firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …The purpose of this paper is to show how institutional and evolutionary economics provide better insights as to whysome … and Europe, evolutionary economics explains the role that diversity, selection andlearning plays in economic development …

Recent advances in evolutionary theory have important implications for environmental economics. A short overview is … offered of evolutionarythinking in economics. Subsequently, major concepts and approaches inevolutionary biology and … evolutionary economics are presented andcompared. Attention is devoted, among others, to Darwinian selection,punctuated equilibrium …

topicsincorporating ideas from evolutionary theory into economics are:economic exaptations, macroeconomic consequencesof institutions, and … benefit from lessons learned in evolutionary biology. Althoughthe analogy between biology and economics hasbeen noted before …, it has rarely focused on clarifying the micro-macro distinction in economic theory and modelling.The macroevolution …

theory and modelling. The micro-macro debate is more developed in biology than in economics owing to a greater degree of … biology and economics has been noted before, it has rarely focused on clarifying the micro-macro distinction in economic … insights directly relevant for economic theory and ones that hinge on unique features of biological systems. We argue that both …

This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to …