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Standard histories of economics usually treat the "marginal revolution" of the midnineteenth century as both … supplanting the "classical" economics of Smith and Ricardo and as advancing the idea of economics as a mathematical science. The … marginalists - especially Jevons and Walras - viewed Cournot's (1838) book on mathematical economics as a seminal work on which …
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. Economics itself is part of the double movement. A second look at Polanyi's might be fruitful to face present challenges better …
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This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new … theory than was previously the case. Discussing new types of applied work, the changing context of applied work, and new … understanding of the nature of applied work and hence of economics itself. …
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