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Economic policy making in evolutionary perspective

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Author Info
Ulrich Witt

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Abstract

Economic policy making is discussed from three different angles: the political economy of actual policy making (“what policy does do”), the analysis of policy instruments for given ends (“what policy could do”), and the debate on policy goals and their legitimization (“what policy ought to do”). Center stage in the evolutionary perspective is new, positive and normative knowledge which is unfolding during the policy making process and in its aftermath. It is argued that this implies regularities and constraints which extend and modify the comparative-static interpretations of public choice theory, economic policy making theory, and social philosophy. Copyright Springer-Verlag Berlin Heidelberg 2003

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File URL: http://hdl.handle.net/10.1007/s00191-003-0148-x
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Publisher Info
Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 13 (2003)
Issue (Month): 2 (04)
Pages: 77-94
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Handle: RePEc:spr:joevec:v:13:y:2003:i:2:p:77-94

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Related research
Keywords: Key words: Evolutionary economics – Economic policy making – Policy advice – Policy goals – Public choice theory – Regulation; JEL Classification: A11; B41; D72; D78; E61; L50;

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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
  1. María-Isabel Encinar & Félix-Fernando Muñoz, 2006. "On novelty and economics: Schumpeter’s paradox," Journal of Evolutionary Economics, Springer, vol. 16(3), pages 255-277, August. [Downloadable!] (restricted)
  2. Binder, Martin, 2006. "Evolutionary Economics and Moral Relativism - Some Thoughts," MPRA Paper 1484, University Library of Munich, Germany. [Downloadable!]
  3. Claudia Werker, 2006. "An Assessment of the Regional Innovation Policy by the European Union based on Bibliometrical Analysis," Papers on Economics and Evolution 2006-11, Max Planck Institute of Economics, Evolutionary Economics Group. [Downloadable!]
  4. Christian Cordes, 2008. "A potential limit on competition," Journal of Bioeconomics, Springer, vol. 10(2), pages 127-144, August. [Downloadable!] (restricted)
  5. C. Mantzavinos, 2006. "The institutional-evolutionary antitrust model," European Journal of Law and Economics, Springer, vol. 22(3), pages 273-291, November. [Downloadable!] (restricted)
  6. Garofalo, M.R. & Marra, M, 2007. "Work-Life Reconciliation Policies From Well-Being To Development: Rethinking EU Gender Mainstreaming," MPRA Paper 9598, University Library of Munich, Germany. [Downloadable!]
  7. Christian Schubert, 2009. "Is Novelty always a good thing? Towards an Evolutionary Welfare Economics," Papers on Economics and Evolution 2009-03, Max Planck Institute of Economics, Evolutionary Economics Group. [Downloadable!]
  8. Carsten Herrmann-Pillath, 2009. "Diversity, identity, and the indeterminacy of the size of nations," European Journal of Law and Economics, Springer, vol. 27(1), pages 15-38, February. [Downloadable!] (restricted)
  9. Zoltan Bajmocy, 2006. "Opportunities of University Business Incubation in the Less Favoured Regions of Transition Countries," ERSA conference papers ersa06p190, European Regional Science Association. [Downloadable!]
  10. Christian Schubert, 2006. "A Note on the Principle of "Normative Individualism"," Papers on Economics and Evolution 2005-17, Max Planck Institute of Economics, Evolutionary Economics Group. [Downloadable!]
  11. Christian Schubert, 2009. "Darwinism in Economics and the Evolutionary Theory of Policy-Making," Papers on Economics and Evolution 2009-10, Max Planck Institute of Economics, Evolutionary Economics Group. [Downloadable!]
  12. V. J. Vanberg, 2004. "Human Intentionality and Design In Cultural Evolution," Papers on Economics and Evolution 2004-02, Max Planck Institute of Economics, Evolutionary Economics Group.
  13. U. Witt & C. Schubert, 2008. "Constitutional Interests in the Face of Innovations: How Much Do We Need to Know about Risk Preferences?," Papers on Economics and Evolution 2008-03, Max Planck Institute of Economics, Evolutionary Economics Group.
    Other versions:
  14. Andreas Freytag & Simon Renaud, 2007. "From short-term to long-term orientation—political economy of the policy reform process," Journal of Evolutionary Economics, Springer, vol. 17(4), pages 433-449, August. [Downloadable!] (restricted)
    Other versions:
  15. Encinar, María Isabel & Muñoz, Félix & Cañibano, Carolina, 2006. "‘Ethical Novelty’: new insights into economic change," Working Papers in Economic Theory 2006/03, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History). [Downloadable!]
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