Using Simon's concept of nested hierarchies, this paper advances a new synthesis for understanding how and why the discontinuous change processes of punctuated equilibrium may occur in socio-economic settings. A. key concept is the nested, multilevel organization of 'deep structure', the order...

This entry discusses the concept of "systemism", elaborates how it implicitly underpinned most seminal works of evolutionary-institutional economics, and explains how future research would benefit from making the systemist nature of evolutionary economics more explicit. More precisely, the paper...