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Hayek's theory of cultural evolution has always generated controversy. Interest in Hayek's theory, and others' analysis and criticism of it, has been rising of late. This volume urges a reconsideration of Hayeks' theory of evolution and aims to explore the relevance of Hayek's theory for its own sake and for evolutionary economics more generally

This thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant issues, and breaks new ground by bringing together widely dispersed yet theoretically congruent ideas

Theorie der wirtschaftlichen Entwicklung -- The Theory of Economic Development -- The Institutional Analysis of Entrepreneurship: Historist Aspects of Schumpeter's Development Theory -- The Influence of Schumpeter's German Writings on the Mainstream Economic Literature in English -- Schumpeter and Schools of Economic Thought -- On a Virtually Forgotten Essay: Joseph A. Schumpeter's "The Sociology of Imperialisms" -- Joseph A. Schumpeter's "Soziologie des Geldes" -- Adaptation Without Attribution? The Genesis of Schumpeter's Innovator -- The Missing Chapter in Schumpeter's -- The Lost Chapter of Schumpeter's & 'E conomic Development' -- The Second Cleavage of the Austrian School: Schumpeter's German Writings on Economic Systems and Economic Policy in Comparison with Mises/Hayek -- Steeped in Two Mind-Sets: Schumpeter in the Context of the Two Canons of Economics -- The Role of Technical Change and Diffusion in the Schumpeterian Lines -- Edward Bellamy and Joseph Schumpeter in the Year 2000 -- Schumpeter's Gap and the Economic Thought in Hellenistic Times -- Schumpeter and the Crisis of the Tax State.

Werner Sombart: Nationalökonom u. Soziologe. Geb. 19.1.1863 Ermsleben; gest. 19.5.1941 Berlin.

Abstract:The intellectual roots of law and economics, institutional economics, and the possible science of organization economics are here explored for a better understanding of what Posner is pushing for. The purpose is, of course, to gain better acceptance of his proposal. As it turns out, organization economics comes close to what has come to be called 'the science of State', i.e. treating law, economics, sociology, and political science as approaches to one and the same subject always to be taken together.