Evolutionary Economics and Creative Destruction

Evolutionary Economics and Creative Destruction

by J. Stanley Metcalfe
     
 

ISBN-10: 041540648X

ISBN-13: 9780415406482

Pub. Date: 01/28/1998

Publisher: Taylor & Francis

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of

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Overview

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.

Product Details

ISBN-13:
9780415406482
Publisher:
Taylor & Francis
Publication date:
01/28/1998
Pages:
168
Product dimensions:
6.14(w) x 9.21(h) x 0.36(d)

Table of Contents

Figures
Foreword
Preface
Pt. IThe evolutionary economics of creative destruction
Prologue: Change Within Change3
1On Rival Concepts of Competition and the Evolutionary Connection10
2Fisher's Principle and the Process of Competition40
3Economic Variety and Models of Change72
Epilogue: On Being Different, on Being Competitive97
Pt. IIEvolutionary approaches to technology policy
4Science Policy and Technology Policy When Competition Is an Evolutionary Process107
Comment124
Concluding Comment130
Notes132
Bibliography139
Index148

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