Advertisement

Change, Transformation and Development

  • John Stan Metcalfe
  • Uwe Cantner
Conference proceedings

Table of contents

  1. Front Matter
    Pages I-VII
  2. Stanley J. Metcalfe, Uwe Cantner
    Pages 1-4
  3. Michael Peneder
    Pages 229-256
  4. Derek Bosworth, Silvia Massini, Masako Nakayama
    Pages 291-318
  5. Bo Carlsson, Ann-Charlotte Fridh
    Pages 379-412

About these proceedings

Introduction

For as long as one can remember, the edifice of the neoclassical economic syn­ thesis has been under attack. Critiques have focused on the extreme unreality of the assumptions that underpin the Arrow-Debreu theorems of welfare economics. They have queried the excessive formalism of the edifice, and the lack of practical significance of many of the results.They have castigated the neoclassical synthesis for its internal incoherence (lacking an independent theory of capital, for example, one of the favorite topics of the Cambridge school), its lack of a dynamic element, its non-evolutionary character, its lack of any conception of "market process" ­ and so the list could be continued (Blaug, 1997). Through all this, the neoclassi­ cal synthesis remains as strong as ever, impervious it seems to these or any other attacks. In this paper a different tack is taken. The neoclassical edifice is left alone, standing as a representation of what goes on in a certain kind ofeconomy- namely the economy wheregoods and services are producedand exchanged. The paper then introduces another kind of economy, namely an economy of productive entities ­ called "resources"- that are needed to produce the economyofgoods and services.

Keywords

Economic Development Evolutionary Economics Growth Theory Institution Nation Schumpeter Technological Change economic growth growth production

Editors and affiliations

  • John Stan Metcalfe
    • 1
  • Uwe Cantner
    • 2
  1. 1.Centre for Research on Innovation and Competition and School of Economic StudiesUniversity of ManchesterManchesterUK
  2. 2.Department of Economics and Business AdministrationFriedrich-Schiller-University JenaJenaGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-7908-2720-0
  • Copyright Information Physica Verlag Berlin Heidelberg 2003
  • Publisher Name Physica, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-62410-0
  • Online ISBN 978-3-7908-2720-0
  • Buy this book on publisher's site