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The New Evolutionary Economics
This three volume set gathers together selected key articles in evolutionary economics, ordering these into the domains of micro analysis (concerned with agents), meso analysis (concerned with rule populations and trajectories) and macro analysis (concerned with the structure and development of the whole economy).
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Contributors
Contents
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This three volume set gathers together selected key articles in evolutionary economics, ordering these into the domains of micro analysis (concerned with agents), meso analysis (concerned with rule populations and trajectories) and macro analysis (concerned with the structure and development of the whole economy). This authoritative collection, with an original introduction by the editors, will be of interest to scholars and researchers seeking to understand how evolutionary economics fits together and to advance such an integrated approach.
Contributors
77 articles dating from 1976 to 2012
Contributors include: U. Cantner, G. Dosi, J. Foster, D.A. Lane, J.S. Metcalfe, R.R. Nelson, A. Pyka, H. Simon, S.G. Winter, U. Witt
Contributors include: U. Cantner, G. Dosi, J. Foster, D.A. Lane, J.S. Metcalfe, R.R. Nelson, A. Pyka, H. Simon, S.G. Winter, U. Witt
Contents
Contents:
Volume I: Evolutionary Microeconomics
Acknowledgements
Introduction Kurt Dopfer and Jason Potts
PART I THE AGENT
1. John B. Davis (2008), ‘Complex Individuals: The Individual in Non-Euclidian Space’
2. David Lane, Franco Malerba, Robert Maxfield and Luigi Orsenigo (1996), ‘Choice and Action’
3. Félix-Fernando Muñoz, María-Isabel Encinar and Carolina Cañibano (2011), ‘On the Role of Intentionality in Evolutionary Economic Change’
4. Caroline Gerschlager (2012), ‘Agents of Change’
5. Thomas Grebel, Andreas Pyka and Horst Hanusch (2003), ‘An Evolutionary Approach to the Theory of Entrepreneurship’
6. Anthony M. Endres and Christine R. Woods (2010), ‘Schumpeter’s “Conduct Model of the Dynamic Entrepreneur”: Scope and Distinctiveness’
7. Giovanni Dosi, Luigi Marengo and Giorgio Fagiolo (2005), ‘Learning in Evolutionary Environments’
PART II FIRM AND HOUSEHOLD
8. Richard R. Nelson and Davide Consoli (2010), ‘An Evolutionary Theory of Household Consumption Behavior’
9. Ulrich Witt (2001), ‘Learning to Consume – A Theory of Wants and the Growth of Demand’
10. Gunnar Eliasson (1990), ‘The Firm as a Competent Team’
11. Sidney G. Winter (2006), ‘Toward a Neo-Schumpeterian Theory of the Firm’
12. Richard N. Langlois (2002), ‘Modularity in Technology and Organization’
13. Herbert A. Simon (2005), ‘Darwinism, Altruism and Economics’
PART III AGENT-BASED MODELS
14. Leigh Tesfatsion (2002), ‘Agent-Based Computational Economics: Growing Economies From the Bottom Up’
15. Andreas Pyka and Giorgio Fagiolo (2007), ‘Agent-Based Modelling: A Methodology for Neo-Schumpeterian Economics’
16. David A. Lane (1993), ‘Artificial Worlds and Economics, Part I’
17. David A. Lane (1993), ‘Artificial Worlds and Economics, Part II’
PART IV NOVELTY AND CHANGE
18. Katherine Nelson and Richard R. Nelson (2002), ‘On the Nature and Evolution of Human Know-How’
19. Ulrich Witt (2009), ‘Novelty and the Bounds of Unknowledge in Economics’
20. David A. Lane and Robert R. Maxfield (2005), ‘Ontological Uncertainty and Innovation’
21. Thomas Grebel (2009), ‘Technological Change: A Microeconomic Approach to the Creation of Knowledge’
Volume II: Evolutionary Mesooeconomics
Introduction Kurt Dopfer and Jason Potts
PART I ANALYTICAL FRAMEWORK
1. Kurt Dopfer, John Foster and Jason Potts (2004), ‘Micro–Meso–Macro’
2. Elinor Ostrom and Xavier Basurto (2011), ‘Crafting Analytical Tools to Study Institutional Change’
3. Olivier Brette and Caroline Mehier (2008), ‘Building on the Micro–Meso–Macro Evolutionary Framework: The Stakes for the Analysis of Clusters of Innovation’
PART II POPULATION THINKING AND VARIETY
4. John Stanley Metcalfe (2008), ‘Accounting for Economic Evolution: Fitness and the Population Method’
5. Uwe Cantner and Jens J. Krüger (2008), ‘Micro-Heterogeneity and Aggregate Productivity Development in the German Manufacturing Sector: Results from a Decomposition Exercise’
PART III SCHUMPETERIAN THEMES
6. Horst Hanusch and Andreas Pyka (2007), ‘Principles of Neo-Schumpeterian Economics’
7. Esben Sloth Andersen (2008), ‘Fundamental Fields of Post-Schumpeterian Evolutionary Economics’
8. Alain Alcouffe and Thomas Kuhn (2004), ‘Schumpeterian Endogenous Growth Theory and Evolutionary Economics’
9. Kurt Dopfer (2012), ‘The Origins of Meso Economics: Schumpeter’s Legacy and Beyond’
PART IV SECTORAL DYNAMICS
10. Witold Kwasnicki and Halina Kwasnicki (1992), ‘Market, Innovation, Competition: An Evolutionary Model of Industrial Dynamics’
11. Sidney G. Winter, Yuri M. Kaniovski and Giovanni Dosi (2003), ‘A Baseline Model of Industry Evolution’
12. Franco Malerba (2006), ‘Innovation and the Evolution of Industries’
13. Andreas Pyka (2000), ‘Informal Networking and Industrial Life Cycles’
14. Uwe Cantner and Georg Westermann (1998), ‘Localized Technological Progress and Industry Structure: An Empirical Approach’
15. Steven Klepper (1997), ‘Industrial Life Cycles’
16. Johann Peter Murmann and Koen Frenken (2006), ‘Toward a Systematic Framework for Research on Dominant Designs, Technological Innovations, and Industrial Change’
17. Simona Iammarino and Philip McCann (2006), ‘The Structure and Evolution of Industrial Clusters: Transactions, Technology and Knowledge Spillovers’
PART V SELECTION AND PATH DEPENDENCE
18. Thorbjørn Knudsen (2002), ‘Economic Selection Theory’
19. Jeroen C.J.M. van den Bergh and John M. Gowdy (2009), ‘A Group Selection Perspective on Economic Behavior, Institutions and Organizations’
20. Nathalie Lazaric and Alain Raybaut (2005), ‘Knowledge, Hierarchy and the Selection of Routines: An Interpretative Model with Group Interactions’
21. Koen Frenken, Paolo P. Saviotti and Michel Trommetter (1999), ‘Variety and Niche Creation in Aircraft, Helicopters, Motorcycles and Microcomputers’
22. Paul A. David (2005), ‘Path Dependence in Economic Processes: Implications for Policy Analysis in Dynamical System Contexts’
23. W. Brian Arthur (1989), ‘Competing Technologies, Increasing Returns, and Lock-In by Historical Events’
24. Ron Martin and Peter Sunley (2010), ‘The Place of Path Dependence in an Evolutionary Perspective on the Economic Landscape’
PART VI INSTITUTIONS
25. Richard R. Nelson and Bhaven N. Sampat (2001), ‘Making Sense of Institutions as a Factor Shaping Economic Performance’
26. Jason Potts (2007), ‘Evolutionary Institutional Economics’
27. Geoffrey M. Hodgson (1997), ‘The Ubiquity of Habits and Rules’
28. Richard R. Nelson (2008), ‘What Enables Rapid Economic Progress: What are the Needed Institutions?’
29. Wolfram Elsner (2010), ‘The Process and a Simple Logic of “Meso”. Emergence and the Co-Evolution of Institutions and Group Size’
Volume III: Evolutionary Macroeconomics
Acknowledgements
Introduction Kurt Dopfer and Jason Potts
PART I SYSTEMS VIEW AND SYNTHESIS
1. Richard P.F. Holt, J. Barkley Rosser, Jr. and David Colander (2010), ‘The Complexity Era in Economics’
2. Peter M. Allen (2005), ‘Understanding Social and Economic Systems as Evolutionary Complex Systems’
3. Sylvie Geisendorf (2009), ‘The Economic Concept of Evolution: Self-Organization or Universal Darwinism?’
PART II EVOLUTIONARY MACROECONOMIC PERSPECTIVES
4. John Foster (2011), ‘Evolutionary Macroeconomics: A Research Agenda’
5. Domenico Delli Gatti, Edoardo Gaffeo and Mauro Gallegati (2010), ‘Complex Agent-Based Macroeconomics: A Manifesto for a New Paradigm’
6. Bart Verspagen (2002), ‘Evolutionary Macroeconomics: A Synthesis between Neo-Schumpeterian and Post-Keynesian Lines of Thought’
7. Giovanni Dosi, Giorgio Fagiolo and Andrea Roventini (2010), ‘Schumpeter Meeting Keynes: A Policy-Friendly Model of Endogenous Growth and Business Cycles’
8. Ping Chen (2005), ‘Evolutionary Economic Dynamics: Persistent Cycles, Disruptive Technology and the Trade-Off Between Stability and Complexity’
PART III MACRO STRUCTURE
9. Fulvio Castellacci (2009), ‘The Interactions between National Systems and Sectoral Patterns of Innovation: A Cross-Country Analysis of Pavitt’s Taxonomy’
10. Pier Paolo Saviotti and Andreas Pyka (2008), ‘Micro and Macro Dynamics: Industry Life Cycles, Inter-Sector Coordination and Aggregate Growth’
11. Michael Peneder (2003), ‘Industrial Structure and Aggregate Growth’
PART IV EVOLUTIONARY GROWTH AND DEVELOPMENT THEORY
12. Richard R. Nelson (2008), ‘Economic Development from the Perspective of Evolutionary Economic Theory’
13. J. Stanley Metcalfe (2001), ‘Evolutionary Approaches to Population Thinking and the Problem of Growth and Development’
14. Gerald Silverberg and Bart Verspagen (2005), ‘Evolutionary Theorizing on Economic Growth’
15. J. Stanley Metcalfe, John Foster and Ronnie Ramlogan (2006), ‘Adaptive Econiomic Growth’
16. Pier Paolo Saviotti and Andreas Pyka (2004), ‘Economic Development, Qualitative Change and Employment Creation’
PART V NATIONAL INNOVATION SYSTEMS
17. Bengt Åke Lundvall (1988), ‘Innovation as an Interactive Process: From User-Producer Interaction to the National System of Innovation’
18. Chris Freeman (1995), ‘The “National System of Innovation” in Historical Perspective’
19. Tim Kastelle, Jason Potts and Mark Dodgson (2010), ‘The Evolution of Innovation Systems’
PART VI EVOLUTIONARY ECONOMIC POLICY
20. Ulrich Witt (2003), ‘Economic Policy Making in Evolutionary Perspective’
21. Uwe Cantner and Andreas Pyka (2001), ‘Classifying Technology Policy from an Evolutionary Perspective’
22. Bengt Åke Lundvall and Susana Borrás (2005), ‘Science, Technology, and Innovation Policy’
23. Uwe Cantner, Bernd Ebersberger, Horst Hanusch, Jens J. Krüger and Andreas Pyka (2004), ‘The Twin Peaks in National Income: Parametric and Nonparametric Estimates’
24. Carlota Perez (1985), ‘Microelectronics, Long Waves and World Structural Change: New Perspectives for Developing Countries’
25. Dan Johansson (2010), ‘The Theory of the Experimentally Organized Economy and Competence Blocs: An Introduction’
26. Kurt Dopfer and Jason Potts (2008), ‘Macro Dynamics, Growth and Development’
Volume I: Evolutionary Microeconomics
Acknowledgements
Introduction Kurt Dopfer and Jason Potts
PART I THE AGENT
1. John B. Davis (2008), ‘Complex Individuals: The Individual in Non-Euclidian Space’
2. David Lane, Franco Malerba, Robert Maxfield and Luigi Orsenigo (1996), ‘Choice and Action’
3. Félix-Fernando Muñoz, María-Isabel Encinar and Carolina Cañibano (2011), ‘On the Role of Intentionality in Evolutionary Economic Change’
4. Caroline Gerschlager (2012), ‘Agents of Change’
5. Thomas Grebel, Andreas Pyka and Horst Hanusch (2003), ‘An Evolutionary Approach to the Theory of Entrepreneurship’
6. Anthony M. Endres and Christine R. Woods (2010), ‘Schumpeter’s “Conduct Model of the Dynamic Entrepreneur”: Scope and Distinctiveness’
7. Giovanni Dosi, Luigi Marengo and Giorgio Fagiolo (2005), ‘Learning in Evolutionary Environments’
PART II FIRM AND HOUSEHOLD
8. Richard R. Nelson and Davide Consoli (2010), ‘An Evolutionary Theory of Household Consumption Behavior’
9. Ulrich Witt (2001), ‘Learning to Consume – A Theory of Wants and the Growth of Demand’
10. Gunnar Eliasson (1990), ‘The Firm as a Competent Team’
11. Sidney G. Winter (2006), ‘Toward a Neo-Schumpeterian Theory of the Firm’
12. Richard N. Langlois (2002), ‘Modularity in Technology and Organization’
13. Herbert A. Simon (2005), ‘Darwinism, Altruism and Economics’
PART III AGENT-BASED MODELS
14. Leigh Tesfatsion (2002), ‘Agent-Based Computational Economics: Growing Economies From the Bottom Up’
15. Andreas Pyka and Giorgio Fagiolo (2007), ‘Agent-Based Modelling: A Methodology for Neo-Schumpeterian Economics’
16. David A. Lane (1993), ‘Artificial Worlds and Economics, Part I’
17. David A. Lane (1993), ‘Artificial Worlds and Economics, Part II’
PART IV NOVELTY AND CHANGE
18. Katherine Nelson and Richard R. Nelson (2002), ‘On the Nature and Evolution of Human Know-How’
19. Ulrich Witt (2009), ‘Novelty and the Bounds of Unknowledge in Economics’
20. David A. Lane and Robert R. Maxfield (2005), ‘Ontological Uncertainty and Innovation’
21. Thomas Grebel (2009), ‘Technological Change: A Microeconomic Approach to the Creation of Knowledge’
Volume II: Evolutionary Mesooeconomics
Introduction Kurt Dopfer and Jason Potts
PART I ANALYTICAL FRAMEWORK
1. Kurt Dopfer, John Foster and Jason Potts (2004), ‘Micro–Meso–Macro’
2. Elinor Ostrom and Xavier Basurto (2011), ‘Crafting Analytical Tools to Study Institutional Change’
3. Olivier Brette and Caroline Mehier (2008), ‘Building on the Micro–Meso–Macro Evolutionary Framework: The Stakes for the Analysis of Clusters of Innovation’
PART II POPULATION THINKING AND VARIETY
4. John Stanley Metcalfe (2008), ‘Accounting for Economic Evolution: Fitness and the Population Method’
5. Uwe Cantner and Jens J. Krüger (2008), ‘Micro-Heterogeneity and Aggregate Productivity Development in the German Manufacturing Sector: Results from a Decomposition Exercise’
PART III SCHUMPETERIAN THEMES
6. Horst Hanusch and Andreas Pyka (2007), ‘Principles of Neo-Schumpeterian Economics’
7. Esben Sloth Andersen (2008), ‘Fundamental Fields of Post-Schumpeterian Evolutionary Economics’
8. Alain Alcouffe and Thomas Kuhn (2004), ‘Schumpeterian Endogenous Growth Theory and Evolutionary Economics’
9. Kurt Dopfer (2012), ‘The Origins of Meso Economics: Schumpeter’s Legacy and Beyond’
PART IV SECTORAL DYNAMICS
10. Witold Kwasnicki and Halina Kwasnicki (1992), ‘Market, Innovation, Competition: An Evolutionary Model of Industrial Dynamics’
11. Sidney G. Winter, Yuri M. Kaniovski and Giovanni Dosi (2003), ‘A Baseline Model of Industry Evolution’
12. Franco Malerba (2006), ‘Innovation and the Evolution of Industries’
13. Andreas Pyka (2000), ‘Informal Networking and Industrial Life Cycles’
14. Uwe Cantner and Georg Westermann (1998), ‘Localized Technological Progress and Industry Structure: An Empirical Approach’
15. Steven Klepper (1997), ‘Industrial Life Cycles’
16. Johann Peter Murmann and Koen Frenken (2006), ‘Toward a Systematic Framework for Research on Dominant Designs, Technological Innovations, and Industrial Change’
17. Simona Iammarino and Philip McCann (2006), ‘The Structure and Evolution of Industrial Clusters: Transactions, Technology and Knowledge Spillovers’
PART V SELECTION AND PATH DEPENDENCE
18. Thorbjørn Knudsen (2002), ‘Economic Selection Theory’
19. Jeroen C.J.M. van den Bergh and John M. Gowdy (2009), ‘A Group Selection Perspective on Economic Behavior, Institutions and Organizations’
20. Nathalie Lazaric and Alain Raybaut (2005), ‘Knowledge, Hierarchy and the Selection of Routines: An Interpretative Model with Group Interactions’
21. Koen Frenken, Paolo P. Saviotti and Michel Trommetter (1999), ‘Variety and Niche Creation in Aircraft, Helicopters, Motorcycles and Microcomputers’
22. Paul A. David (2005), ‘Path Dependence in Economic Processes: Implications for Policy Analysis in Dynamical System Contexts’
23. W. Brian Arthur (1989), ‘Competing Technologies, Increasing Returns, and Lock-In by Historical Events’
24. Ron Martin and Peter Sunley (2010), ‘The Place of Path Dependence in an Evolutionary Perspective on the Economic Landscape’
PART VI INSTITUTIONS
25. Richard R. Nelson and Bhaven N. Sampat (2001), ‘Making Sense of Institutions as a Factor Shaping Economic Performance’
26. Jason Potts (2007), ‘Evolutionary Institutional Economics’
27. Geoffrey M. Hodgson (1997), ‘The Ubiquity of Habits and Rules’
28. Richard R. Nelson (2008), ‘What Enables Rapid Economic Progress: What are the Needed Institutions?’
29. Wolfram Elsner (2010), ‘The Process and a Simple Logic of “Meso”. Emergence and the Co-Evolution of Institutions and Group Size’
Volume III: Evolutionary Macroeconomics
Acknowledgements
Introduction Kurt Dopfer and Jason Potts
PART I SYSTEMS VIEW AND SYNTHESIS
1. Richard P.F. Holt, J. Barkley Rosser, Jr. and David Colander (2010), ‘The Complexity Era in Economics’
2. Peter M. Allen (2005), ‘Understanding Social and Economic Systems as Evolutionary Complex Systems’
3. Sylvie Geisendorf (2009), ‘The Economic Concept of Evolution: Self-Organization or Universal Darwinism?’
PART II EVOLUTIONARY MACROECONOMIC PERSPECTIVES
4. John Foster (2011), ‘Evolutionary Macroeconomics: A Research Agenda’
5. Domenico Delli Gatti, Edoardo Gaffeo and Mauro Gallegati (2010), ‘Complex Agent-Based Macroeconomics: A Manifesto for a New Paradigm’
6. Bart Verspagen (2002), ‘Evolutionary Macroeconomics: A Synthesis between Neo-Schumpeterian and Post-Keynesian Lines of Thought’
7. Giovanni Dosi, Giorgio Fagiolo and Andrea Roventini (2010), ‘Schumpeter Meeting Keynes: A Policy-Friendly Model of Endogenous Growth and Business Cycles’
8. Ping Chen (2005), ‘Evolutionary Economic Dynamics: Persistent Cycles, Disruptive Technology and the Trade-Off Between Stability and Complexity’
PART III MACRO STRUCTURE
9. Fulvio Castellacci (2009), ‘The Interactions between National Systems and Sectoral Patterns of Innovation: A Cross-Country Analysis of Pavitt’s Taxonomy’
10. Pier Paolo Saviotti and Andreas Pyka (2008), ‘Micro and Macro Dynamics: Industry Life Cycles, Inter-Sector Coordination and Aggregate Growth’
11. Michael Peneder (2003), ‘Industrial Structure and Aggregate Growth’
PART IV EVOLUTIONARY GROWTH AND DEVELOPMENT THEORY
12. Richard R. Nelson (2008), ‘Economic Development from the Perspective of Evolutionary Economic Theory’
13. J. Stanley Metcalfe (2001), ‘Evolutionary Approaches to Population Thinking and the Problem of Growth and Development’
14. Gerald Silverberg and Bart Verspagen (2005), ‘Evolutionary Theorizing on Economic Growth’
15. J. Stanley Metcalfe, John Foster and Ronnie Ramlogan (2006), ‘Adaptive Econiomic Growth’
16. Pier Paolo Saviotti and Andreas Pyka (2004), ‘Economic Development, Qualitative Change and Employment Creation’
PART V NATIONAL INNOVATION SYSTEMS
17. Bengt Åke Lundvall (1988), ‘Innovation as an Interactive Process: From User-Producer Interaction to the National System of Innovation’
18. Chris Freeman (1995), ‘The “National System of Innovation” in Historical Perspective’
19. Tim Kastelle, Jason Potts and Mark Dodgson (2010), ‘The Evolution of Innovation Systems’
PART VI EVOLUTIONARY ECONOMIC POLICY
20. Ulrich Witt (2003), ‘Economic Policy Making in Evolutionary Perspective’
21. Uwe Cantner and Andreas Pyka (2001), ‘Classifying Technology Policy from an Evolutionary Perspective’
22. Bengt Åke Lundvall and Susana Borrás (2005), ‘Science, Technology, and Innovation Policy’
23. Uwe Cantner, Bernd Ebersberger, Horst Hanusch, Jens J. Krüger and Andreas Pyka (2004), ‘The Twin Peaks in National Income: Parametric and Nonparametric Estimates’
24. Carlota Perez (1985), ‘Microelectronics, Long Waves and World Structural Change: New Perspectives for Developing Countries’
25. Dan Johansson (2010), ‘The Theory of the Experimentally Organized Economy and Competence Blocs: An Introduction’
26. Kurt Dopfer and Jason Potts (2008), ‘Macro Dynamics, Growth and Development’