Journal of Evolutionary Economics

, Volume 8, Issue 2, pp 157–175 | Cite as

Evolutionary innovations: learning, entrepreneurship and the dynamics of the firm

  • Maureen McKelvey


This article discusses the three concepts of `learning', `entrepreneurship' and `dynamics of the firm' in order to bridge some of the gap between micro and macro levels of analysis in evolutionary economics. This article addresses the following four issues: 1) Localized learning dependent on the extent to which knowledge is individual vs. collective, 2) Entrepreneurship distributed in systems of innovation, 3) Entrepreneurs changing selection criteria, and 4) Rationality vs. uncertainty affecting the dynamics of firms.

Key words: Evolutionary economics Learning Entrepreneurship Firm dynamics Biotechnology Systems of innovation Tacit knowledge 
JEL-classification: O31 L65 


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Copyright information

© Springer-Verlag Berlin Heidelberg 1998

Authors and Affiliations

  • Maureen McKelvey
    • 1
  1. 1.Department of Technology and Social Change, University of Linköping, S-581 83 Linköping, Sweden (e-mail:

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