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There are several ways to incorporate evolutionary concepts into economic thinking. This article reviews the most important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an analogy construction to the biological sphere, those that...
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This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this comparison,...
Persistent link: https://www.econbiz.de/10011403857
The rapidly growing literature on the relationship between energy consumption and economic growth has not univocally identified the "real" causal relationship yet. We argue that bivariate models, which analyze the causality at the level of the total economy, are not appropriate - especially in...
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