thorstein Veblen's evolutionary economics, as announced in his 1898 essay 'Why is economics not an evolutionary science?.' Before 1897, and partly under the influence of C. Lloyd Morgan, Veblen rejected biological reductionism. Veblen's 1897 endorsement of a critique of Marxism by Max Lorenz shows that he found Karl Marx's account of human action too limiting. By this time, Veblen had also rejected the idea of either the individual or society as exclusive foundations for social science. Instead, he embraced an evolutionary framework of explanation along Darwinian lines, involving multiple levels of explanation and emergent properties. Copyright 1998 by Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Cambridge Journal of Economics.

Volume (Year): 22 (1998)
Issue (Month): 4 (July)
Pages: 415-31

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Handle: RePEc:oup:cambje:v:22:y:1998:i:4:p:415-31

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Cited by:
  1. Abdallah Zouache, 2014. "De la question coloniale chez les anciens et néo-institutionnalistes," Revue d'économie politique, Dalloz, vol. 124(1), pages 129-149.
  2. Olivier Brette, 2003. "Thorstein Veblen's theory of institutional change: beyond technological determinism," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 10(3), pages 455-477.
  3. Damien Talbot, 2001. "Proximites Et Dynamiques Des Relations De Soustraitance : Le Cas D'Eads Airbus A Toulouse," Post-Print halshs-00584656, HAL.
  4. John Finch, 2000. "Is post-Marshallian economics an evolutionary research tradition?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(3), pages 377-406.
  5. Damien TALBOT (GREThA, CNRS, UMR 5113), 2011. "Institutions, organizations and space: forms of proximity (In French)," Cahiers du GREThA 2011-06, Groupe de Recherche en Economie Théorique et Appliquée.

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