Evolutionary and Neo-Schumpeterian Approaches to Economics

Overview

This volume presents the interrelationships and possible connecting threads between two recent attempts within economic theory to step out of the mainstream of conventional neoclassical wisdom: evolutionary and neo-Schumpeterian theory. Neo-Schumpeterian and evolutionary approaches to economics present a challenge to conventional neoclassical orthodoxy. They provide new insights into how markets function, how innovations are carried out, how technologies change, and how growth occurs in existing real economies. ...

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Paperback (Softcover reprint of the original 1st ed. 1994)
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Overview

This volume presents the interrelationships and possible connecting threads between two recent attempts within economic theory to step out of the mainstream of conventional neoclassical wisdom: evolutionary and neo-Schumpeterian theory. Neo-Schumpeterian and evolutionary approaches to economics present a challenge to conventional neoclassical orthodoxy. They provide new insights into how markets function, how innovations are carried out, how technologies change, and how growth occurs in existing real economies. The two fields of theory and research in which these approaches have proven especially fruitful are the role of innovation for economic change and development and the theory of the firm. The wide range of topics dealt with in this volume provides further proof of the versatility and fruitfulness of these approaches.

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Product Details

  • ISBN-13: 9789401737647
  • Publisher: Springer Netherlands
  • Publication date: 12/31/2013
  • Series: Recent Economic Thought Series
  • Edition description: Softcover reprint of the original 1st ed. 1994
  • Pages: 326
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.71 (d)

Table of Contents

1. The Neo-Schumpeterian and Evolutionary Approach to Economics - an Introduction; L. Magnusson. Part I: Evolutionary Theory. 2. What is Evolutionary Economics? R. Langlois, M.J.Everett. 3. The Unit which Evolves: Linking Self-Reproduction and Self-Interest; M. Hutter. 4. On the Nature of Economic Evolution: John R. Commons and the Metaphor of Artificial Selection; Y. Ramstad. Part II: Neo-Schumpeterian Dynamics. 5. The Phenomenon of Economic Change: Neoclassical vs. Schumpeterian Approaches; K. Dopfer. 6. The Theory of the Firm and the Theory of Economic Growth; G. Eliasson. 7. Evolutionary Regimes and Industrial Dynamics; G. Dosi, F. Malerba, L. Orsenigo. 8. The Role of Firm Difference in an Evolutionary Theory of Technical Advance; R. Nelson. Part III: Critique and New Challenges. 9. The Integration of Theory and History: Methodology and Ideology in Schumpeter's Economics; W. Lazonick. 10. Neo-Schumpeterians and Economic Theory; A. Heertje. Rethinking Economics. From GNP-Growth to Ecological Sustainability; P. Söderbaum. Innovations and Institutions: an Historical Approach; L. Magnusson, G. Marklund. Index.

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