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This paper analyzes the design, refinement, and evolution of organizationalpolicymaking processes, that is to say … formeteurinterests. Several mechanisms of evolution are explored in this paper. First, formal organizationshave a beginning. They are …
Persistent link: https://www.econbiz.de/10009138629
principles of such a“Generalized Darwinism” are not those that in the development of evolutionary biology havebeen crucial for …
Persistent link: https://www.econbiz.de/10009138631
We consider an economy where a finite set of agents can trade on one of two asset markets. Due to endogenous participation the markets may differ in the liquidity they provide. Moreover, traders have idiosyncratic preferences for the markets, e.g. due to differential time preferences for...
Persistent link: https://www.econbiz.de/10005859375
This paper is a follow-up on two earlier debates I was part of. One debate is documentedin a special issue of The Journal of Economic Methodology, edited by Matthias Klaes andcalled Symposium: Ontological Issues in Evolutionary Economics (2004) The other oneis reported in a special issue of The...
Persistent link: https://www.econbiz.de/10005865930
evolution... …
Persistent link: https://www.econbiz.de/10005865934
In the last two decades there has been a noticeable increase in published research inevolutionary economics. The idea that formal modelling is a sine qua non condition forestablishing a rigours and coherence scientific frame, has led to an over concern withformalization issues among evolutionary...
Persistent link: https://www.econbiz.de/10005865969
development ‘fromwithin’ (macro). It is argued that Schumpeter paved the way for a new micro–meso–macro framework in economics … genericequilibrium. Economic development occurs at the deep level as transition from onegeneric rule to another, inducing a change of …
Persistent link: https://www.econbiz.de/10005865996
entrepreneurialopportunities, but also the further development of the entrepreneurial venture is dependent onsubjective opportunity perception and …
Persistent link: https://www.econbiz.de/10005866001
Recently, it has been suggested that the process of economic development should ideally be viewed as a … aspects have only been inadequately addressed in development theory. This paperargues that social-cognitive vicarious learning …, values), behaviour and environment. Our analysis is basedon a survey of the Indian trans-Himalayan regions. The development …
Persistent link: https://www.econbiz.de/10005866006
of theexternal events, is internally generated. This distinction is made explicit inSchumpeter’s account of ‘development …
Persistent link: https://www.econbiz.de/10005866040