Frontiers of Evolutionary Economics: Competition, Self-Organization, and Innovation Policy

Type
Book
Authors
Foster ( John Foster )
Metcalfe ( J. Stanley Metcalfe )
 
ISBN 10
1840645253 
ISBN 13
9781840645255 
Category
Unknown  [ Browse Items ]
Edition
 
Publication Year
2001 
Publisher
Pages
397 
Tags
 
Abstract
 
Description
Modern evolutionary economics is now nearly two decades old and in this excellent book, a distinguished group of evolutionary economists identify the most important developments and discuss the direction of future research. By moving away from traditional concerns with the operation of selection mechanisms towards a preoccupation with the manner in which the novelty and variety provide fuel for such mechanisms, the authors identify a key development in the field. Evolutionary economists have been drawn into the modern complexity science literature which attempts to provide an understanding of how and why ‘complex adaptive systems’ engage in processes of self-organization. The goal is to provide an integrated analysis of both selection and self-organization that is uniquely economic in orientation. After a brief overview of the many key achievements and continuing challenges, the first part of the book deals with theoretical perspectives, discussing institutional change, social constructions, complexity, selection and self-selection and the usefulness of theory. Part two deals with empirical perspectives and includes discussion of replicator dynamics, the measurement of heterogeneity and complexity, and modeling organizations as complex adaptive systems. This unique book will appeal to evolutionary and industrial economists and policymakers involved with issues of innovation and management scientists. - from Amzon 
Biblio Notes
 
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