“In some respects this is intended to be a revolutionary book, but in other respects it is very traditional indeed. It is revolutionary in that we have developed a comprehensive analytical framework to examine and explain the rise of the Western world; a framework consistent with and complementary to standard neoclassical economic theory.”

Source: The rise of the western world, 1973, p. vii, Preface

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Douglass C. North18

American Economist 1920–2015

Walter F. Buckley (1922–2006) American sociologist

Source: Sociology and modern systems theory (1967), p. vii.

“While economic theory in general may be defined as the theory of how an economic condition or an economic development is determined within an institutional framework, the welfare theory deals with how to judge whether one condition can be said to be better in some way than another and whether it is possible, by altering the institutional framework, to achieve a better condition than the present one.”

John Hicks (1904–1989) British economist

Kenneth Arrow and John Hicks (1972) From Nobel Lectures, Economics 1969-1980, Editor Assar Lindbeck, World Scientific Publishing Co., Singapore, 1992 ( online http://www.nobelprize.org/nobel_prizes/economics/laureates/1972/presentation-speech.html)

Kenneth Arrow (1921–2017) American economist

Arrow and Hicks (1972) From Nobel Lectures, Economics 1969-1980, Editor Assar Lindbeck, World Scientific Publishing Co., Singapore, 1992 ( online http://www.nobelprize.org/nobel_prizes/economics/laureates/1972/presentation-speech.html) <br class="br">1970s-1980s

“Knowledge management often generates theories that are too general or abstract to be easily testable. In some cases, simulation modeling can help. [WE have developed] an agent-based simulation model derived from a conceptual framework, the Information Space or I-Space and use it to explore the differences between a neoclassical and a Schumpeterian information environment.”

Max Boisot (1943–2011) British academic and educator

Boisot, M. H., Canals, A., & MacMillan, I. (2004). " Simulating I-Space (SIS): An agent-based approach to modeling knowledge flows http://entrepreneurship.wharton.upenn.edu/research/simispace3_200405.pdf." Working papers of the Sol C. Snider Entrepreneurial Research Center, Wharton School, University of Pennsylvania.

“Haavelmo was the ﬁrst to recognize the capacity of economic models to guide policies. This paper describes some of the barriers that Haavelmo’s ideas have had (and still have) to overcome, and lays out a logical framework that has evolved from Haavelmo’s insight and matured into a coherent and comprehensive account of the relationships between theory, data and policy questions. The mathematical tools that emerge from this framework now enable investigators to answer complex policy and counterfactual questions using simple routines, some by mere inspection of the model’s structure.”

Judea Pearl (1936) Computer scientist

Judea Pearl, "Trygve Haavelmo and the emergence of causal calculus." University of California Los Angeles, Computer Science Department, CA. 2012.

Stephen F Bush

Bush, Stephen F., Keynote Speech, First IEEE International Conference on Communications 2012 Workshop on Telecommunications: From Research to Standards July 18, 2012.