The evolving economy : essays on the evolutionary approach to economics

Ulrich Witt (Director Emeritus of the Evolutionary Economics Research Group, Max Planck Institute for the Science of Human History, Germany and Adjunct Professor, Griffith Business School, Griffith University, Australia)

Change manifests itself in all facets of the economy. This important collection of previously published essays illustrates how the evolutionary approach can reveal not only where change comes from, and how it happens, but also where it will lead. The Evolving Economy covers a broad spectrum of issues ranging from the biological foundations of economic behavior to the co-evolution of firms, markets, and institutions. Ulrich Witt's individualistic approach synthesizes elements familiar from the writings of Veblen and Schumpeter on economic evolution. A conceptual debate on what the notion of evolution means in the economic context is as much emphasized as is the discussion of concrete hypotheses explaining why and how evolutionary economic change comes about. Offering an outline of a paradigm focusing on endogenous economic change, this book will be of great interest to economists and economic historians. Sociologists, philosophers and anthropologists will also find this work invaluable as it presents an encompassing assessment of the role of Darwinian thought for understanding human behavior and societal evolution

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Year of publication:	2003
Authors:	Witt, Ulrich
Institutions:	Edward Elgar Publishing (publisher)
Publisher:	Cheltenham, UK : Edward Elgar Publishing
Subject:	Evolutionsökonomik \| Evolutionary economics \| Theorie \| Theory \| Evolutorische Wirtschaft

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Extent:	1 Online-Ressource (x, 405 pages) illustrations
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Aufsatzsammlung
Language:	English
Notes:	Selected essays from various sources Includes bibliographical references and index Contents: Preface -- Part I: Introduction -- 1. Evolutionary economics and the extension of evolution to the economy -- -- Part II: Evolutionary concepts and methodology -- 2. Emergence and dissemination of innovation: Some principles of evolutionary economics -- 3. Evolutionary concepts in economics -- 4. Coordination of individual economic activities as an evolving process of self-organization -- 5. Firms' market behavior under imperfect information and economic natural selection -- 6. "lock-in" vs. "critical masses" - industrial change under network externalities -- -- Part III: The darwinian perspective and the continuity hypothesis -- 7. Bioeconomics as economics from a darwinian perspective -- 8. Economics, sociobiology, and behavioral psychology on pReferences -- 9. Economic behavior and biological evolution: Some remarks on the sociobiology debate -- 10. Self-organization and economics - what is new? -- -- Part IV: Evolution in the context of new institutional economics and public choice -- 11. The evolution of economic institutions as a propagation process -- 12. The endogenous public choice theorist -- 13. Multiple equilibria, critical masses, and institutional change. The coup d'état problem -- 14. Evolution and stability of cooperation without enforceable contracts -- 15. Between appeasement and belligerent moralism: The evolution of moral conduct in international politics -- 16. Innovations, externalities and the problem of economic progress -- -- Part V: The evolutionary approach and the austrian school of economics -- 17. Subjectivism in economics - a suggested reorientation -- 18. Endogenous change - causes and contingencies -- 19. Turning austrian economics into an evolutionary theory -- 20. Do entrepreneurs need firms? A contribution to a missing Chapter in austrian economics -- -- Index.
ISBN:	978-1-0353-0464-6 ; 978-1-84064-748-8 ; 978-1-84542-832-7
Other identifiers:	10.4337/9781035304646 [DOI]
Classification:	Volkswirtschaft: Allgemeines
Source:	ECONIS - Online Catalogue of the ZBW

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