One of the most striking paradoxes of our time has been the growing importance of regions in the face of a globalizing economy. This insightful book explains the dynamics of regions in a global economy and sheds light on the role of knowledge in driving regional growth. The author examines the...

This book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time. Drawing on the...

This seminal work advances beyond neoclassical economics to provide an integrated overview of economic decision making, and the management of bounded rationality and its evolutionary consequences. Clem Tisdell successfully combines recent developments in learning and game theory, transaction...

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...

Nicholas Georgescu-Roegen was described by Paul Samuelson as 'an economist's economist'. This book honors him by discussing his theories on a wide range of issues but particularly on environmental and energy economics. It is a dynamic tribute which extends his work to address the problems the...

The evolutionary approach to economics can be traced back as far as the eighteenth and nineteenth centuries in the work of Darwin, Smith and Malthus. These ideas have gradually developed since that time through Marx, Veblen and Marshall, and have recently experienced considerable attention. This...

Evolutionary Economics and Path Dependence presents important new theoretical and empirical work on economic change, learning processes, institutional change, choice and path dependency. The theoretical section includes discussion of the microfoundations of path dependency, path dependency in...

Giovanni Dosi is recognized as one of the world's leading scholars in industrial economics and corporate change. This volume contains a selection of his most important work and provides an excellent overview of the contribution he has made to the economics of innovation and technical change. Key...

Books on innovation have proliferated in the last quarter of a century, during what the author describes as 'the Schumpeterian Renaissance'. This volume provides an authoritative account of many of these new developments and represents the foundation of much ongoing research on innovation. This...

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...