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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
    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. 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.
    2. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 462-463, October.
    3. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 459-460, October.
    4. 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.
    5. Hodgson, Geoffrey M, 1998. "On the Evolution of Thorstein Veblen's Evolutionary Economics," Cambridge Journal of Economics, Oxford University Press, vol. 22(4), pages 415-31, July.
    6. Paul L. Robertson & Richard N. Langlois, 1994. "Institutions, Inertia, and Changing Industrial Leadership," Industrial Organization 9406005, EconWPA.
    7. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 467-468, October.
    8. G. C. Harcourt, 1997. "Book Review," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 153(3), pages 590-591, September.
    9. 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.
    10. 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 368-83, September.
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    13. G. B. Richardson, 1998. "The Economics of Imperfect Knowledge," Books, Edward Elgar Publishing, number 1524.
    14. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 465-467, October.
    15. n/a, 1997. "Book Review," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 143-145.
    16. Foster, John, 1993. "Economics and the Self-Organisation Approach: Alfred Marshall Revisited," Economic Journal, Royal Economic Society, vol. 103(419), pages 975-91, July.
    17. 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.
    18. Lauchlin Currie & Roger Sandilands, 1997. "Implications of an Endogenous Theory of Growth in Allyn Young's Macroeconomic Concept of Increasing Returns," History of Political Economy, Duke University Press, vol. 29(3), pages 413-443, Fall.
    19. Charles P. Blitch, 1983. "Allyn Young on Increasing Returns," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(3), pages 359-372, April.
    20. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 463-465, October.
    21. Geoffrey M. Hodgson, 1997. "The evolutionary and non-Darwinian economics of Joseph Schumpeter," Journal of Evolutionary Economics, Springer, vol. 7(2), pages 131-145.
    22. Unknown, 1997. "Book Review," Food Policy, Elsevier, vol. 22(5), pages 460-461, October.
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    Cited by:

    1. 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.
    2. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.

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