
Institutions and Evolution of Capitalism
Essays in Honour of Geoffrey M. Hodgson
Edward Elgar Publishing
Published on 8. November 2019
Book
Hardback
384 pages
978-1-78536-499-0 (ISBN)
Description
Geoff Hodgson has made substantial contributions to institutional and evolutionary economics, economic methodology, the history of economic thought and social theory. To mark his seminal work, this book features original contributions by world-leading scholars from fields that have played a significant role in influencing his thinking or represent key debates to which he has contributed.
Building on some of the central philosophical and methodological foundations underlying Hodgson's thinking, the book is organized around the recurring themes of institutions, evolution and capitalism. The contributors explore key connections between philosophy, the history of economic thought, and institutional and evolutionary economics in the light of Hodgson's often path-breaking work.
A vital read for institutional, evolutionary and heterodox economists, this book sheds new light on Hodgson's position in these fields. Drawing together critical insights, this is also an important book for economics scholars looking to improve their understanding of current theory.
Contributors include: M.C. Becker, C. Camic, J.B. Davis, S. Deakin, K. Dopfer, G. Dosi, S. Dow, F. Gagliardi, D. Gindis, J. Groenewegen, G.M. Hodgson, T. Knudsen, R.N. Langlois, T. Lawson, L. Marengo, C. Menard, J.S. Metcalfe, P. Mirowski, A. Nuvolari, U. Pagano, J. Potts, J.W. Stoelhorst, A. Tylecote, V.J. Vanberg, J. Vromen
Building on some of the central philosophical and methodological foundations underlying Hodgson's thinking, the book is organized around the recurring themes of institutions, evolution and capitalism. The contributors explore key connections between philosophy, the history of economic thought, and institutional and evolutionary economics in the light of Hodgson's often path-breaking work.
A vital read for institutional, evolutionary and heterodox economists, this book sheds new light on Hodgson's position in these fields. Drawing together critical insights, this is also an important book for economics scholars looking to improve their understanding of current theory.
Contributors include: M.C. Becker, C. Camic, J.B. Davis, S. Deakin, K. Dopfer, G. Dosi, S. Dow, F. Gagliardi, D. Gindis, J. Groenewegen, G.M. Hodgson, T. Knudsen, R.N. Langlois, T. Lawson, L. Marengo, C. Menard, J.S. Metcalfe, P. Mirowski, A. Nuvolari, U. Pagano, J. Potts, J.W. Stoelhorst, A. Tylecote, V.J. Vanberg, J. Vromen
Reviews / Votes
'We are in an era when fundamental debates about the nature of the economy and economics are not mere academic curiosities but an urgent necessity for society. Long-dominant theories have crumbled and major challenges loom. Bold new thinking is required and few have been bolder than Geoffrey Hodgson. This volume, by a distinguished group of scholars, gives new insights into Hodgson's decades-long body of work and will surely spark new ideas and debate. The economy is an evolutionary system and someday future historians will say ''Hodgson was right.'''--Eric Beinhocker, University of Oxford, UK and author of The Origin of Wealth'This impressive collection is a fitting tribute to Geoff Hodgson, with substantial contributions from senior colleagues covering the many areas in economics in which he has worked over the course of a long and successful career.'
--Jochen Runde, University of Cambridge, UK
'Geoffrey Hodgson has for some time been one of the most creative and provocative writers arguing for a more evolutionary economics that paid more attention to the institutions driving and molding economic change. This collection of essays in his honor is of broad scope and high quality. They provide a pleasurable, informative read.'
--Richard R. Nelson, Columbia University, US
More details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-78536-499-0 (9781785364990)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Edited by Francesca Gagliardi, University of Hertfordshire and David Gindis, University of Warwick, UK
Content
Contents:
PART I INTRODUCTION
1 Institutions and evolution of capitalism in Geoff Hodgson's
work 2
Francesca Gagliardi and David Gindis
PART II FOUNDATIONS
2 Geoff Hodgson on pluralism and historical specificity 14
Sheila C. Dow
3 Mathematical modelling in economics: seeking a rationale 29
Tony Lawson
4 Dissembling nature, elusive economy 44
Philip Mirowski
5 The rest of the resume: Veblen's teaching and service activities 62
Charles Camic
6 Hodgson, cumulative causation and reflexive economic agents 78
John B. Davis
PART III INSTITUTIONAL ECONOMICS
7 Bridging Original and New Institutional Economics? 93
John Groenewegen
8 Dimensionalizing institutions 110
Claude Menard
9 Juridical ontology and the theory of the firm 127
Simon Deakin
10 The corporation is not a nexus of contracts: it's an iPhone 142
Richard N. Langlois
11 Property, possession and knowledge 157
Ugo Pagano
12 Near misses - a capitalist aborted take-off and a no-show: the
United Provinces and Ming China 178
Andrew Tylecote
13 Institutions are neither autistic maximizers nor flocks of birds:
self-organization, power and learning in human organizations 194
Giovanni Dosi, Luigi Marengo and Alessandro Nuvolari
PART IV EVOLUTIONARY ECONOMICS
14 Industry and Trade : Marshall's magnificent dynamics 215
J. Stanley Metcalfe
15 Generalized Darwinism, the nature of selection and market
efficiency
231
J.W. Stoelhorst
16 Cultural evolution, group selection and downward causation 250
Viktor J. Vanberg
17 Generalized Darwinism, routines and morality 264
Jack Vromen
18 The ubiquity of habits and routines and their contribution to
management theory 282
Markus C. Becker
19 The role of selection processes in organizational evolution 299
Thorbjorn Knudsen
20 Why is evolutionary economics not an empirical science? 314
Kurt Dopfer and Jason Potts
PART V GEOFF HODGSON ON GEOFF HODGSON
21 A conversation with Geoff Hodgson 328
Francesca Gagliardi, David Gindis and Geoffrey M. Hodgson
Index 353
PART I INTRODUCTION
1 Institutions and evolution of capitalism in Geoff Hodgson's
work 2
Francesca Gagliardi and David Gindis
PART II FOUNDATIONS
2 Geoff Hodgson on pluralism and historical specificity 14
Sheila C. Dow
3 Mathematical modelling in economics: seeking a rationale 29
Tony Lawson
4 Dissembling nature, elusive economy 44
Philip Mirowski
5 The rest of the resume: Veblen's teaching and service activities 62
Charles Camic
6 Hodgson, cumulative causation and reflexive economic agents 78
John B. Davis
PART III INSTITUTIONAL ECONOMICS
7 Bridging Original and New Institutional Economics? 93
John Groenewegen
8 Dimensionalizing institutions 110
Claude Menard
9 Juridical ontology and the theory of the firm 127
Simon Deakin
10 The corporation is not a nexus of contracts: it's an iPhone 142
Richard N. Langlois
11 Property, possession and knowledge 157
Ugo Pagano
12 Near misses - a capitalist aborted take-off and a no-show: the
United Provinces and Ming China 178
Andrew Tylecote
13 Institutions are neither autistic maximizers nor flocks of birds:
self-organization, power and learning in human organizations 194
Giovanni Dosi, Luigi Marengo and Alessandro Nuvolari
PART IV EVOLUTIONARY ECONOMICS
14 Industry and Trade : Marshall's magnificent dynamics 215
J. Stanley Metcalfe
15 Generalized Darwinism, the nature of selection and market
efficiency
231
J.W. Stoelhorst
16 Cultural evolution, group selection and downward causation 250
Viktor J. Vanberg
17 Generalized Darwinism, routines and morality 264
Jack Vromen
18 The ubiquity of habits and routines and their contribution to
management theory 282
Markus C. Becker
19 The role of selection processes in organizational evolution 299
Thorbjorn Knudsen
20 Why is evolutionary economics not an empirical science? 314
Kurt Dopfer and Jason Potts
PART V GEOFF HODGSON ON GEOFF HODGSON
21 A conversation with Geoff Hodgson 328
Francesca Gagliardi, David Gindis and Geoffrey M. Hodgson
Index 353