“Marshall’s problem” consists in finding a way to integrate physics and biology into economics in order to represent a complex economic world. It is widely believed that Alfred Marshall was the first to address the issue, but he failed to integrate the two method- ological approaches into economics. In particular the prevailing view is that Marshall was unable to follow through on his declaration that biology is the “Mecca” of economics. This paper reconsiders “Marshall’s problem” by focusing on the intellectual connections among Darwin, Babbage and Marshall: it explores the relationship between Marshall’s view of complexity as a dialectical mixing of routine and variation and reconstructs the development of powerfuintellectuamodel that we call the“evolutionarymachine”.

A transdisciplinary perspective on economic complexity. Marshall's problem revisited

CASSATA, FRANCESCO;MARCHIONATTI, Roberto
2011

Abstract

“Marshall’s problem” consists in finding a way to integrate physics and biology into economics in order to represent a complex economic world. It is widely believed that Alfred Marshall was the first to address the issue, but he failed to integrate the two method- ological approaches into economics. In particular the prevailing view is that Marshall was unable to follow through on his declaration that biology is the “Mecca” of economics. This paper reconsiders “Marshall’s problem” by focusing on the intellectual connections among Darwin, Babbage and Marshall: it explores the relationship between Marshall’s view of complexity as a dialectical mixing of routine and variation and reconstructs the development of powerfuintellectuamodel that we call the“evolutionarymachine”.
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Marshall; Darwin; Babbage; Complexity; Transdisciplinarity
F. Cassata; R. Marchionatti
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/94612
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