Marshall and Schumpeter on evolution : economic sociology of capitalist development

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Marshall and Schumpeter on evolution : economic sociology of capitalist development

edited by Yuichi Shionoya, Tamotsu Nishizawa

Edward Elgar, c2008

  • : hardback

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Includes bibliographical references and index

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Description

Traditionally it was understood that while Marshall was the synthesizer of neoclassical economics, Schumpeter challenged the dynamic conception of the economy in place of the static structure of economics. While historians of economic thought rarely discuss the work of Alfred Marshall and Joseph Schumpeter jointly, the contributors to this book do exactly this from the perspective of evolutionary thought. This unique and original work contends that, despite the differences between Marshallian and Schumpeterian thinking, they both present formidable challenges to a broad type of social science beyond economics, particularly under the influence of the German historical school. In a departure from the received view on the nature of the works of Marshall and Schumpeter, the contributors explore their themes in terms of an evolutionary vision and method of evolution; social science and evolution; conceptions of evolution; and evolution and capitalism. This timely resource will provide a stimulus not only to Marshall and Schumpeter scholarship within the history of economic thought but also to the recent efforts of economists to explore a research field beyond mainstream equilibrium economics. It will therefore prove a fascinating read for academics, students and researchers of evolutionary and heterodox economics and historians of economic thought.

Table of Contents

Contents: Introduction Yuichi Shionoya and Tamotsu Nishizawa PART I: VISION AND METHOD OF EVOLUTION 1. Schumpeter and Evolution: An Ontological Exploration Yuichi Shionoya 2. The General Pattern of Marshallian Evolution Tiziano Raffaelli 3. Schumpeter on Marshall: A Reconsideration Roger E. Backhouse PART II: SOCIAL SCIENCE AND EVOLUTION 4. On the Relation between Economics and Sociology: Marshall and Schumpeter Richard Arena 5. Marshall, Schumpeter and the Shifting Boundaries of Economics and Sociology Geoffrey M. Hodgson 6. The Broken Thread: Marshall, Schumpeter and Hayek on the Evolution of Capitalism J.S. Metcalfe PART III: CONCEPTIONS OF EVOLUTION 7. Alfred Marshall and the Historico-Ethical Approach Tamotsu Nishizawa 8. The Limits to Growth: Alfred Marshall and the British Economic Tradition Katia Caldari and Fabio Masini 9. Rebuilding Schumpeter's Theory of Entrepreneurship Richard Swedberg 10. Schumpeter in the Harvard Yard: Inventions, Innovations and Growth Kiichiro Yagi PART IV: EVOLUTION AND CAPITALISM 11. Schumpeter on Development Harald Hagemann 12. Frictions in Schumpeter's Theory of Unemployment Mauro Boianovsky and Hans-Michael Trautwein 13. Marshall on Economic Chivalry and Business Ethics Kenji Fujii Index

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