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Fundamental Fields of: Post-Schumpeterian Evolutionary Economics

Author

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  • Esben Sloth Andersen

Abstract

Although the branch of economics that deals with economic evolution has become established during the last couple of decades, its aims and potentials can most easily be understood on the background of the work of early pioneers. Joseph A. Schumpeter’s contribution not only analysed capitalist economic evolution as a process of the innovative renewal of business routines. He also explored the idea that the development of economics requires coordinated efforts within the “fundamental fields” of theory, history, statistics, and economic sociology. The paper applies this idea in an analysis of the development of modern evolutionary economics. The focus is on the characteristics and interdependencies of evolutionary history, evolutionary theory, and evolutionary statistics.

Suggested Citation

  • Esben Sloth Andersen, 2008. "Fundamental Fields of: Post-Schumpeterian Evolutionary Economics," DRUID Working Papers 08-25, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    • Handle: RePEc:aal:abbswp:08-25
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    File URL: https://wp.druid.dk/wp/20080025.pdf
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    Cited by:

    1. Kurt Dopfer, 2011. "Economics in a Cultural Key: Complexity and Evolution Revisited," Chapters, in: John B. Davis & D. Wade Hands (ed.), The Elgar Companion to Recent Economic Methodology, chapter 14, Edward Elgar Publishing.

    More about this item

    Keywords

    Evolutionary economics; fundamental fields; Joseph A. Schumpeter;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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