The evolution of economic and innovation systems

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The evolution of economic and innovation systems

Andreas Pyka, John Foster, editors

(Economic complexity and evolution)

Springer, c2015

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Includes bibliographical references

Description and Table of Contents

Description

This book is at the cutting edge of the ongoing 'neo-Schumpeterian' research program that investigates how economic growth and its fluctuation can be understood as the outcome of a historical process of economic evolution. Much of modern evolutionary economics has relied upon biological analogy, especially about natural selection. Although this is valid and useful, evolutionary economists have, increasingly, begun to build their analytical representations of economic evolution on understandings derived from complex systems science. In this book, the fact that economic systems are, necessarily, complex adaptive systems is explored, both theoretically and empirically, in a range of contexts. Throughout, there is a primary focus upon the interconnected processes of innovation and entrepreneurship, which are the ultimate sources of all economic growth. Twenty two chapters are provided by renowned experts in the related fields of evolutionary economics and the economics of innovation.

Table of Contents

The Evolution of Economic Systems.- The Evolution of Innovation Systems.- Entrepreneurship and Innovation Competition.

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