Skip to main content Accessibility help
×
Hostname: page-component-7479d7b7d-fwgfc Total loading time: 0 Render date: 2024-07-11T06:22:55.053Z Has data issue: false hasContentIssue false

2 - The rediscovery of value and the opening of economics

Published online by Cambridge University Press:  22 September 2009

Ilya Prigogine
Affiliation:
Professor of Physics International Solvay Institutes, The Université Libre de Bruxelles, Brussels Belgium; Director of the Ilya Prigogine Center for Studies in Statistical Mechanics and Complex Systems, The University of Texas at Austin, Austin, Texas, United States
Kurt Dopfer
Affiliation:
Universität St Gallen, Switzerland
Get access

Summary

The open universe

It is only in the nineteenth century that we find a discipline called ‘economic science’. At this time, the Western world was dominated by Cartesian dualism. On one side there was matter, ‘res extensa’, described by deterministic laws, while on the other there was ‘res cogitans’, associated with the human mind. It was accepted that there was a fundamental distinction between the physical world and the spiritual – the world of human values. When Thomas Hooke drew up the statutes of the Royal Society in 1663, he inscribed as the objective ‘to improve the knowledge of natural things, and all useful Arts, Manufactures’, adding the phrase ‘not meddling with Divinity, Metaphysics, Moralls, Politicks, Grammar, Rhetoricks, or Logick’. These statutes incarnated already the division of the ways of knowing into what C. P. Snow would later call the ‘two cultures’. This separation of the two cultures rapidly assumed the flavour of a hierarchy, at least in the eyes of scientists. On one side, we had the laws of nature, of which Newton's second law (acceleration proportional to force) was the foremost example. These laws (including today quantum mechanics and relativity) have two general aspects. They are deterministic (if you know the initial conditions, both future and past are determined) and time-reversible. Past and future play the same role. Therefore, science was associated with certainty.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2005

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Koyré, A. (1968), Newtonian Studies, Chicago: University of Chicago Press
Prigogine, I. (1945), ‘Etude thermodynamique des phénomènes irreversibles’, Bull. Acad. Roy. Belg. 31: 600Google Scholar
Prigogine, I., and I. Stengers (1993), Das Paradox der Zeit, Munich: Piper

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • The rediscovery of value and the opening of economics
    • By Ilya Prigogine, Professor of Physics International Solvay Institutes, The Université Libre de Bruxelles, Brussels Belgium; Director of the Ilya Prigogine Center for Studies in Statistical Mechanics and Complex Systems, The University of Texas at Austin, Austin, Texas, United States
  • Edited by Kurt Dopfer, Universität St Gallen, Switzerland
  • Book: The Evolutionary Foundations of Economics
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492297.002
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • The rediscovery of value and the opening of economics
    • By Ilya Prigogine, Professor of Physics International Solvay Institutes, The Université Libre de Bruxelles, Brussels Belgium; Director of the Ilya Prigogine Center for Studies in Statistical Mechanics and Complex Systems, The University of Texas at Austin, Austin, Texas, United States
  • Edited by Kurt Dopfer, Universität St Gallen, Switzerland
  • Book: The Evolutionary Foundations of Economics
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492297.002
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The rediscovery of value and the opening of economics
    • By Ilya Prigogine, Professor of Physics International Solvay Institutes, The Université Libre de Bruxelles, Brussels Belgium; Director of the Ilya Prigogine Center for Studies in Statistical Mechanics and Complex Systems, The University of Texas at Austin, Austin, Texas, United States
  • Edited by Kurt Dopfer, Universität St Gallen, Switzerland
  • Book: The Evolutionary Foundations of Economics
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492297.002
Available formats
×