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.

Evolutionary economics is a vital, expanding field of research focusing on the incessant transformation of the economy and its driving forces. Exploring the most recent research trends in the field, this volume presents a high quality set of papers indispensable to scholars and researchers...

Modern economies are constantly evolving. How is this transformation process caused? What are its characteristics? Where will it lead us? Ulrich Witt outlines an evolutionary way of thinking about these questions. He points out that while evolution in nature is adaptation to changing...

This authoritative collection of articles presents the most significant contributions from pioneering pieces to recent research papers. It documents a broad range of problems and a variety of methods that are characteristic of the evolutionary approach. A new introductory chapter surveys the...

This innovative book investigates the processes involved in economic learning by categorizing different ways of learning, and using mathematical models for their description. The author distinguishes three types of learning processes – non-cognitive, routine-based and associative learning –...