More Heat Than Light: Economics as Social Physics, Physics as Nature's Economics
This is a history of how physics has drawn some inspiration from economics and how economics has sought to emulate physics, especially with regard to the theory of value. The author traces the development of the energy concept in Western physics and its subsequent effect on the invention and promulgation of neoclassical economics, the modern orthodox theory.
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accounts actually analogy appear assertion attempt become body called capital century Chapter claim classical commodity concerned conservation of energy conservation principles context defined describe determinants discussion early economic economists effect energetics energy concept engineering entire equal equations equilibrium equivalent exchange existence explain expressed fact field final force formalism function further given Hamiltonian heat hence identity important independent influence instance integrability invariance labor later less mathematical matter means measure mechanics motion natural neoclassical economics neoclassical theory never object observed original phenomena physicists physics metaphor position possible potential present problem production quantity quantum mechanics question reason reference relation relativity rendered respect result scientific seemed sense simply single social special relativity structure substance suggest symmetry theory of value things thought tion trade transformation turn understanding utility value substance Walras
Beyond Positivism: Economic Methodology in the Twentieth Century
No preview available - 1994
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The Evolution of Institutional Economics: Agency, Structure, and Darwinism ...
Geoffrey Martin Hodgson
No preview available - 2004