The "New" Economic Theories

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The "New" Economic Theories

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Helena Marques () (Department of Economics, Claremont Tower University of Newcastle upon Tyne)

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Helena Marques

Abstract

This paper has two main goals. The first is to study the links between the “new” economic theories, this is, the “new” trade theory, the “new” growth theory and the “new” economic geography. These are three apparently distinct strands of economics, yet they have a common motivation: the role of increasing returns and the consequent market structure (imperfect/monopolistic competition). The second goal is to present the “new” economic theories as case studies in what concerns the debate over modelling and its role in the progress of economics. Since these theories contribute fundamentally by applying new modelling techniques to old real world problems, they add something to economic knowledge to the extent that we accept formalisation as a source of progress in economics.

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Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 104.

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Length: 26 pages
Date of creation: May 2001
Date of revision:
Handle: RePEc:por:fepwps:104

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Sandra Silva, 2004. "On evolutionary technological change and economic growth: Lakatos as a starting point for appraisal," FEP Working Papers 139, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
Other versions:
- Sandra Silva, 2009. "On evolutionary technological change and economic growth: Lakatos as a starting point for appraisal," Journal of Evolutionary Economics, Springer, vol. 19(1), pages 111-135, February. [Downloadable!] (restricted)
Rosa Forte, 2004. "The relationship between foreign direct investment and international trade. Substitution or complementarity? A survey," FEP Working Papers 140, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
Maria do Rosario Correia & Scott C. Linn & Andrew Marshall, 2004. "An Empirical Investigation of Debt Contract Design: The Determinants of the Choice of Debt Terms in Eurobond Issues," FEP Working Papers 148, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]

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