chapter  1
63 Pages

PHILOSOPHICAL ORIGINS OF OPEN-SYSTEMS ECONOMIC ANALYSIS

From the Age of Reason there emerged an atomistic and naturalistic philosophy of man distinct from the long-held Aristotelian and ethical perspectives. While that philosophy eventually manifested itself in liberal political tendencies, with the transformation of society that attended the Industrial Revolution, it also permeated economic thought. Moreover, two general themes may be identified throughout the development of economic thought-the occasionally suppressed, but nonetheless recurrent, substantive and institutional perspective and the inveterate mechanical paradigm.1