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What methodology is suitable to describe diversity found in the course of history of economics as well as evolutionary economics?

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  • Makoto Nishibe

    (Senshu University)

Abstract

We examine the method and results of extensive bibliometric analysis on evolutionary research of Hodgson and Lamberg (2018) and detected that the scientific methodology they implicitly assume is Kuhn’s scientific revolution with paradigm shift, rather than Lakatos’ methodology of scientific research programmes with evolutionary diversity. Regarding such four key factors as (a) inquiries/phenomena, (b) theoretical approaches, (c) analytical techniques and (d) policies for the raison d’être of evolutionary economics, Hodgson and Lamberg focus on (b) and (c), however, we argue that (a) and (d) are more crucial key factors for evolutionary economics as the organic and holistic social science when we consider that it constantly deals with complexity, self-organization, autopoiesis and reflexivity. To demonstrate our argument, we will show how we redefine evolutionary economics and present our own view on the basic concepts and theoretical framework.

Suggested Citation

  • Makoto Nishibe, 2018. "What methodology is suitable to describe diversity found in the course of history of economics as well as evolutionary economics?," Evolutionary and Institutional Economics Review, Springer, vol. 15(1), pages 203-211, June.
    • Handle: RePEc:spr:eaiere:v:15:y:2018:i:1:d:10.1007_s40844-018-0096-7
    DOI: 10.1007/s40844-018-0096-7
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    References listed on IDEAS

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    1. Takashi Hashimoto & Makoto Nishibe, 2017. "Theoretical model of institutional ecosystems and its economic implications," Evolutionary and Institutional Economics Review, Springer, vol. 14(1), pages 1-27, June.
    2. Geoffrey M. Hodgson, 1999. "Evolution and Institutions," Books, Edward Elgar Publishing, number 1481.
    3. G. Dosi & M. Egidi, 2000. "Substantive and Procedural Uncertainty: An Exploration of Economic Behaviours in Changing Environments," Chapters, in: Innovation, Organization and Economic Dynamics, chapter 5, pages 165-188, Edward Elgar Publishing.
    4. Giovanni Dosi & Christopher Freeman & Richard Nelson & Gerarld Silverberg & Luc Soete (ed.), 1988. "Technical Change and Economic Theory," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1988, November.
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    More about this item

    Keywords

    Evolutionary diversity; Complexity; Methodology; History of economics; Kuhn; Lakatos;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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