Rethinking classical trade analyses within a framework of capitalist development

Article Abstract:

The application of a classical trade theory based on the views of economists A. Smith, R. Torrens, D. Ricardo and J.S. Mill within a framework of capitalist development is limited. The theory delineates England's economic progress in the 19th century. However, the theory suffers from unrealistic expectations of the automatic extension of industry to agricultural countries, disregard of advances made by late-coming capitalist countries and the influence of England's capital exports on the recipient countries. If applied correctly, this theory will lend the unorthodox approach essential to economic analysis.

Evaluation, Economic policy, Economics, International trade, England, Economists, 19th century AD

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Evolutionary growth theory and forms of realism

Article Abstract:

It is possible to raise doubts about the methodological reading of economic theory presented by R. Nelson and S. Winter. Indeed, it can be argued that subscribing to this approach serves to undermine the real differences between the positivist, methodological instrumentalist and realist approaches to economic theory and confirmation. It is not possible to accept that positivism is a relevant philosophy on which to base the method of theorizing and confirmation by scientists. The positivistic methodological limitations imposed by Nelson and Winter are not integrate to a new research paradigm.

Research, Economic research

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Technology systems and technology policy in an evolutionary framework

Article Abstract:

Evolutionary theory of technology policy reflects that the nature of technological innovation hinges on important factors other than the conduct of individual firms such as the role of a pluralist national system in enhancing the creativity of individual firms. This reveals that technology policy needs to be realigned in keeping with the operation of technology systems and national systems of innovation.

Planning, Technological innovations

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