This essay argues that economic systems should be defined in terms of clusters ofcomplementary institutions. To show how such an approach can be carried out, I use acluster analysis technique and data on forty different economic institutions in OECDnations to isolate four quite different...

This paper analyzes how the qualitative change in human labor occurs in mutualdependence with the advancement of the epistemic base of technology. Historically, arecurrent pattern can be identified: humans learned to successively transfer laborqualities to machines. The subsequent release of...

In economics simulation models are used quite a lot to carry out mathematical experiments.However, the specification of the parameter set with which to run these simulations is, ingeneral, quite an adventure into the unknown. Criticism is easily found with the procedure, asit is difficult to...

Schumpeterian development is characterised by the simultaneous interplay of growthand qualitative transformations of the economic system. At the sectoral level, suchqualitative transformations become manifest as variations in the sectoral composition ofproduction. Following the implementation of...

The paper gives attention to the question of whether the development of evolutionarytheories in biology over the last twenty years has any implications for evolutionaryeconomics. Though criticisms of Darwin and the modern synthesis have alwaysexisted, most of them have not been widely accepted...

According to the advocates of a “Generalized Darwinism” (GD), the three coreDarwinian principles of variation, selection and retention (or inheritance) can be used as ageneral framework for the development of theories explaining evolutionary processes inthe socioeconomic domain. Even though...

Technology and technological change play a central role in economics, whether in the theory of resource allocation or in the theory of growth and development. Yet the nature of technology is largely ignored in economic theory, it being considered sufficient to treat technology as a constraint on...

We analyze the rise and decline of the steel and mining industries in the regionsof Saarland, Lorraine und Luxemburg over a long period, from the mid-19th century to 2003.Our main focus in on the period of structural decline in these industries after the secondworld war. Dierences in the...

IntroductionEntrepreneurship is a fundamental driver of economic evolution. It is also a distinctly spatially unevenprocess, and thus an important explanation of the uneven economic development of regions andnations. Not surprisingly, entrepreneurship is a key element of evolutionary economics...

The concept of “relatedness” between industries plays an increasingly central role in economics andstrategic management. However, relatedness has remained rather elusive in empirical terms. In thisarticle, we investigate relatedness between industries in terms of the extent to which the same...