Pluralism(s) in economics: lessons from complexity and innovation. A review paper

Magda Fontana

Journal of Evolutionary Economics, 2014, vol. 24, issue 1, 189-204

Abstract: My analysis focuses on two main observations. First, many competing schools of thoughts are currently present in economics with no predominant paradigm. We are experiencing an era of pluralism (Davis J Econ Methodol 14(3):275–290, 2007 , Camb J Econ 32:249–366, 2008 ; Colander 2000 ; Colander et al. J Polit Econ 16(4):485–499, 2004 ). The term ‘pluralism’ is extremely interesting since, as I will show, it has different dimensions to it. These offer insights into interpreting the tangled universe of the economics. Second, there is a progressive intertwining of innovation economics with complexity economics, which I argue provides an instance of the above-described shift toward pluralism. Copyright Springer-Verlag Berlin Heidelberg 2014

Keywords: Innovation and invention; Processes and incentives; Economic methodology; O30; B41 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/s00191-013-0333-5

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