Abstract

“Over a hundred years ago Thorstein Veblen expressed the view that the ontological or ‘metaphysical’ presuppositions of economics needed to be more realistic, a view that was a necessary part of his support for evolutionary thinking. When he was writing, though, evolutionary theorising in economics had been introduced in a rather incoherent manner resulting in an ontological mishmash - of a sort that led Veblen to coin the label neoclassical for those involved. As it happened evolutionary thinking never really took off in a coherent way in economics, and social ontological reasoning itself became somewhat marginalised. As I write, however, there are once more groups of scholars including economists developing systematic projects in social ontology. Now, however, the branch of non-social science attracting the most attention is quantum mechanics. An issue of interest that is explored here is whether the growing concern of economists with quantum insights will finally allow the specific ontological conception supported by Veblen to become established, facilitating, amongst other things, a turn to a coherent form of evolutionary thinking, or whether, as argued by some, it is more likely to lead to support for the ontological mix-up sustained by those Veblen labelled neoclassical.”