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        Come back Marshall, all is forgiven? : Complexity, evolution, mathematics and Marshallian exceptionalism

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        Author
        Hodgson, G.M.
        Attention
        2299/14500
        Abstract
        Marshall was the great synthesiser of neoclassical economics. Yet with his qualified assumption of self-interest, his emphasis on variation in economic evolution and his cautious attitude to the use of mathematics, Marshall differs fundamentally from other leading neoclassical contemporaries. Metaphors inspire more specific analogies and ontological assumptions, and Marshall used the guiding metaphor of Spencerian evolution. But unfortunately, the further development of a Marshallian evolutionary approach was undermined in part by theoretical problems within Spencer's theory. Yet some things can be salvaged from the Marshallian evolutionary vision. They may even be placed in a more viable Darwinian framework.
        Publication date
        2013-12-01
        Published in
        European Journal of the History of Economic Thought
        Published version
        https://doi.org/10.1080/09672567.2013.815245
        Other links
        http://hdl.handle.net/2299/14500
        Relations
        Hertfordshire Business School
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