European Association for Evolutionary and Political Economy

The European Association for Evolutionary Political Economy (EAEPE) is a pluralist forum of social scientists that brings together the theorists and theoretical traditions to develop a more realistic and adequate approach to theory

Theory

The English word theory was derived from a technical term in Ancient Greek philosophy. The word theoria, , meant "a looking at, viewing, beholding", and referring to contemplation or speculation, as opposed to action...

and policy

Policy

A policy is typically described as a principle or rule to guide decisions and achieve rational outcome. The term is not normally used to denote what is actually done, this is normally referred to as either procedure or protocol...

Foundation

EAEPE was established in London, on 29 June 1988. However, the formal founding meeting was only held in September 1989 at the association's first annual conference in Keswick

Keswick, Cumbria

Keswick is a market town and civil parish within the Borough of Allerdale in Cumbria, England. It had a population of 4,984, according to the 2001 census, and is situated just north of Derwent Water, and a short distance from Bassenthwaite Lake, both in the Lake District National Park...

, Cumbria

Cumbria

Cumbria , is a non-metropolitan county in North West England. The county and Cumbria County Council, its local authority, came into existence in 1974 after the passage of the Local Government Act 1972. Cumbria's largest settlement and county town is Carlisle. It consists of six districts, and in...

, UK. At this occasion, the EAEPE Constitution was adopted and a Steering Committee was elected, changed later into the EAEPE Council.

In 1991, the association adopted a Scientific Development Plan in which several Research Areas were designated for coordination to the relevant scholars.

Aims and objectives

Breaking away from the formalist orthodox economics theorising, the association promotes heterodox

Heterodox economics

"Heterodox economics" refers to approaches or to schools of economic thought that are considered outside of "mainstream economics". Mainstream economists sometimes assert that it has little or no influence on the vast majority of academic economists in the English speaking world. "Mainstream...

evolutionary

Evolutionary economics

Evolutionary economics is part of mainstream economics as well as heterodox school of economic thought that is inspired by evolutionary biology...

, dynamic and realistic approaches to economic theory and policy

Economic policy

Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.Such policies are often...

Theoretical traditions

There is strong emphasis towards a wider research traditions of a range of scholars such as John Commons, Nicholas Kaldor

Nicholas Kaldor

Nicholas Kaldor, Baron Kaldor was one of the foremost Cambridge economists in the post-war period...

, Michal Kalecki

Michal Kalecki

Michał Kalecki was a Polish economist who specialized in macroeconomics of a broadly-defined Keynesian sort...

, William Kapp, John Maynard Keynes

John Maynard Keynes

John Maynard Keynes, Baron Keynes of Tilton, CB FBA , was a British economist whose ideas have profoundly affected the theory and practice of modern macroeconomics, as well as the economic policies of governments...

, Alfred Marshall

Alfred Marshall

Alfred Marshall was an Englishman and one of the most influential economists of his time. His book, Principles of Economics , was the dominant economic textbook in England for many years...

, Karl Marx

Karl Marx

Karl Heinrich Marx was a German philosopher, economist, sociologist, historian, journalist, and revolutionary socialist. His ideas played a significant role in the development of social science and the socialist political movement...

, Gunnar Myrdal

Gunnar Myrdal

Karl Gunnar Myrdal was a Swedish Nobel Laureate economist, sociologist, and politician. In 1974, he received the Nobel Memorial Prize in Economic Sciences with Friedrich Hayek for "their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the...

, Edith Penrose

Edith Penrose

Edith Elura Tilton Penrose was an American-born British economist whose best known work is The Theory of the Growth of the Firm, which describes the ways which firms grow and how fast they do. Writing in The Independent the economist Sir Alec Cairncross, stated that the book brought Dr...

, François Perroux

François Perroux

François Perroux was a French economist. He was named Professor at the Collège de France, after having taught at the University of Lyon and the University of Paris...

, Karl Polanyi

Karl Polanyi

Karl Paul Polanyi was a Hungarian philosopher, political economist and economic anthropologist known for his opposition to traditional economic thought and his book The Great Transformation...

, Joan Robinson

Joan Robinson

Joan Violet Robinson FBA was a post-Keynesian economist who was well known for her knowledge of monetary economics and wide-ranging contributions to economic theory...

, Joseph Schumpeter

Joseph Schumpeter

Joseph Alois Schumpeter was an Austrian-Hungarian-American economist and political scientist. He popularized the term "creative destruction" in economics.-Life:...

, Herbert Simon

Herbert Simon

Herbert Alexander Simon was an American political scientist, economist, sociologist, and psychologist, and professor—most notably at Carnegie Mellon University—whose research ranged across the fields of cognitive psychology, cognitive science, computer science, public administration, economics,...

, Adam Smith

Adam Smith

Adam Smith was a Scottish social philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations...

, Thorstein Veblen

Thorstein Veblen

Thorstein Bunde Veblen, born Torsten Bunde Veblen was an American economist and sociologist, and a leader of the so-called institutional economics movement...

and Max Weber

Max Weber

Karl Emil Maximilian "Max" Weber was a German sociologist and political economist who profoundly influenced social theory, social research, and the discipline of sociology itself...

to institutionalist and evolutionary thought.

Publications

The association regularly publishes a series of conference volumes as well as volumes on specific topics. Additionally:

A biennial newsletter is published (since 1989)
A periodic Journal of Institutional Economics (JOIE) is devoted to the study of the nature, role and evolution of institutions in the economy

Awards

The association runs three annually awarded prizes:

The K. William Kapp Prize, for the best article on a theme broadly in accord with the EAEPE Theoretical Perspectives (in cooperation with the William Kapp Foundation)
The Gunnar Myrdal Prize, for the best monograph on a theme broadly in accord with the EAEPE Theoretical Perspectives
The Herbert Simon Young Scholar Prize, for the best conference paper by a young scholar.

Foundation

Aims and objectives

Theoretical traditions

Publications

Awards

See also