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Persistent link: https://www.econbiz.de/10011411747
In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic...
Persistent link: https://www.econbiz.de/10011565231
Persistent link: https://www.econbiz.de/10011335230
This paper clarifies a common misrepresentation of our theory of capital as power, or CasP. Many observers tend to box … CasP as an "institutionalist" theory, tracing its central process of "differential accumulation" to Thorstein Veblen … not Veblenians and certainly not institutionalists: Veblen's theory was evolutionary, while CasP is deeply dialectical …
Persistent link: https://www.econbiz.de/10011962099
economic policy which is able to overcome the theory-immanent contradiction of the hitherto evolutionary view on this subject. …
Persistent link: https://www.econbiz.de/10011403857
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the …
Persistent link: https://www.econbiz.de/10010390070
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the …
Persistent link: https://www.econbiz.de/10010390395
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and diffusion. Throughout history, the key role of the State is self-evident. Private sector involvement has waxed and waned over millennia, although at times it has been pivotal...
Persistent link: https://www.econbiz.de/10010434094
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...
Persistent link: https://www.econbiz.de/10010436762
That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...
Persistent link: https://www.econbiz.de/10010350951