Connecting principles, new combinations and routines

Brian Loasby

No 001/2003, SCEME Working Papers: Advances in Economic Methodology from SCEME

Abstract: This paper reflects on the contributions of Adam Smith and Joseph Schumpeter on our understanding of economic development, routines and cognition. It distinguishes between two conceptions of economic analysis, one Cartesian in nature, the other following an developmental perspective that resists formalisation.

Keywords: Joseph-Schumpeter; Adam-Smith; economic-development; innovation; uncertainty (search for similar items in EconPapers)
JEL-codes: B0 B4 O0 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2003-01
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