"Economics today has been widely criticised as being more concerned with mathematical technique than the understanding and explanation of real world phenomena. However, one hundred years ago, in Europe and America, economics was fused with the study of history and its practition…
In arguably his most important book to date, Hodgson calls into question the tendency of economic method to try and explain all economic phenomena by using the same catch-all theories and dealing in universal truths. He argues that you need different theories to analyze differen…
Hodgson studies the mid-nineteenth century school of economic theory which melded economics into historical and sociological study. He proposes that modern economic thought should once again take on social history as a meta-theory catalyst for explaining structural and instituti…
