Evolutionary economics has become a major heterodox approach over the last decades. Its roots can be traced back to Schumpeter and Veblen. More recently, an important role is also played by analogies to evolutionary biology, notably to natural selection models. As this research review explains, the approach of evolutionary economics offers an improved understanding of market processes, industry dynamics, structural change, and economic growth as being driven by human innovativeness.
| ISBN: | 9781852785932 |
| Publication date: | 1st January 1993 |
| Author: | Ulrich Witt |
| Publisher: | Edward Elgar Publishing Ltd |
| Format: | Hardback |
| Pagination: | 640 pages |
| Series: | The International Library of Critical Writings in Economics series |
| Genres: |
Economic theory and philosophy |