Evolutionary economics : post-Schumpeterian contributions

Bibliographic Information

Evolutionary economics : post-Schumpeterian contributions

Esben Sloth Andersen

Pinter Publishers , Distributed in the United States and Canada by St. Martin's Press, 1994

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Includes bibliographical references and index

Description and Table of Contents

Description

This book presents the elements of evolutionary economics, both generally and as they were developed by Schumpeter (1883-1950). By "elements" are meant the basic analytic units (types of actors and routines) and the basic mechanisms (of reproduction, variety-creation and selsction) used in evolutionary analysis. Schumpeter is often understood as a "visionary" with modest contributions to economic analysis. This systematic study of his work aims to show that this impression is too narrow and that Schumpeter has much to say on evolutionary analysis in a suprisingly modern sense, including for instance punctuated equilibria and path dependency. The author aims to shed new light on the work of this highly influential economist.

Table of Contents

  • Approaching economic evolution
  • schemes of punctuated evolution and jerky innovations
  • density-dependent diffusion and innovation
  • exploring the process of "Schumpeterian competition"
  • the evolution of strategies in transaction
  • research horizons. Appendix: Algorithmic notation and the programming of Nelson-and-Winter models.

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