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Recent Developments in Evolutionary Economics

Edited by Ulrich Witt, Director Emeritus of the Evolutionary Economics Research Group, Max Planck Institute for the Science of Human History, Germany and Adjunct Professor, Griffith Business School, Griffith University, Australia
Evolutionary economics is a vital, expanding field of research focusing on the incessant transformation of the economy and its driving forces. Exploring the most recent research trends in the field, this volume presents a high quality set of papers indispensable to scholars and researchers interested in the evolutionary approach.
Extent: 560 pp
Hardback Price: £162.00 Web: £145.80
Publication Date: 2008
ISBN: 978 1 84376 015 3
Availability: In Stock
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  • Economics and Finance
  • Evolutionary Economics
Evolutionary economics is a vital, expanding field of research focusing on the incessant transformation of the economy and its driving forces. Exploring the most recent research trends in the field, this volume presents a high quality set of papers indispensable to scholars and researchers interested in the evolutionary approach.

Highlighting a variety of pressing economic problems, explaining causes and arriving at innovative remedies, the broad coverage considers developments in: innovations, knowledge transfer, industrial dynamics, structural change, international competitiveness, evolutionary game theory, new applications of evolutionary thought in finance, economic geography and ecological economics.
22 articles, dating from 1998 to 2007
Contributors include: K. Binmore, J. Foster, G. Hodgson, S. Klepper, F. Malerba, S. Metcalfe, J. Mokyr, R. Nelson, B. Verspagen, S. Winter
Contents

Acknowledgements

Introduction Ulrich Witt

PART I NEO-SCHUMPETERIAN THEMES
A Selection Models of Market Competition
1. J. Stanley Metcalfe (2002), ‘On the Optimality of the Competitive Process: Kimura’s Theorem and Market Dynamics’
2. Esben Sloth Andersen (2004), ‘Population Thinking, Price’s Equation and the Analysis of Economic Evolution’

B Knowledge and the Evolution of Technology
3. Joel Mokyr (1998), ‘Induced Technical Innovation and Medical History: An Evolutionary Approach’
4. Phuong Nguyen, Pier-Paolo Saviotti, Michel Trommetter and Bernard Bourgeois (2005), ‘Variety and the Evolution of Refinery Processing’

C Industry Evolution
5. Franco Malerba, Richard Nelson, Luigi Orsenigo and Sidney Winter (2001), ‘Competition and Industrial Policies in a “History Friendly” Model of the Evolution of the Computer Industry’
6. Steven Klepper (2002), ‘Firm Survival and the Evolution of Oligopoly’

D Economic Growth and Structural Change
7. J. Stanley Metcalfe, John Foster and Ronnie Ramlogan (2006), ‘Adaptive Economic Growth’
8. Jan Fagerberg and Bart Verspagen (2002), ‘Technology-Gaps, Innovation-Diffusion and Transformation: An Evolutionary Interpretation’

PART II NATURALISTIC INTERPRETATIONS AND NEW DOMAINS OF APPLICATIONS
A Naturalistic Approaches to Evolving Consumption, Production and Institutions
9. Ulrich Witt (2001), ‘Learning to Consume - A Theory of Wants and the Growth of Demand’
10. Robert U. Ayres and Benjamin Warr (2005), ‘Accounting for Growth: The Role of Physical Work’
11. Ken Binmore (2001), ‘Natural Justice and Political Stability’

B Evolutionary Game Theory
12. Daniel Friedman (1998), ‘On Economic Applications of Evolutionary Game Theory’
13. Werner Güth and Hartmut Kliemt (1998), ‘The Indirect Evolutionary Approach: Bridging the Gap between Rationality and Adaptation’

C New Domains of Application: Environment, Geography and Finance
14. Peter Mulder and Jeroen C.J.M. van den Bergh (2001), ‘Evolutionary Economic Theories of Sustainable Development’
15. Ron A. Boschma and Jan G. Lambooy (1999), ‘Evolutionary Economics and Economic Geography’
16. Thorsten Hens, Klaus Reiner Schenk-Hoppé and Martin Stalder (2002), ‘An Application of Evolutionary Finance to Firms Listed in the Swiss Market Index’

PART III CONCEPTUAL AND MODELING PROBLEMS
A Modeling Problems
17. John Foster and Phillip Wild (1999), ‘Econometric Modelling in the Presence of Evolutionary Change’
18. Thomas Brenner (1998), ‘Can Evolutionary Algorithms Describe Learning Processes?’

B Recent Topics in the Conceptual Debate
19. Geoffrey M. Hodgson and Thorbjørn Knudsen (2006), ‘Why We Need a Generalized Darwinism, and Why Generalized Darwinism is Not Enough’
20. Jack J. Vromen (2006), ‘Routines, Genes and Program-Based Behavior’
21. Christian Cordes (2007), ’Turning Economics into an Evolutionary Science: Veblen, the Selection Metaphor, and Analogical Thinking’
22. Kurt Dopfer, John Foster, and Jason Potts (2004), ‘Micro-Meso-Macro’

Name Index