Come back Marshall, all is forgiven? : Complexity, evolution, mathematics and Marshallian exceptionalism
Hodgson, G.M.
(2013)
Come back Marshall, all is forgiven? : Complexity, evolution, mathematics and Marshallian exceptionalism.
European Journal of the History of Economic Thought, 20 (6).
pp. 957-981.
ISSN 0967-2567
Marshall was the great synthesiser of neoclassical economics. Yet with his qualified assumption of self-interest, his emphasis on variation in economic evolution and his cautious attitude to the use of mathematics, Marshall differs fundamentally from other leading neoclassical contemporaries. Metaphors inspire more specific analogies and ontological assumptions, and Marshall used the guiding metaphor of Spencerian evolution. But unfortunately, the further development of a Marshallian evolutionary approach was undermined in part by theoretical problems within Spencer's theory. Yet some things can be salvaged from the Marshallian evolutionary vision. They may even be placed in a more viable Darwinian framework.
Item Type | Article |
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Keywords | alfred marshall, complexity, darwinism, evolution, herbert spencer, mathematics, economics, econometrics and finance (miscellaneous), general arts and humanities, history and philosophy of science |
Date Deposited | 15 May 2025 12:49 |
Last Modified | 06 Jun 2025 00:03 |
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