How Veblenian Evolutionary Thinking Transcends Methodological Individualism and Methodological Collectivism

The Veblenian evolutionary approach adopts some key philosophical and other principles from Darwinism. Among these is an insistence that every event has a cause. Hence, in particular, human intentionality is caused. This does not mean the neglect of human intentionality but the acceptance that it is...

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Bibliografiske detaljer
Udgivet i:URI:https://journals.openedition.org/ei,
Hovedforfatter: Hodgson, Geoffrey M.
Format: Article ou chapitre numérique
Sprog:Anglais
Udgivet: Économie et Institutions 2016
Fag:
Online adgang:Accès Université d'Orléans et IFPM
Accès Université d'Orléans et IFPM
Beskrivelse
Summary:The Veblenian evolutionary approach adopts some key philosophical and other principles from Darwinism. Among these is an insistence that every event has a cause. Hence, in particular, human intentionality is caused. This does not mean the neglect of human intentionality but the acceptance that it is caused, even if explanations of such causes are elusive. This essay explores the application of these and other Darwinian principles to economics by Veblen, more than a hundred years ago. It shows that these principles are incompatible with both methodological individualism and methodological collectivism, as conventionally defined.