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Evolutionary Economics

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  • Hanusch,Horst

Abstract

This volume contains eleven papers – some theoretical, others empirical – given at the 1986 founding meeting of the International Joseph A. Schumpeter Society in Augsburg. By raising questions and offering additional statistical evidence, they further stimulate interest and discussion about the kinds of intuitive ideas that Schumpeter introduced in his seminal period before World War I. Whatever may be the academic mainline trend in economics, two policy-oriented 'disequilibrium' schools have flourished and still thrive: one stresses the need for social redistribution as a counterweight to a negative propensity to unemployment; the other emphasizes the explicit roles of the dynamic entrepreneur, innovation and stressful competition in stimulating economic growth. And while it is possible that the heyday of the demand-side 'age of Keynes' is passing, it also may be true that the time of the supply-side 'age of Schumpeter' is now emerging.

Suggested Citation

  • Hanusch,Horst (ed.), 2008. "Evolutionary Economics," Cambridge Books, Cambridge University Press, number 9780521067072.
    • Handle: RePEc:cup:cbooks:9780521067072
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    Cited by:

    1. Georgy Levit & Uwe Hossfeld & Ulrich Witt, 2011. "Can Darwinism be “Generalized” and of what use would this be?," Journal of Evolutionary Economics, Springer, vol. 21(4), pages 545-562, October.
    2. Jason Potts & Stuart Cunningham & John Hartley & Paul Ormerod, 2008. "Social network markets: a new definition of the creative industries," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 32(3), pages 167-185, September.
    3. Ulrich Witt, 2013. "The Future of Evolutionary Economics: Why Modalities Matter," Papers on Economics and Evolution 2013-09, Philipps University Marburg, Department of Geography.

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