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distribution. The theory suggests that in a free market competition between products is ultimately the origin of the uneven income …
Persistent link: https://www.econbiz.de/10011260210
Evolutionary approaches in economics have gathered increasing support over the last 25 years. Despite an impressive body of literature, economists are still far from formulating a coherent research paradigm. The multitude of approaches in evolutionary economics poses problems for the development...
Persistent link: https://www.econbiz.de/10005345948
Somewhat surprisingly, evolutionary economists are far from agreeing upon the economic concept of evolution. The debate revolves around the question whether the mechanisms of variation, selection and retention are general principles of evolutionary processes, also valid in economics, or if...
Persistent link: https://www.econbiz.de/10009219416
The core idea of evolution is that order in living systems emerges from a simple process of variation and selection. In biological systems we usually understand the source of variation as best described by the mechanisms of genetics. If human social systems are evolutionary systems, however, it...
Persistent link: https://www.econbiz.de/10010678983
of this theory is that for short time intervals a fixed ratio of total labor (total capital) to net income exists (Cobb … theory suggests that competition is the ultimate origin of the uneven income distribution. …
Persistent link: https://www.econbiz.de/10010590669
Austrian Market Process Theory. It is argued that already the theoretical foundations of the cluster concept suffer from severe …
Persistent link: https://www.econbiz.de/10008597146
The paper provides an overview of the institutional arrangements on the micro level that have evolved in the agro-food sector of Kazakhstan in the course of transition. Emphasis is laid on more complex arrangements like agroholdings and clusters, hitherto mostly unknown in the agro-food sectors...
Persistent link: https://www.econbiz.de/10008597161
aspects of Veblen’s "nstinct of workmanship," which is an essential starting point of his evolutionary theory of institutional …
Persistent link: https://www.econbiz.de/10005588057
excluded from mainstream economic theory. In contrast, we report that evolutionary economists have acknowledged the importance … economic analysis be fully embedded in complex economic system theory and that associated understandings as to how humans react …
Persistent link: https://www.econbiz.de/10010576973
Au cours des vingt dernières années, l’évolution des politiques économiques au Nord comme au Sud a été marquée par la mise en place de processus de libéralisation. Selon les contextes institutionnels, la libéralisation peut prendre des formes très contrastées. Au Costa Rica, suite...
Persistent link: https://www.econbiz.de/10011141543