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Evolution and economic complexity: an overview

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  • John Foster
  • Stan Metcalfe

Abstract

The articles in this special issue are based upon a selection of papers presented at the 'Brisbane Club' section of the 2007 STOREP Conference. We provide introductory reviews of these articles and briefly assess their contributions to the advancement of our understanding of economic evolution, and the associated process of innovation. In particular, we discuss why it is necessary to adopt a complex systems perspective, which deals explicitly with the creation and transmission of new knowledge, as the analytical foundation of evolutionary economic modelling.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 18 (2009)
Issue (Month): 7 ()
Pages: 607-610

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Handle: RePEc:taf:ecinnt:v:18:y:2009:i:7:p:607-610

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Related research

Keywords: agent-based modelling; complexity; complex system; evolutionary economics; innovation; knowledge; networks;

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Cited by:
  1. David Colander & Richard P.F. Holt & J. Barkley Rosser, 2010. "The Complexity Era in Economics," Middlebury College Working Paper Series 1001, Middlebury College, Department of Economics.
  2. Dopfer, Kurt & Potts, Jason, 2010. "Why evolutionary realism underpins evolutionary economic analysis and theory: A reply to Runde's critique," Journal of Institutional Economics, Cambridge University Press, vol. 6(03), pages 401-413, September.
  3. Muñoz, Félix & Encinar, María Isabel, 2011. "Agents intentionality, capabilities and the performance of Systems of Innovation," Working Papers in Economic Theory 2011/03, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
  4. Ron Martin & Peter Sunley, 2007. "Complexity Thinking and Evolutionary Economic Geography," Papers in Evolutionary Economic Geography (PEEG) 0703, Utrecht University, Section of Economic Geography, revised Apr 2007.
  5. 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.

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