IDEAS home Printed from https://ideas.repec.org/a/spr/eaiere/v21y2024i1d10.1007_s40844-024-00275-1.html
   My bibliography  Save this article

Evolutionary alternatives to equilibrium frameworks in economics education

Author

Listed:
  • Henning Schwardt

    (University of Denver)

Abstract

To have multiple perspectives for analyzing an economy is valuable in and of itself. For the complex system economy, they offer ways for researchers and students alike for developing a more nuanced understanding of socio-economic structures than the economics mainstream framework can accommodate. They allow us to conceptualize economic activity in different ways and show different aspects of economic activities. They can help develop policy frameworks that may permit a more versatile, and also more targeted, set of options for influencing economic processes. They can support the development of differing positions when we consider how to evaluate economic processes and the output range which they produce. For students, learning different perspectives for thinking about how an economy functions, about the role of economic activity and how it is embedded in a physical and social environment can offer numerous advantages over an instruction that is solely focused on one specific perspective and its positive and normative positions. Evolutionary perspectives on economic education and analyses provide an analytical framework that can accommodate the above aspects.

Suggested Citation

  • Henning Schwardt, 2024. "Evolutionary alternatives to equilibrium frameworks in economics education," Evolutionary and Institutional Economics Review, Springer, vol. 21(1), pages 115-130, April.
  • Handle: RePEc:spr:eaiere:v:21:y:2024:i:1:d:10.1007_s40844-024-00275-1
    DOI: 10.1007/s40844-024-00275-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40844-024-00275-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s40844-024-00275-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Arne Heise, 2020. "Ideology and pluralism in economics: a German view," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 11(2), pages 114-129.
    2. Arthur, W Brian, 1989. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, Royal Economic Society, vol. 99(394), pages 116-131, March.
    3. José Corpataux & Olivier Crevoisier, 2007. "Economic theories and spatial transformations clarifying the space-time premises and outcomes of economic theories," Journal of Economic Geography, Oxford University Press, vol. 7(3), pages 285-309, May.
    4. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    5. Andrew Mearman & Tim Wakeley & Gamila Shoib & Don J. Webber, 2011. "Does Pluralism in Economics Education Make Better Educated, Happier Students? A Qualitative Analysis," International Review of Economic Education, Economics Network, University of Bristol, vol. 10(2), pages 50-62.
    6. Esther-Mirjam Sent, 2005. "Simplifying Herbert Simon," History of Political Economy, Duke University Press, vol. 37(2), pages 227-232, Summer.
    7. Shaikh, Anwar, 1974. "Laws of Production and Laws of Algebra: The Humbug Production Function," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 115-120, February.
    8. Henning Schwardt, 2022. "Technology and social rules and norms in neo-Schumpeterian economics and in original institutional economics," PSL Quarterly Review, Economia civile, vol. 75(303), pages 385-401.
    9. Joseph E. Stiglitz, 2002. "Information and the Change in the Paradigm in Economics," American Economic Review, American Economic Association, vol. 92(3), pages 460-501, June.
    10. David Colander & Roland Kupers, 2014. "Complexity and the Art of Public Policy: Solving Society’s Problems from the Bottom Up," Economics Books, Princeton University Press, edition 1, number 10207.
    11. Miguel Carrión Álvarez & Dirk Ehnts, 2016. "Samuelson and Davidson on ergodicity: A reformulation," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 39(1), pages 1-16, January.
    12. Harcourt,G. C. With contributions by-Name:Cohen,Avi J. With contributions by-Name:Mata,Tiago, 2022. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9781009158152, July.
    13. R. G. Lipsey & Kelvin Lancaster, 1956. "The General Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 24(1), pages 11-32.
    14. Mark D Packard & Per L Bylund & Brent B Clark, 2021. "Keynes and Knight on uncertainty: peas in a pod or chalk and cheese?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 45(5), pages 1099-1125.
    15. Lynne Chester, 2021. "Can Régulation Theory Inform Institutional Analyses of Contemporary Social Provisioning?," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(2), pages 359-366, April.
    16. Claudius Gräbner & Birte Strunk, 2020. "Pluralism in economics: its critiques and their lessons," Journal of Economic Methodology, Taylor & Francis Journals, vol. 27(4), pages 311-329, October.
    17. Kevin Deane & Elisa Van Waeyenberge & Rachel Maxwell, 2019. "Recharting the history of economic thought: approaches to and student experiences of the introduction of pluralist teaching in an undergraduate economics curriculum," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 10(2), pages 137-154.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stolpe, Michael, 1995. "Technology and the dynamics of specialization in open economies," Open Access Publications from Kiel Institute for the World Economy 738, Kiel Institute for the World Economy (IfW Kiel).
    2. Jonathan M. Lee, 2015. "The Impact of Heterogeneous NOx Regulations on Distributed Electricity Generation in U.S. Manufacturing," Working Papers 15-12, Center for Economic Studies, U.S. Census Bureau.
    3. Dieter Schmidtchen & Jenny Helstroffer & Christian Koboldt, 2021. "Regulatory failure and the polluter pays principle: why regulatory impact assessment dominates the polluter pays principle," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 23(1), pages 109-144, January.
    4. Claudius Graebner & Jakob Kapeller, 2015. "The Micro-Macro Link in Heterodox Economics," ICAE Working Papers 37, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    5. Chenhao Fang & Tieju Ma, 2021. "Technology adoption with carbon emission trading mechanism: modeling with heterogeneous agents and uncertain carbon price," Annals of Operations Research, Springer, vol. 300(2), pages 577-600, May.
    6. Fabrizio Ferretti, 2008. "Patterns of technical change: a geometrical analysis using the wage-profit rate schedule," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(5), pages 565-583.
    7. Jeroen C. J. M. van den Bergh & John M. Gowdy, 2003. "The microfoundations of macroeconomics: an evolutionary perspective," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(1), pages 65-84, January.
    8. Abraham Singer, 2018. "Justice Failure: Efficiency and Equality in Business Ethics," Journal of Business Ethics, Springer, vol. 149(1), pages 97-115, April.
    9. Silvano Cincotti & Wolfram Elsner & Nathalie Lazaric & Anastasia Nesvetailova & Engelbert Stockhammer, 2020. "Towards an evolutionary political economy. Editorial to the inaugural issue of the Review of Evolutionary Political Economy REPE," Review of Evolutionary Political Economy, Springer, vol. 1(1), pages 1-12, May.
    10. Olivier Godard, 1998. "Concertation et incitations efficaces, deux objectifs incompatibles ? Une analyse à partir du dispositif de gestion des déchets d'emballages ménagers en France," Post-Print halshs-00618321, HAL.
    11. Søren Djørup, 2021. "The institutionalisation of zero transaction cost theory: a case study in Danish district heating regulation," Evolutionary and Institutional Economics Review, Springer, vol. 18(1), pages 159-174, April.
    12. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
    13. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
    14. Jeremy Webb & Max Briggs & Clevo Wilson, 2018. "Breaking automotive modal lock-in: a choice modelling study of Jakarta commuters," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(1), pages 47-68, January.
    15. Roger R. Betancourt, 1991. "The New Institutional Economics and the Study of the Cuban Economy," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 1.
    16. Nicholas Howarth, 2011. "Clean Energy Technology and the Role of Non-Carbon Price-Based Policy: An Evolutionary Economics Perspective," European Planning Studies, Taylor & Francis Journals, vol. 20(5), pages 871-891, October.
    17. Elsner, Wolfram, 2015. "Policy Implications of Economic Complexity and Complexity Economics," MPRA Paper 63252, University Library of Munich, Germany.
    18. Federico Frattini, 2011. "Mature Systems in Global Markets: The Need for an Institutional Division of Labour," Working Papers 201109, University of Ferrara, Department of Economics.
    19. Wolfram Elsner, 2019. "Policy and state in complexity economics," Chapters, in: Nikolaos Karagiannis & John E. King (ed.), A Modern Guide to State Intervention, chapter 1, pages 13-48, Edward Elgar Publishing.
    20. Jesse D. Jenkins & Valerie J. Karplus, 2016. "Carbon pricing under binding political constraints," WIDER Working Paper Series 044, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    Evolutionary economics; Economics education; Pluralism; Inclusiveness;
    All these keywords.

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eaiere:v:21:y:2024:i:1:d:10.1007_s40844-024-00275-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.