Explaining Process and Change: Approaches to Evolutionary Economics

Recently, many economists have advocated the adoption of an evolutionary perspective to better understand the permanent flux of the economy. So far, most of the work in this budding field has been confined to industrial organization research in the Schumpeterian tradition. In Explaining Process and Change, Ulrich Witt presents for the first time the potential uses of the evolutionary approach in a broad range of other fields. Witt, a leading expert in evolutionary economics, assembles essay...