Marshall's Evolutionary Economics

by Raffaelli,Tiziano

• ISBN13: 9780415259897
• ISBN10: 0415259894
• Edition: 1st
• Format: Hardcover
• Copyright: 2002-12-27
• Publisher: Routledge

Summary

Alfred Marshall was one of the most important economists ever to have lived. This excellent new book, from a Marshall expert respected the world over, attempts to show that Marshall anticipated some of the views that are now associated with the cognitive sciences. Examining Marshall's philosophy of the human mind, his overall approach to economics, his concern for socio-economic issues, and the fertility of his framework, this book breathes life into the world of Marshallian economics.

Table of Contents

Preface	ix
PART I The origin	1	(36)
Marshall's mental philosophy	3	(14)
The Millian connection	3	(3)
Hidden insular threads	6	(3)
The maiden speech	9	(4)
The Scottish stronghold	13	(4)
An amazing machine	17	(20)
The mechanism	17	(5)
Adding some extrapower	22	(4)
Character and education	26	(3)
Afterthoughts	29	(2)
Evolutionary epistemology	31	(6)
Concluding remarks	34	(3)
PART II The oeuvre	37	(68)
From evolutionary psychology to evolutionary economics	39	(22)
Shaken foundations	39	(3)
Deconstructing classical economics	42	(3)
Equilibrium and the ceteris paribus clause	45	(2)
The growth of knowledge	47	(3)
Individuals as organized systems	50	(1)
The striking similarities between brain and society	51	(3)
Evolution by contrivance and standardization	54	(3)
From chance to choice	57	(4)
Patterns of evolution at work	61	(22)
Education	61	(4)
The division of labour	65	(2)
Business and industrial organization	67	(5)
Industrial districts	72	(3)
National leadership and stagnation	75	(3)
Political and social issues	78	(5)
Some methodological issues	83	(22)
Mathematics and models	83	(3)
`The Many in the One, the One in the Many'	86	(3)
The principle of continuity in the historical context	89	(2)
Meaning and uses of the principle	91	(2)
Shifting metaphors	93	(3)
Economic measurement and beyond	96	(4)
The evolutionary ethical creed	100	(5)
Concluding remarks	103	(2)
PART III The aftermath	105	(37)
Death and resurrection of a research programme	107	(22)
Rocks ahead	107	(4)
The collapse	111	(3)
The resistance	114	(5)
The dynamics of capitalism	119	(2)
Underground developments	121	(4)
The Marshallian revival	125	(4)
Keynes's Marshallian heritage	129	(13)
The Keynesians's struggle to dispose of Marshall	129	(3)
The Marshallian imprint	132	(3)
Confidence, custom and convention: the short and the long view	135	(7)
Concluding remarks	139	(3)
Notes	142	(15)
Bibliography	157	(16)
Index	173