The paper presents the analysis of recent developments of Schumpeterian theory of entrepreneurship and innovation in light of evolutionary economics.

It is shown that the evolution of modern developed societies results into reduction of the role of centralized governance as well as economic and political competition, whereas the role of collaboration mechanisms is growing. This process is supported by cultural changes: increasing trust,...

As is well‐known,“foot‐binding”,regarded as an inefficient institution owing to its great harm to the women’s body and mind, existed and lasted for a very long period in the history of China. Furthermore, we are faced with the general question: why so many inefficient institutions in...

Exact diagnostics of inflation reasons is the necessary condition of correct stabilization policy oriented to social progress. The dominant type of inflation in Ukraine is cost-push inflation. The purpose of the article is to analyse inflation in Ukraine as a process of income redistribution...

The question: “How much of biological evolution based theories, as they are understood presently, apply to human behaviour?” is highly controversial and perhaps highly politicized as well. The inference that human beings are evolutionarily programmed to have urges toward aggression, rape,...

Economists have recognized that “institutions matter” and the renewal of Institutional Economics has gained a large scientific authority, but institutions, as unit of analysis, stay a concept not understood on all its dimensions. Recently, the notion of “institutional capital” appeared...

This paper is devoted to the analysis of evolution of innovation concepts, aspect and types. First emergence and evolution of different aspects and concepts of innovation are analysed, then the development of innovation concepts from a historical perspective and finally an overview given of...

Work and labour describe activities with a redistributional and a reproductive component. In addition, the terms have gained the function of creating social status and self-esteem. This paper argues that the shifts on the labour market during the past decades question both the redistributive and...

We have not clearly acknowledged the abstraction from unpriceable “social goods” (derived from communities) which, different from private and public goods, simply disappear if it is attempted to market them. Separability from markets and economics has not been argued, much less established....

The article is devoted to institutional control of social system and conceptual aspects of the structure of institutional matrix.