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Is post-Marshallian economics an evolutionary research tradition?

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  • John Finch
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    Abstract

    From the late 1940s to the early 1970s Andrews, Downie, Penrose and Richardson contributed to reassessments of Marshall's explanation of industrial organization. Each author emphasizes a particular aspect of industrial organization — internal and external organization, innovation, and cross-entry — and each elaborates Marshall's much discussed notion of evolutionary principles. Marshall sought coordination of developing knowledge and feared atrophy through concentration, drawing evidence from empirical studies of firms succeeding one another. The post-Marshallians undertook research in an age of larger joint stock companies, and drew conclusions, varying from optimistic to pessimistic, concerning the role of competition in shaping economic development.

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    File URL: http://www.tandfonline.com/doi/abs/10.1080/09672560050192116
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    Article provided by Taylor & Francis Journals in its journal The European Journal of the History of Economic Thought.

    Volume (Year): 7 (2000)
    Issue (Month): 3 ()
    Pages: 377-406

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    Handle: RePEc:taf:eujhet:v:7:y:2000:i:3:p:377-406
    DOI: 10.1080/09672560050192116
    Contact details of provider: Web page: http://www.tandfonline.com/REJH20

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    Keywords: Marshall Post-MARSHALLIAN Economics Evolution Internal External Research Tradition;

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    1. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 462-463, October.
    2. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 465-467, October.
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    4. Loasby, Brian J, 1978. "Whatever Happened to Marshall's Theory of Value," Scottish Journal of Political Economy, Scottish Economic Society, vol. 25(1), pages 1-12, February.
    5. G. B. Richardson, 1964. "The Limits To A Firm'S Rate Of Growth," Oxford Economic Papers, Oxford University Press, vol. 16(1), pages 9-23.
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    8. n/a, 1997. "Book Review," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 143-145.
    9. G. B. Richardson, 1998. "The Economics of Imperfect Knowledge," Books, Edward Elgar Publishing, number 1524.
    10. Paul L. Robertson & Richard N. Langlois, 1994. "Institutions, Inertia, and Changing Industrial Leadership," Industrial Organization 9406005, EconWPA.
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    12. Loasby, Brian J., 1998. "The organisation of capabilities," Journal of Economic Behavior & Organization, Elsevier, vol. 35(2), pages 139-160, April.
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    14. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    15. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 463-465, October.
    16. Foster, John, 1993. "Economics and the Self-Organisation Approach: Alfred Marshall Revisited," Economic Journal, Royal Economic Society, vol. 103(419), pages 975-991, July.
    17. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 460-461, October.
    18. Hodgson, Geoffrey M, 1998. "On the Evolution of Thorstein Veblen's Evolutionary Economics," Cambridge Journal of Economics, Oxford University Press, vol. 22(4), pages 415-431, July.
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    20. Dow, Alexander & Dow, Sheila & Hutton, Alan, 1997. "The Scottish Political Economy Tradition and Modern Economics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 44(4), pages 368-383, September.
    21. Nicolai J. Foss, 1997. "Equilibrium vs Evolution in the Resource-Based Perspective The Conflicting Legacies of Demsetz and Penrose," DRUID Working Papers 97-10, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    22. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 459-460, October.
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    Cited by:

    1. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.
    2. Michael Best, 2012. "The Obscure Firm in the Wealth of Nations," Chapters,in: Handbook on the Economics and Theory of the Firm, chapter 2 Edward Elgar Publishing.
    3. John Finch & Nicola Dinnei, 2001. "Capturing Knightian Advantages of Large Business Organisations Through Group Decision-making Processes," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 8(3), pages 379-403.

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