Challenging Mainline Economics-Contributions of Kenneth Boulding

Contributions of Kenneth Boulding Pradeep Banerjee Economics is yet to discover a methodology that is appropriate to its subject matter. The equilibrium models of mainstream economics can be applied to static states and closed systems, but the real world is dynamic and open. The work of Kenneth Boulding. particularly his preference for an evolutionary model of the economy, can contribute much to the search for an alternative perspective.