Complex adaptive systems consist of a multitude of agents from whose individual adaptation efforts the adaptive behavior of the system as a whole emerges. In this paper it will be argued that capitalism is a complex adaptive system. Except for its particular mode of production many of its...

The question of what kind of innovations can secure our future is in this paper put in perspective with the unknown risks which innovations may imply. Innovations sometimes turn out to cause severe negative externalities after they have successfully passed the market test. In such cases, the...

Evolutionary economics is a vital, expanding field of research focusing on the incessant transformation of the economy and its driving forces. Exploring the most recent research trends in the field, this volume presents a high quality set of papers indispensable to scholars and researchers...

In den letzten Jahren ist in der Ökonomik verstärkt darüber diskutiert worden, ob mit einem evolutorischen Ansatz ein verbessertes Verständnis wirtschaftlicher Abläufe und Veränderungen zu erreichen ist. Die Debatte fällt zusammen mit der Renaissance Schumpeterscher Ideen, stützt sich...