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Frontiers of Evolutionary Economics

Competition, Self-Organization and Innovation Policy Edited by John Foster, Professor of Economics and Head, School of Economics, University of Queensland, Australia and J. Stanley Metcalfe, Emeritus Professor, University of Manchester, UK
Modern evolutionary economics is now nearly two decades old and in this excellent book, a distinguished group of evolutionary economists identify the most important developments and discuss the direction of future research.

By moving away from traditional concerns with the operation of selection mechanisms towards a preoccupation with the manner in which the novelty and variety provide fuel for such mechanisms, the authors identify a key development in the field.
Extent: 416 pp
Hardback Price: $168.00 Web: $151.20
Publication Date: 2001
ISBN: 978 1 84064 525 5
Availability: In Stock
Paperback Price: $74.00 Web: $59.20
Publication Date: 2003
ISBN: 978 1 84376 337 6
Availability: In Stock
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  • Economics and Finance
  • Economics of Innovation
  • Evolutionary Economics
  • Innovation and Technology
  • Economics of Innovation
Modern evolutionary economics is now nearly two decades old and in this excellent book, a distinguished group of evolutionary economists identify the most important developments and discuss the direction of future research.

By moving away from traditional concerns with the operation of selection mechanisms towards a preoccupation with the manner in which the novelty and variety provide fuel for such mechanisms, the authors identify a key development in the field. Evolutionary economists have been drawn into the modern complexity science literature which attempts to provide an understanding of how and why ‘complex adaptive systems’ engage in processes of self-organization. The goal is to provide an integrated analysis of both selection and self-organization that is uniquely economic in orientation.

After a brief overview of the many key achievements and continuing challenges, the first part of the book deals with theoretical perspectives, discussing institutional change, social constructions, complexity, selection and self-selection and the usefulness of theory. Part two deals with empirical perspectives and includes discussion of replicator dynamics, the measurement of heterogeneity and complexity, and modelling organizations as complex adaptive systems.

This unique book will appeal to evolutionary and industrial economists and policymakers involved with issues of innovation and management scientists.
‘This compilation by leading protagonists is a must for a greater understanding of the world we are living in and wanting to see change for the better.’
– Gerry Sweeney, Prometheus
Contributors: P.M. Allen, K. Bryant, U. Cantner, R. Delorme, K. Dopfer, J. Foster, J.M. Gowdy, H. Hanusch, S. Keen, F. Louçã, J.S. Metcalfe, B. Morgan, R.R. Nelson, J. Nightingale, B. Nooteboom, P. Pelikan, J. Potts, P. Ramazzotti, P. Saviotti, D. Wollin
Contents: Preface Part I: Theoretical Perspectives Part II: Empirical Perspectives Index