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Since the 1980s there has been a renewed interest in attempts to introduce a sense of history into economic literature. In this book, the authors argue that it is not possible to explain a state of the world without first analysing the processes that lead to that state. The contributions...
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Rethinking Economics is a major contribution to the reconstruction of an economic theory appropriate to the 21st … theoretical tools such as general equilibrium theory are now regarded, even by their leading practitioners, as highly limited and … problematic. New ideas from chaos theory, evolutionary modelling and institutional theory point to new, non …
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