Hanappi, Hardy and Scholz-Waeckerle, Manuel (2015): Evolutionary Political Economy: Content and Methods.
Preview |
PDF
MPRA_paper_75447.pdf Download (888kB) | Preview |
Abstract
In this paper we present the major theoretical and methodological pillars of evolutionary political economy. We proceed in four steps. Aesthetics: In chapter 1 the immediate appeal of evolutionary political economy as a specific scientific activity is described. Content: Chapter 2 explores the object of investigation of evolutionary political economy. Power: The third chapter develops the interplay between politics and economics. Methods: Chapter 4 focusses on the evolution of methods necessary for evolutionary political economy. The conclusion positions the field of evolutionary political economy – as we proposed to establish it in this paper - within the wider area of scientific activity. In particular, demarcation lines towards some fashionable economic schools (institutionalism, behavioural economics, post-Keynesianism, etc.) are indicated.
Item Type: | MPRA Paper |
---|---|
Original Title: | Evolutionary Political Economy: Content and Methods |
Language: | English |
Keywords: | Evolutionary Theory, Political Economy, Methodology of Social Sciences |
Subjects: | B - History of Economic Thought, Methodology, and Heterodox Approaches > B0 - General > B00 - General B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional ; Evolutionary C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C63 - Computational Techniques ; Simulation Modeling |
Item ID: | 75447 |
Depositing User: | Gerhard Hanappi |
Date Deposited: | 07 Dec 2016 14:29 |
Last Modified: | 29 Sep 2019 13:44 |
References: | Bak, P. and Kim Sneppen, 1993, Punctuated equilibrium and criticality in a simple model of evolution. Physical Review Letters 71 (24): 4083–4086. Berger, S. and Elsner W. (2008), European Contributions to Evolutionary Institutional Economics: The Cases ‘Open-Systems Approach’ (OSA) and ‘Cumulative Circular Causation’ (CCC), in Hanappi, H. and W. Elsner (eds.), Advances in Evolutionary Institutional Economics, Edward Elgar, Cheltenham, UK. Boyer, R. (2000), Is a finance-led growth regime a viable alternative to Fordism? A preliminary analysis, Economy and Society, 29 (1), 111-145. Brown, D. (1991), Thorstein Veblen Meets Eduard Bernstein: Toward an Institutionalist Theory of Mobilization Politics, Journal of Economic Issues, 25(3), 689-708. Castells, M. (2009), Communication Power, Oxford University Press. Chen, Shu-Heng, Chang, Chia-Ling and Wen, Ming-Chang, (2014). Social networks and macroeconomic stability. Economics: The Open-Access, Open-Assessment E-Journal 8 (2014-16): 1-40. Cincotti, S., Raberto, M. and Teglio, A. (2010). Credit money and macroeconomic instability in the agent-based model and simulator Eurace. Economics: The Open-Access, Open-Assessment E-Journal 4: 2010-2026. Clausewitz, C.v., 1834, Vom Kriege (On War). Colletti L., 1975 (1977), Marxism and Dialectics, Ullstein Verlag (German editition). Cunningham S., Flew T., and Swift A., Media Economics, Palgrave MacMillan. Darwin, Ch. (1859), On the Origin of Species, John Murray, London. Deleuze, G. (1993), Unterhandlungen: 1972-1990. Suhrkamp, Frankfurt. Delli Gatti, D., Desiderio, S., Gaffeo, E., Cirillo, P. and Gallegati, M (2011). Macroeconomics from the Bottom-up. Springer, Berlin. Dosi, G., Fagiolo, G., Napoletano, M. and Roventini, A. (2013). Income distribution, credit and fiscal policies in an agent-based Keynesian model. Journal of Economic Dynamics and Control 37(8): 1598-1625. Dopfer K., Foster J., and Potts J., 2004, Micro-meso-macro, Journal of Evolutionary Economics, Volume 14, Issue 3, pp 263-279. Eldridge N. and Gould S., 1972, Punctuated equilibria: an alternative to phyletic gradualism, in: "Models in paleobiology", edited by Schopf, TJM Freeman, Cooper & Co, San Francisco, pp. 82-115. Elsner, W. and Heinrich, T. (2009). A simple theory of Meso. Co-Evolution of Institutions and platform Size, in: Journal of Socio-Economics, Vol. 38(5), pp. 843-858. Epstein, J. (2006, ed). Generative Social Science. Studies in Agent-Based Computational Modeling. Princeton University Press. Fine B., 2013, Economics - Unfit for Purpose: The Director’s Cut, SOAS Department of Economics Working Paper Series, No. 176, The School of Oriental and African Studies. Foucault, M. (2004) [1974], Geschichte der Gouvernmentalität, 2 Volumes, Suhrkamp, Frankfurt. Galbraith, J.K. (1967), The New Industrial State, Princeton University Press. Galbraith, J.K. (1973), Power and the Useful Economist, American Economic Review, 63 (1): 1-11. Georgescu-Roegen, N. (1971), The Entropy Law and the Economic Process, Harvard University Press, Cambridge. Georgescu-Roegen, N. (1987), Entropy, in Palgrave Dictionary of Economics, pp. 153-156. Goodin R. and Lepora Ch., 2015, Guaranteed Rotation in Office: A ‘New’ Model Of Democracy, The Political Quarterly, Vol. 86, No. 3, July-September. Gould, S.J. (2002), The Structure of Evolutionary Theory, Harvard University Press. Gräbner, C. (2015), Agent-based computational models – a formal heuristic for institutionalist pattern modelling? Journal of Institutional Economics, published online: DOI: http://dx.doi.org/10.1017/S1744137415000193 Gramsci A., 1930, Prison Notebooks, in: Further Selections from the Prison Notebooks, Electric Book Company Ltd, London, 1999. Gramsci, A. (2012) [1971], Selections from the Prison Notebooks, International Publishers. Gruchy, A.G. (1973), Law, Politics, and Institutional Economics, Journal of Economic Issues, 7 (4), 623-643. Hanappi H., 1989, The Stages of Industrial Capitalism, in: Technological and Social Factors in Long Term Fluctuations, edited by Vercelli A., DiMatteo M., and Goodwin R., Springer Publishers. Hanappi H., 2007, On the Nature of Knowledge, MPRA Paper No. 27615 Hanappi H., 2013a, Money, Credit, Capital, and the State, On the evolution of money and institutions, in: Buenstorf G. et al. (eds), 'The Two Sides of Innovation. Economic Complexity and Evolution', Springer, pp. 255-282. Hanappi H., 2013b, The Neumann-Morgenstern Project, book chapter in the book 'Game Theory Relaunched' edited by H. Hanappi, Intech publishers (UK). Web: http://www.intechopen.com/books/game-theory-relaunched Hanappi H., 2014a, Bridges to Babylon. Critical Economic Policy: From Keynesian Macroeconomics to Evolutionary Macroeconomic Simulation Models, book chapter in 'Economic Policy and the Financial Crisis' edited by Lukasz Mamica and Pasquale Tridico (Routledge). Hanappi H., 2014b, Evolutionary Political Economy in Crisis Mode, Journal of Economics and Statistics, vol. 234/2+3 - 2014, pp. 422-440. Hanappi H., 2015, Schumpeter and Goodwin, Journal of Evolutionary Economics, vol. 25/no 1. Hanappi H. and Hanappi-Egger E., 2014, Social Identity and Class Consciousness, MPRA Paper No. 60491. Web: http://mpra.ub.uni-muenchen.de/60491/ Heinrich, T. (2014), Standard Wars, Tied Standards, and Network Externality Induced Path Dependence in the ICT Sector, Technological Forecasting and Social Change, 81: 309–320. Hobsbawm, E. (2012), How to Change the World – Tales of Marx and Marxism, Abacus, London. Hurwicz L., 1973, The Design of Mechanisms for Resource Allocation, AER, vol. 63, issue 2, pp. 1-30. Kafka F., 1915, Der Proceß, (The Trial, also as film by Orson Welles), manuscript. Kapp, K.W. (1977), Environment and Technology: New Frontiers for the Social and Natural Sciences, Journal of Economic Issues, 11 (3), 527-540. Klein, P.A. and Miller E.S. (1996), Concepts of Value, Efficiency, and Democracy in Institutional Economics, Journal of Economic Issues, 30 (1), 267-277. Laclau, E. and Mouffe C. [1985] (2014), Hegemony and Socialist Strategy: Towards a Radical Democratic Politics (2nd ed.), Verso, London; New York. Lengnick, M. (2013). Agent-based macroeconomics: A baseline model. Journal of Economic Behavior & Organization 86 (C): 102-120. Leonard R., 2010, Von Neumann, Morgensternn, and the Creation of Game Theory, Cambridge University Press. Mandelbrot B. , 2012, The Fractalist. Memoir of a Scientific Maverick, Pantheon Books, New York. Marx, K. (2001) [1890], Das Kapital - Kritik der politischen Ökonomie, Erster Band, Erstes Buch: Der Produktionsprozess des Kapitals, Karl Dietz Verlag Berlin. Miller J.H. and Page S.E. (2007), Complex Adaptive Systems: An Introduction to Computational Models of Social Life, Princeton University Press. Milonakis, D. and Fine, B. (2008), From Political Economy to Economics: Method, the Social and the Historical in the Evolution of Economic Theory, Abingdon: Routledge. Mouffe, C. [2000] (2009), The Democratic Paradox, Verso, London; New York. Neumann J., 1928, Zur Theorie der Gesellschaftsspiele. in: Mathematische Annalen, Band 100, 1928, S. 295–320. Neumann J., 1966, Theory of Self-Reproducing Automata, in: Burks, A. W., ed., University of Illinois Press. Neumann J. and Morgenstern O., 1944, Theory of Games and Economic Behavior, Princeton University Press, Princeton. Newman M., 2010, Networks, Oxford University Press. Newman M. and Park J., 2003. Why social networks are different from other types of networks, Working Paper of the Santa Fe Institute. Palermo, G. (2014), The economic debate on power: a Marxist critique, Journal of Economic Methodology, 21(2): 175-192. Rengs, B. and Wäckerle, M. (2014), A Computational Agent-Based Simulation of an Artificial Monetary Union for Dynamic Comparative Institutional Analysis. Proceedings of the 2014 IEEE Conference on Computational Intelligence for Financial Engineering & Economics (CIFEr): 427-434. DOI: 10.1109/CIFEr.2014.6924105: 427 – 434. Sargent Th., 1980, Macroeconomic Theory, Academic Press, Boston. Schrödinger E., 1944, What is Life? The Physical Aspect of the Living Cell, MacMillan Publishers. Web: whatislife.stanford.edu/LoCo_files/What-is-Life.pdf Schumpeter, J.A. (1997) [1911], Theorie der wirtschaftlichen Entwicklung, 9th edition, Duncker & Humblot, Berlin, D. Screpanti, E. and Zamagni, S. (2005), An Outline of the History of Economic Thought, Oxford: Oxford University Press. Seppecher, P. (2012). Flexibility of Wages and Macroeconomic Instability in an Agent-Based Computational Model with Endogenous Money. Macroeconomic Dynamics 16(s2): 284-297. Simon, H.A. (1996), The Sciences of the Artificial, 3rd edition, MIT Press, Cambridge, UK. Smith E. and Foley D., 2002, Classical thermodynamics and economic general equilibrium theory, Working Paper of the Santa Fe Institute. Stirling, A. (2014), Transforming power: Social science and the politics of energy choices, Energy Research & Social Science, 1, 83-95. Tabb, W.K. (2010), Financialization in the contemporary social structure of accumulation, in McDonough T., Reich, M. und Kotz, D.M. (eds.) (2010), Contemporary Capitalism and Its Crises. Social Structure of Accumulation Theory for the 21st Century, Cambridge University Press. Theil H., 1967, Economics and Information Theory, North-Holland Publishers, Amsterdam. Tool, M.R. (1977), A Social Value Theory in Neoinstitutional Econonics, Journal of Economic Issues, 11 (4), 823-846. Toporwoski, J. (2010), The transnational company after globalisation, Futures 42: 920-925. Veblen, Th. (1898), Why is economics not an evolutionary science?, The Quarterly Journal of Economics, Vol. 12. Wäckerle, M. (2014), The Foundations of Evolutionary Institutional Economics: Generic Institutionalism, Abingdon: Routledge. Wäckerle, M., Rengs, B. and Radax, W. (2014), An Agent-Based Model of Institutional Life-Cycles, in: Games, Vol. 5 (3), pp. 160-187. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/75447 |