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Cultural Economics and Theory

The Evolutionary Economics of David Hamilton

William M Dugger editor David Hamilton editor Glen Atkinson editor William T Waller Jr editor

Format:Hardback

Publisher:Taylor & Francis Ltd

Published:22nd Sep '09

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Cultural Economics and Theory cover

This collection features David Hamilton's influential writings on heterodox economics, exploring the interplay of culture and technology in economic evolution, offering insights valuable to economists and graduate students alike.

Cultural Economics and Theory compiles the significant works of David Hamilton, a prominent figure in the American institutionalist school of heterodox economics. Over a span of fifty years, Hamilton has sought to replace traditional economic concepts that limit understanding with those that enhance it. This volume features 25 articles that delve into the philosophical foundations and practical challenges of economics, presenting a distinctive institutionalist perspective on the evolution of economies and the discipline of economics itself.

Hamilton's approach emphasizes the interplay between culture and economic behavior, arguing that human actions rooted in cultural contexts shape our economic realities. He challenges conventional ideas by advocating for a view of economics that prioritizes evolution over equilibrium, and reality over ideological distortions. By reframing the role of government and the perception of entrepreneurs, Hamilton provides a more nuanced understanding of economic dynamics, highlighting the importance of human agency within cultural frameworks.

The articles in this collection offer an alternative narrative to the self-adjusting market model, explaining how cultural patterns and technological advancements influence a nation's economic trajectory. Rather than presenting a simplistic materialist view, Hamilton treats technology and culture as intertwined forces that are essential to economic development. This comprehensive volume is particularly valuable for professional economists and graduate students seeking a deeper understanding of the origins and implications of institutional economics.

"The world-wide distribution of David Hamilton’s book, Evolutionary Economics, established his international reputation as a leading figure in the literature of American institutional economics. But his contributions to evolutionary institutional economics are also contained in the steady stream of articles he published over the last half of the twentieth century. This definitive collection of his publications makes that body of work immediately accessible. Hamilton’s refreshingly original ideas, clothed as they are in a graceful prose that is seldom found in economic writing, are as pertinent today as they were when he wrote them. He demonstrates why mainstream economics is generally irrelevant to the world in which we live and how a reorientation of the discipline to an evolutionary perspective would correct this deficiency. "

- Paul D. Bush, Professor Emeritus of Economics, California State University, Fresno, USA. 2009 Veblen-Commons Award Recipient.

"David Hamilton emerged in the 1950s as one of the most important American figures in the original tradition of institutional economics. Among his many forceful and enduring themes is his emphasis on the evolutionary and Darwinian character of Veblenian institutionalism. This is a very useful collection of his writings."

- Geoff Hodgson, Research Professor in Business Studies, Business School, University of Hertfordshire, UK.

ISBN: 9780415490917

Dimensions: unknown

Weight: 544g

272 pages