{"title":"Complexity and emergence in economics: the road from Smith to Hayek (via Marshall and Schumpeter)","authors":"J. Metcalfe","doi":"10.1400/148269","DOIUrl":null,"url":null,"abstract":"The purpose or this essay is to make the connection between the idea of complexity and the work of four major economists, Smith, Marshall, Schumpeter and Hayek. The bridge is provided by innovation, in the form of emergent novelties, and the division of labour in the form of a system of parts and connections. A major role in complexity analysis is played by the uneven growth of knowledge, and by the rules which simultaneously establish economic order while generating challenges to the prevailing order in the form of invading innovations.","PeriodicalId":38602,"journal":{"name":"History of Economic Ideas","volume":"18 1","pages":"1000-1031"},"PeriodicalIF":0.0000,"publicationDate":"2010-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"32","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"History of Economic Ideas","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1400/148269","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Arts and Humanities","Score":null,"Total":0}
引用次数: 32
Abstract
The purpose or this essay is to make the connection between the idea of complexity and the work of four major economists, Smith, Marshall, Schumpeter and Hayek. The bridge is provided by innovation, in the form of emergent novelties, and the division of labour in the form of a system of parts and connections. A major role in complexity analysis is played by the uneven growth of knowledge, and by the rules which simultaneously establish economic order while generating challenges to the prevailing order in the form of invading innovations.
期刊介绍:
History of Economic Ideas is a new international series of Quaderni di storia dell''economia politica, a journal founded in 1983 to promote collaboration between scholars who share an historical approach to the major issues, the various "revolutions" which have left their mark on economics and the spread of economic ideas beyond the narrow circle of specialists. History of Economic Ideas rejects the dichotomy between "analysis" and "culture": both aspects are of equal importance for a wider understanding of the subject. In a period such as our own, where paradigms which once seemed unshakeable are now being challenged, a multidisciplinary analysis of the historical development of economics might contribute to shedding light on the issues at the root of current debate. Besides essays and critical surveys, the journal includes archive material and reviews of new books on history of economics. History of Economic Ideas is double-blind peer reviewed.