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Connecting principles, new combinations and routines

Author

Listed:
  • Brian J. Loasby

    (Department of Economics, University of Stirling, Scotland)

Abstract
This paper reflects on the contributions of Adam Smith and Joseph Schumpeter on our understanding of economic development, routines and cognition. It distinguishes between two conceptions of economic analysis, one Cartesian in nature, the other following an developmental perspective that resists formalisation.

Suggested Citation

  • Brian J. Loasby, 2003. "Connecting principles, new combinations and routines," SCEME Working Papers: Advances in Economic Methodology 001/2003, SCEME.
    • Handle: RePEc:sti:wpaper:001/2003
    as

    Download full text from publisher

    File URL: http://www.sceme.org.uk/wps/SCEME001_LoasbyB_ConnecTPrinc_2003.pdf
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    More about this item

    Keywords

    Joseph-Schumpeter; Adam-Smith; economic-development; innovation; uncertainty;
    All these keywords.

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General

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