Development as an Evolutionary Economic Process

2019 ◽  
pp. 229-245
Author(s):  
Richard R. Nelson
Keyword(s):  
Evolutionary Economic ◽  
Economic Process

The Entropy Law and the Economic Process. Nicholas Georgescu-Roegen

1972 ◽  
Vol 39 (3) ◽  
pp. 423-424
Author(s):  
L. A. Boland
Keyword(s):  
Economic Process

scholarly journals Equilibrium and System Analysis in Economic Dynamics

2019 ◽  
Vol 9 (3) ◽  
Author(s):  
Yuri Biondi
Keyword(s):  
System Analysis ◽  
Space Time ◽  
Human Behaviour ◽  
Economic Dynamics ◽  
Economic Theories ◽  
Economic Process

Abstract Many economic theories rely on equilibrium. Notwithstanding its widespread framing role, the very notion of equilibrium shows epistemic and methodological limits when confronted with space, time, human behaviour and institutions. A systemic perspective may upgrade equilibrium by considering the featuring roles of economic organisation (entity), money and accounting in the economic process. This article tributes to Martin Shubik’s scholarship and friendship by providing a systemic perspective on his last co-authored book with Eric Smith.

scholarly journals Retrospectives Whatever Happened to the Cambridge Capital Theory Controversies?

2003 ◽  
Vol 17 (1) ◽  
pp. 199-214 ◽  
Author(s):  
Avi J Cohen ◽  
G. C Harcourt
Keyword(s):  
Business Cycle ◽  
Endogenous Growth ◽  
Path Dependence ◽  
Real Business Cycle ◽  
Capital Theory ◽  
Economic Process ◽  
The 1950S ◽  
Simple Models

We argue that the Cambridge capital theory controversies of the 1950s to 1970s were the latest in a series of still-unresolved controversies over three deep issues: explaining and justifying the return to capital; Joan Robinson's complaint that, due to path dependence, equilibrium is not an outcome of an economic process and therefore an inadequate tool for analyzing accumulation and growth; and the role of ideology and vision in fuelling controversy when results of simple models are not robust. We predict these important and relevant issues, latent in endogenous growth and real business cycle theories, will erupt in future controversy.

Services as part of modern economic process in Russia

2009 ◽  
Vol 20 (4) ◽  
pp. 380-390
Author(s):  
K. E. Savchishina ◽  
V. S. Sutyagin
Keyword(s):  
Economic Process ◽  
Modern Economic
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