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 make metaphorical use of Darwinian ideas, and avenues that are based on the fact that...

Professional economics would benefit from an infusion of religious formulations, particularly the notions that all humans are made in God’s image and are fallen creatures. This infusion would lead economics to more openly recognize the role of moral reflection in economic thinking and enhance...

The aim of this paper is to introduce the market process as a central concept of Austrian economics as opposed to the general-equilibrium approach of the neoclassical school. In the first part the author shortly reviews the theme of entrepreneur and understanding of entrepreneurial function in...

This paper presents an analysis and defence of competition in retail electricity supply. It includes some account of its development in the UK over the last dozen years, to the point where all retail price controls have now been removed. The development of this competition illustrates a number...

Working definitions of industrial and competition policy are provided. Based on definition variants of relations of two directions of economic policy have been described. Approaches to building industrial policy have been formulated within the framework of studies based on principles adopted in...

The concepts of market, economic concentration, concurrent with competition mechanisms are key elements to market economy systems, that decisively shape the architecture of national economies. While to economic science, similarly to the group of social sciences, the experiment is not allowed,...

This continuation of the previous part of our proposed monograph, which by no means is intended as an exhaustive one, is corroborated by the citation of innovative criticism and ideas put forward by the various economists, the purpose of which is to highlight exactly the relativism and nuances...

The entrepreneur is traditionally considered, in the economic analysis, as the core of continuous innovative process which characterizes modern economies. Often positioned as an alternative of the standard economic theory, this framework was mainly elaborated by the evolutionist and Austrian...

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,...