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History of Economic Analysis
TLDR
The History of Economic Analysis as discussed by the authors provides a complete history of economic theory from Ancient Greece to the end of the second world war, including the major economists from Adam Smith to Maynard Keynes.Abstract:
At the time of his death in 1950, Joseph Schumpeter was working on his monumental History of Economic Analysis. Unprecedented in scope, the book was to provide a complete history of economic theory from Ancient Greece to the end of the second world war. A major contribution to the history of ideas as well as to economics, History of Economic Analysis rapidly gained a reputation as a unique and classic work.
As well being an economist, Schumpeter was a gifted mathematician, historian, philosopher and psychologist and this is reflected in the multi-disciplinary nature of his great endeavour. Topics addressed include the techniques of economic analysis, contemporaneous developments in other sciences and the sociology of economics. This inclusiveness extends to the periods and individuals who figure in the book. As well as dealing with all of the major economists from Adam Smith to Maynard Keynes, the book considers the economic writings of Plato and Aristotle, of the Medieval Scholastics and of the major European economists. Throughout, Schumpeter perceived economics as a human science and this is reflected in a volume which is lucid and insightful throughout.read more
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Technological Discontinuities and Organizational Environments
TL;DR: In this article, the authors investigate the patterns of technological evolution and their impact on environmental conditions and find that technological change within a product class will be characterized by long periods of incremental change punctuated by discontinuities, and the locus of innovation will differ for competence destroying and competence-enhancing technological changes.
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Rational choice and the framing of decisions
Amos Tversky,Daniel Kahneman +1 more
TL;DR: In this article, the authors trace the violations of the rational theory of choice to the rules that govern the framing of decision and to the psychological principles of evaluation embodied in prospect theory, and argue that these rules are normatively essential but descriptively invalid.
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Embeddedness and Immigration: Notes on the Social Determinants of Economic Action1
TL;DR: The concept of social embeddings has also been used in economic sociology as mentioned in this paper, where the authors explore the different forms in which social structures affect economic action and their consequences, positive and negative, highlighted.
BookDOI
Innovation: A Guide to the Literature
TL;DR: Innovation is not a new phenomenon as discussed by the authors, it is as old as mankind itself and it is argued that no single discipline deals with all aspects of innovation, and that in order to get a comprehensive overview of the role played by innovation in social and economic change, a cross-disciplinary perspective is a must.
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The history of ecosystem services in economic theory and practice: From early notions to markets and payment schemes
TL;DR: This paper reviewed the historic development of the conceptualization of ecosystem services and examined critical landmarks in economic theory and practice with regard to the incorporation of ecosystem service into markets and payment schemes, concluding that the trend towards monetization and commodification of ecosystems is partly the result of a slow move from the original economic conception of nature's benefits as use values in Classical economics to their conceptualization in terms of exchange values in Neoclassical economics.