Routledge Handbook of Evolutionary Economics
Author: Kurt Dopfer, Richard R. Nelson, Jason Potts and Andreas Pyka Series: Routledge International Handbooks
This handbook provides an overview of current trends and issues in the rapidly developing field of evolutionary economics, an approach which emphasises the levels of the micro (e.g. firms and households), meso (e.g. industries and institutions), and macro (e.g. economic policy, structure and growth).
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Summary
This handbook provides an overview of current trends and issues in the rapidly developing field of evolutionary economics, an approach which emphasises the levels of the micro (e.g. firms and households), meso (e.g. industries and institutions), and macro (e.g. economic policy, structure and growth).
Description
While dating from post-Classical economists such as Thorstein Veblen and Joseph Schumpeter, the inception of the modern field of evolutionary economics is usually dated to the early 1980s. Broadly speaking, evolutionary economics sees the economy as undergoing continual, evolutionary change. Evolutionary change indicates that these changes were not planned, but rather were the result of innovations and selection processes. These often involved winners and losers, but most importantly, they resulted in actors learning what was and was not working.
Evolutionary economics, in contrast to mainstream economics, emphasises the relevance of variables such as technology, institutions, decision rules, routines, or consumer preferences for explaining the complex evolutionary changes in the economy. In so doing, evolutionary economics significantly broadens the scope of economic analysis, and sheds new light on key concepts and issues of the discipline.
This handbook draws on a stellar cast list of international contributors, ranging from the founders of the field to the newest voices. The volume explores the current state of the art in the field of evolutionary economics at the levels of the micro (e.g. firms and households), meso (e.g. industries and institutions), and macro (e.g. economic policy, structure, and growth).
Overall, the Routledge Handbook of Evolutionary Economics provides an excellent overview of current trends and issues in this rapidly developing field.
Critic Reviews
“I wish that this book had been available to me while I was in graduate school. This handbook has immediately become my ‘go-to’ recommendation for undergraduate and graduate students seeking the knowledge of evolutionary economics and an organised entry point into the vast literature across many disciplines it comprises and has inspired. It has also become an instant indispensable reference in my own research. No better editors could have been proposed for such a volume, and they have delivered, what is presented here is nothing less than a comprehensive, organised survey of the entire body of thought put forward by those who see the economy as a complex evolving system.”
Dr Brendan Markey-Towler, University of Queensland, Australia
About the Author
Kurt Dopfer is Professor Emeritus at the University of St. Gallen, Switzerland.
Richard R. Nelson is Professor Emeritus at Columbia University, New York, USA.
Jason Potts is Professor at RMIT, Melbourne, Australia.
Andreas Pyka is Professor at University Hohenheim, Stuttgart, Germany.
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