It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by...

Rethinking Economics is a major contribution to the reconstruction of an economic theory appropriate to the 21st century. Just as major changes are occurring in the world economy, economics itself is on the brink of change. Orthodox economics is now widely criticized for its sterility and its...

For much of the twentieth century, mainstream economists have treated human agents in their models as if they were rational beings of unbounded computational capacity - the notorious 'Homo Economicus' of much economic theory. However, the patent inadequacies of this understanding of human nature...

Darwinism and Evolutionary Economics brings together contributions from eminent authors who, building on Darwin's own insights and on developments in evolutionary theory, offer challenging views on how economics can use evolutionary ideas effectively

Hayek's theory of cultural evolution has always generated controversy. Interest in Hayek's theory, and others' analysis and criticism of it, has been rising of late. This volume urges a reconsideration of Hayeks' theory of evolution and aims to explore the relevance of Hayek's theory for its own...

Evolutionary Economic Thought explores the theoretical roots of the evolutionary approach, and in so doing, demonstrates how it fits squarely into the theoretical mainstream. Focusing on the institutions of evolutionary change and the processes - such as competition - that generate change, this...

The Evolution of Organizations brings together a selection of significant articles by leading academics as to how organizations and their environments evolve over time. They examine the foundation of evolutionary thinking, its application to the evolution of organizational populations and...