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dc.contributor.authorHodgson, G.M.
dc.identifier.citationHodgson , G M 2001 , ' Darwin, Veblen and the problem of causality in economics. ' , History and Philosophy of the Life Sciences , vol. 23 , no. 3-4 , pp. 385-423 .
dc.identifier.otherPURE: 562670
dc.identifier.otherPURE UUID: ccd6aaeb-ed70-48a7-99d6-62120a941a43
dc.identifier.otherScopus: 0035554214
dc.descriptionMEDLINE® is the source for the citation and abstract of this record.
dc.description.abstractThis article discusses some of the ways in which Darwinism has influenced a small minority of economists. It is argued that Darwinism involves a philosophical as well as a theoretical doctrine. Despite claims to the contrary, the uses of analogies to Darwinian natural selection theory are highly limited in economics. Exceptions include Thorstein Veblen, Richard Nelson, and Sidney Winter. At the philosophical level, one of the key features of Darwinism is its notion of detailed understanding in terms of chains of cause and effect. This issue is discussed in the context of the problem of causality in social theory. At least in Darwinian terms, the prevailing causal dualism--of intentional and mechanical causality--in the social sciences is found wanting. Once again, Veblen was the first economist to understand the implications for economics of Darwinism at this philosophical level. For Veblen, it was related to his notion of 'cumulative causation'. The article concludes with a discussion of the problems and potential of this Veblenian position.en
dc.relation.ispartofHistory and Philosophy of the Life Sciences
dc.titleDarwin, Veblen and the problem of causality in economics.en
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.contributor.institutionSocial Sciences, Arts & Humanities Research Institute
dc.description.statusPeer reviewed
rioxxterms.typeJournal Article/Review

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