By Geoffrey M. Hodgson

ISBN-10: 0415257166

ISBN-13: 9780415257169

ISBN-10: 0415257174

ISBN-13: 9780415257176

In arguably his most vital booklet so far, Hodgson calls into query the tendency of monetary technique to attempt to clarify all financial phenomena by utilizing an identical catch-all theories and working in common truths. He argues that you simply want various theories to research various financial phenomena and platforms and that old context has to be taken into account.

Hodgson argues that the German old tuition used to be key in laying the principles for the paintings of the pioneer institutional economists, who themselves are gaining forex this present day; and that the becoming curiosity during this institution of suggestion is contributing to a extra entire figuring out of socio-economic theory.

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How Economics Forgot History: The Problem of Historical Specificity in Social Science (Economics as Social Theory) by Geoffrey M. Hodgson


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