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EVOLUTIONARY ECONOMICS
This authoritative collection of articles presents the most significant contributions from pioneering pieces to recent research papers. It documents a broad range of problems and a variety of methods that are characteristic of the evolutionary approach. A new introductory chapter surveys the main features of evolutionary economics and outlines its major achievements.
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Critical Acclaim
Contents
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Evolutionary economics has gained increasing attention during the last two decades as a major heterodox approach in economic theory. However, the roots of this important school of thought can be traced back to the beginnings of the 20th century.
This authoritative collection of articles presents the most significant contributions from pioneering pieces to recent research papers. It documents a broad range of problems and a variety of methods that are characteristic of the evolutionary approach. A new introductory chapter surveys the main features of evolutionary economics and outlines its major achievements.
The book presents many articles and papers that are not easily accessible. It will be an essential reference source for students, instructors and researchers in economics and in other social sciences interested in the idea of evolution in the realm socio-economic phenomena.
This authoritative collection of articles presents the most significant contributions from pioneering pieces to recent research papers. It documents a broad range of problems and a variety of methods that are characteristic of the evolutionary approach. A new introductory chapter surveys the main features of evolutionary economics and outlines its major achievements.
The book presents many articles and papers that are not easily accessible. It will be an essential reference source for students, instructors and researchers in economics and in other social sciences interested in the idea of evolution in the realm socio-economic phenomena.
Critical Acclaim
‘The editor has brought together an excellent collection of 25 essays. Overall the editor is to be congratulated in bringing together a superb collection of essays in the field, and for providing a very informative introduction. Given the increasing interest in evolutionary economics, this volume is a must for every economics library.’
– Geoffrey Hodgson, The Economic Journal
– Geoffrey Hodgson, The Economic Journal
Contents
INTRODUCTION
PART I: SCHUMPETERIAN THEMES
J. A. Schumpeter (1947), ‘The Creative Response in Economic History’
J. A. Schumpeter (1928), ‘The Instability of Capitalism’
C. Freeman (1990), ‘Schumpeter’s Business Cycles Revisted’
PART II: ECONOMIC NATURAL SELECTION AND FIRM AND INDUSTRY BEHAVIOR
A. A. Alchian (1950), ‘Uncertainty, Evolution, and Economic Theory’
S. G. Winter (1971), ‘Satisficing, Selection and the Innovating Remnant’
R. R. Nelson and S. G. Winter (1980), ‘Firm and Industry Response to Changed Market Conditions: An Evolutionary Approach’
K. Iwai (1984), ‘Schumpeterian Dynamics - An Evolutionary Model of Innovation and Imitation’
PART III: BROADER BIOLOGICAL ANALOGIES
R. C. O. Matthews (1984), ‘Darwinism and Economic Change’
J. M. Gowdy (1985), ‘Evolutionary Theory and Economic Theory: Some Methodological Issues’
J. Hirshleifer (1982), ‘Evolutionary Models in Economics and Law: Cooperation versus Conflict Strategy’
PART IV: PATH-DEPENDENCY AND BIFURICATIONS: ASPECTS OF NON-LINEAR DYNAMICS
W. B. Arthur, Y. M. Ermoliev and Y. M. Kaniovski (1987), ‘Path-dependent Processes and the Emergence of Macro-structure’
P. A. David (1985), ‘Clio and the Economics of QWERTY’
T. Kuran (1989), ‘Sparks and Prairie Fires: A Theory of Unanticipated Political Revolution’
G. Haag, W. Weidlich and G. Mensch (1987), ‘The Schumpeter Clock’
PART V: KNOWLEDGE, INNOVATION, AND COMPETITION
B. Loasby (1983), ‘Knowledge, Learning and Enterprise’
S. Metcalfe (1989), ‘Evolution and Economic Change’
F. A. Hayek (1978), ‘Competition as a Discovery Procedure’
U. Witt (1985), ‘Coordination of Individual Economic Activities as an Evolving Process of Self-organization’
PART VI: CULTURAL EVOLUTION AND SPONTANEOUS ORDER
R. Boyd and P. J. Richerson (1980), ‘Sociobiology, Culture and Economic Theory’
F. A. Hayek (1967), ‘Notes on the Evolution of Systems of Rules of Conduct’
V. Vanberg (1986), ‘Spontaneous Market Order and Social Rules: A Critical Examination of F. A. Hayek’s Theory of Cultural Evolution’
R. Sugden (1989), ‘Spontaneous Order’
PART VII: ECONOMIC GROWTH AND DEVELOPMENT IN THE LONG RUN
K. E. Boulding (1981), ‘The Basic Evolutionary Model’
C. Marcetti (1980), ‘Society as a Learning System: Discovery, Invention and Innovation Cycles Revisited’
R. H. Day and J. -L. Walter (1989), ‘Economic Growth in the Very Long Run: On the Multiple-phase Interaction of Population, technology and Social Infrastructure’
PART I: SCHUMPETERIAN THEMES
J. A. Schumpeter (1947), ‘The Creative Response in Economic History’
J. A. Schumpeter (1928), ‘The Instability of Capitalism’
C. Freeman (1990), ‘Schumpeter’s Business Cycles Revisted’
PART II: ECONOMIC NATURAL SELECTION AND FIRM AND INDUSTRY BEHAVIOR
A. A. Alchian (1950), ‘Uncertainty, Evolution, and Economic Theory’
S. G. Winter (1971), ‘Satisficing, Selection and the Innovating Remnant’
R. R. Nelson and S. G. Winter (1980), ‘Firm and Industry Response to Changed Market Conditions: An Evolutionary Approach’
K. Iwai (1984), ‘Schumpeterian Dynamics - An Evolutionary Model of Innovation and Imitation’
PART III: BROADER BIOLOGICAL ANALOGIES
R. C. O. Matthews (1984), ‘Darwinism and Economic Change’
J. M. Gowdy (1985), ‘Evolutionary Theory and Economic Theory: Some Methodological Issues’
J. Hirshleifer (1982), ‘Evolutionary Models in Economics and Law: Cooperation versus Conflict Strategy’
PART IV: PATH-DEPENDENCY AND BIFURICATIONS: ASPECTS OF NON-LINEAR DYNAMICS
W. B. Arthur, Y. M. Ermoliev and Y. M. Kaniovski (1987), ‘Path-dependent Processes and the Emergence of Macro-structure’
P. A. David (1985), ‘Clio and the Economics of QWERTY’
T. Kuran (1989), ‘Sparks and Prairie Fires: A Theory of Unanticipated Political Revolution’
G. Haag, W. Weidlich and G. Mensch (1987), ‘The Schumpeter Clock’
PART V: KNOWLEDGE, INNOVATION, AND COMPETITION
B. Loasby (1983), ‘Knowledge, Learning and Enterprise’
S. Metcalfe (1989), ‘Evolution and Economic Change’
F. A. Hayek (1978), ‘Competition as a Discovery Procedure’
U. Witt (1985), ‘Coordination of Individual Economic Activities as an Evolving Process of Self-organization’
PART VI: CULTURAL EVOLUTION AND SPONTANEOUS ORDER
R. Boyd and P. J. Richerson (1980), ‘Sociobiology, Culture and Economic Theory’
F. A. Hayek (1967), ‘Notes on the Evolution of Systems of Rules of Conduct’
V. Vanberg (1986), ‘Spontaneous Market Order and Social Rules: A Critical Examination of F. A. Hayek’s Theory of Cultural Evolution’
R. Sugden (1989), ‘Spontaneous Order’
PART VII: ECONOMIC GROWTH AND DEVELOPMENT IN THE LONG RUN
K. E. Boulding (1981), ‘The Basic Evolutionary Model’
C. Marcetti (1980), ‘Society as a Learning System: Discovery, Invention and Innovation Cycles Revisited’
R. H. Day and J. -L. Walter (1989), ‘Economic Growth in the Very Long Run: On the Multiple-phase Interaction of Population, technology and Social Infrastructure’