Interdisciplinary Economics by Boulding Kenneth E. Kesting Stefan Dolfsma Wilfred

Author:Boulding, Kenneth E.,Kesting, Stefan,Dolfsma, Wilfred.
Language: eng
Format: epub
ISBN: 978-1-134-08190-5
Publisher: Taylor & Francis (CAM)

Epilogue

Since the publication of Boulding’s Evolutionary Economics (1981), the area of study has exploded, which a Google search of the Internet will support. Also, Wikipedia has an entry which identifies some leading contributors to and publications in the field. Similar and often overlapping ideas can be found under the subject titles of institutional economics, complexity economics, and complex adaptive systems. I found fascinating the work undertaken at the Santa Fe Institute in 1987–88 (Waldrop, 2002, 133–51 and 247–62). One outcome was the acknowledgement (Ibid., 326–7) by Kenneth Arrow that viewing the economy as a complex adaptive system was another valid way to do economics equal of status to the traditional theory. A similar process of analysis, e.g. biological modeling, used by Boulding is found in Beinhocker (2006, 11–20 and 187–379). Also, he relates subsequent activities on Wall Street undertaken by some of the economics program participants (2006, 381–414).

Two journals publishing papers in evolutionary economic theory are: Journal of Economic Issues (www.afee.net/division.php?page=jei) and Journal of Evolutionary Economics (www.springer.com/economics/journal/191).

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