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“Why is Economics not an Evolutionary Science?” New Answers to Veblen’s Old Question
| Content Provider | Semantic Scholar |
|---|---|
| Author | Dobusch, Leonhard |
| Copyright Year | 2009 |
| Abstract | Addressing the question why Economics as a discipline is not subject to evolutive processes itself, we explain the paradigmatical dominance of neoclassical theories in Economics as a path dependent process. Recognizing economics as „locked into neoclassical thinking“, we first identify three positive feedback mechanisms leading to strong barriers to paradigmatic change: coordination, complementarity, and learning mechanisms. In a second step, we show how actors strategically enforce these mechanisms via distinct “amplifiers”. We then try to use this theoretical perspective to cursorily describe potentially path-breaking strategies. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.dobusch.net/pub/uni/Dobusch-Kapeller(2009)Path-Dependent-Economics-WP.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
