Increasing returns in scientific knowledge

August 20, 2008

presented at the Workshop on Formal Modeling in Social Epistemology, Tilburg University

Rogier De Langhe
Centre for Logic and Philosophy of Science
Ghent University, Belgium

Matthias Greiff
Institute for Institutional and Innovation Economics
University of Bremen, Germany

We present a model that builds further on Philip Kitcher’s 1990 paper “The Division of Cognitive Labor”. We argue that Kitcher has made a valuable contribution in framing the problem and presenting a solution, but claim that his results have only limited scope because the scientific community is modelled as a closed system, with a definite ending point and decreasing marginal returns as the endpoint nears. In contrast, we present a model based on increasing returns, drawing on the literature of increasing returns models in institutional economics, in particular the formalism developed in a series of papers by Brian Arthur.

KEY REFERENCES

  • Arthur, Brian (1989), ‘Competing technologies, increasing returns, and lock-in by historical events’, The Economic Journal, 99, pp. 116-31
  • Arthur, Brian (1994). Increasing returns and path-dependence in the economy. University of Michigan Press
  • Kitcher, Philip (1990), ‘The division of cognitive labor’, The Journal of Philosophy, 87(1), pp. 5-22

Complexity, Uncertainty, and the Emergence of Cooperation

June 15, 2008

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Book Review – Yuichi Shionoya

May 19, 2008

Here is a another review:

Economy and Morality – The Philosophy of the Welfare State (E.Elgar)
by Yuichi Shionoya.


Research and Teaching Online

February 13, 2008

Notes to myself:

How can we use the internet for teaching and research? Here are some thoughts on this.

1) Share your work with others, i.e. put your papers online so that others who might be interested can find them.

2) Post not just lecture notes but also your complete lectures (audio+video) online. I’ll try how this works next semester.

3) Use podcasts and videos to hear what others are saying, for example:

Duncan K. Foley, Distinguished Guest Lecture, HES 2008

Stephen Marglin on the Future of Capitalism

Robert Frank on his new book (youtube video)

Interview with Stuart Kauffman (video)

Reading Marx’s Capital with David Harvey

Lance Taylor: Can poor peoples’ income grow? (youtube video)

EconTalk, weekly economics podcasts hosted by Russ Roberts


Book Review – Joshua M. Epstein

December 18, 2007

For the newsletter of the European Association for Evolutionary Political Economy EAEPE I reviewed Joshua Epstein’s new book on agent-based modeling, Generative Social Science – Studies in Agent-Based Computational Modeling. Princeton: Princeton University Press. You can read the review in the EAEPE newsletter or download it here.


New School Economic Review

September 22, 2007

The new issue with focus on economic development is out now, you can find it here. The New School Economic Review is a student-run critical journal at the New School for Social Research.

NSER


Decentralized Exchange

September 7, 2007

A simple agent based model written in Mathematica. Agents are drawn randomly from a population and exchange goods. It shows that the relative price converges towards the MRS, although it might take a while (download here).


Book Review – Wray & Forstater

June 5, 2007

So this is a review of Wray&Forstater: Contemporary Post Keynesian Analysis. It will appear in the Review of Political Economy, January 2008. Wait till January, or read a preprint here.