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A Companion to the History of Economic Thought - Chapter 37

C H A P T E R T H I R T Y - S E V E N The International Diffusion of Economic Thought Nowadays, any mention of the problem of the international diffusion of economic thought would seem to dispense with the need for justification or explanation. Indeed, the very conditions and forms under which economic knowledge is produced | CHAPTER THIRTY-SEVEN The International Diffusion of Economic Thought José Luís Cardoso 37.1 The Historiographic Legacy Nowadays any mention of the problem of the international diffusion of economic thought would seem to dispense with the need for justification or explanation. Indeed the very conditions and forms under which economic knowledge is produced and circulated inevitably imply processes of creation and sharing in which geographical and language barriers have been progressively eliminated. The standardized levels of conceptual formalization and the almost unanimous acceptance of similar techniques and instruments of analysis have made a decisive contribution toward the formation of universal languages with a high potential for international communication. Above all attention needs to be drawn to the ease with which new research avenues and hypotheses are transmitted and disseminated together with new experiments and results and new knowledge about economic reality. There is nothing original in claiming that the international transmission of economic thought is a normal and recurrent phenomenon. Almost half a century ago this diagnosis was presented by T. W. Hutchison With the vastly increased number of translations and of widely circulating specialist journals including international journals and with the increasingly mathematical character of advanced economic analysis it seems on the whole very unlikely that good new ideas whenever or wherever they do arise will not have a reasonably fair chance of being heard and of making their way . Economists are now part even The International Diffusion of Economic Thought 623 often from their undergraduate years of large organised internationally-linked academic machines with their subjects closely organised and defined and their questions and categories ready formulated. 1955 pp. 14-15 If we consider the dramatic growth in communication instruments at the disposal of the academic community over the past .