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The purpose of this paper is to contribute to recent efforts to ground evolutionary theory in economics in the principles of Universal Darwinism. The paper will contrast two views of evolution, based on the Ultra-Darwinian and Naturalist theory of biological evolution, both of which are...
Persistent link: https://www.econbiz.de/10014094313
Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a … framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the … important co-evolutionary dimensions of innovation. Instead, a comprehensive economic theoretical approach is needed which …
Persistent link: https://www.econbiz.de/10003877639
they are tapped, and the revealed outcomes in terms of advances in production techniques and product characteristics … in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and …
Persistent link: https://www.econbiz.de/10014025173
The process of globalization causes an increasing intensity of institutional competition, i.e. competition among national suppliers of institutional arrangements for mobile factors. This often leads to the conclusion that the competence of national economic policy actors is decreasing. As a...
Persistent link: https://www.econbiz.de/10011526763
This is an entirely new draft of the sixth chapter of my book 'Foundations of Evolutionary Economics' which is going to be published by Edward Elgar in due course. With permission of the publisher, the draft chapters are posted on the web to facilitate academic discussion for further...
Persistent link: https://www.econbiz.de/10013092584
Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the last three decades, advancing more realistic economics. It converges with longstanding heterodox schools, and its theoretical and empirical findings are consistent with older...
Persistent link: https://www.econbiz.de/10011660103
The evolutionary turn in economic geography has led to increasing emphasis on coevolution among technologies, organizations and territories. The weakness of this approach, however, is a focus on broad coevolutionary pictures that pays little attention to coordination processes that guide...
Persistent link: https://www.econbiz.de/10012750175
Persistent link: https://www.econbiz.de/10009658694
We focus on the relationship of age and diversification patterns of German machine tool manufacturers in the post war era. Based on trade journals we track the entire firm populations' product portfolio development throughout each firm's lifetime. We distinguish between "minor diversification"...
Persistent link: https://www.econbiz.de/10009409652
The problem of designing, managing, and coordinating the efforts of different parts of complex organizations is central to the management and organizations literature. A central element, in turn, of Simon's (1962) argument, which provides a foundation for understanding complex organizations, is...
Persistent link: https://www.econbiz.de/10014069160