AbstractThis article reviews the way of thinking about economic problems and the research agenda associated with the evolutionary approach to economics. This approach generally focuses on the processes that transform the economy from within and on their consequences for firms and industries, production, trade, employment and growth. The article highlights the major contributions to evolutionary economics and explains its key concepts together with some of their implications.
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Bibliographic InfoPaper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2006-05.
Length: 7 pages
Date of creation: Jun 2006
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-07-02 (All new papers)
- NEP-CBE-2006-07-02 (Cognitive & Behavioural Economics)
- NEP-EVO-2006-07-02 (Evolutionary Economics)
- NEP-HIS-2006-07-02 (Business, Economic & Financial History)
- NEP-HPE-2006-07-02 (History & Philosophy of Economics)
- NEP-PKE-2006-07-02 (Post Keynesian Economics)
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"Adaptive Economic Growth,"
Centre on Regulation and Competition (CRC) Working papers
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- Metcalfe, J S, 1994. "Competition, Fisher's Principle and Increasing Returns in the Selection Process," Journal of Evolutionary Economics, Springer, vol. 4(4), pages 327-46, November.
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- Klepper, Steven, 1997. "Industry Life Cycles," Industrial and Corporate Change, Oxford University Press, vol. 6(1), pages 145-81.
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