Cultural Economics and Theory: The Evolutionary Economics of David Hamilton
David Hamilton, "Cultural Economics and Theory: The Evolutionary Economics of David Hamilton "
English | ISBN: 041549091X | 2009 | 272 pages | EPUB | 401 KB
English | ISBN: 041549091X | 2009 | 272 pages | EPUB | 401 KB
David Hamilton is a leader in the American institutionalist school of heterodox economics that emerged after WWII. This volume includes 25 articles written by Hamilton over a period of nearly half a century. In these articles he examines the philosophical foundations and practical problems of economics. The result of this is a unique institutionalist view of how economies evolve and how economics itself has evolved with them. Hamilton applies insight gained from his study of culture to send the message that human actions situated in culture determine our economic situation.
David Hamilton has advanced heterodox economics by replacing intellectual concepts from orthodox economics that hinder us with concepts that help us. In particular, Hamilton has helped replace equilibrium with evolution, make-believe with reality, ideological distortion of government with practical use of government, the economy as a product of natural law with the economy as a product of human law and, last, he has helped us replace the entrepreneur as a hero with the entrepreneur as a real person.
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