A Viewpoint on Evolutionary Economic Theory
Over the past decade evolutionary economics, or at least bodies of thought and writing that are associated with that term, has become increasingly fashionable. The Schumpeter Society has a strong evolutionary spirit, a society for evolutionary political economy has become well established in Europe, and there have been several summer schools concerned with teaching evolutionary economics. Several years ago, the Journal of Evolutionary Economics was launched, and there are several other new journals that clearly have an evolutionary economics flavor. I would like to praise Industrial and Corporate Change as an especially interesting journal for economists inclined towards an evolutionary theory. Geoffrey Hodgson has written a book that surveys precursors to modern evolutionary economic theorizing, Ulrich Witt has put together a volume of what he considers is classic work in the field, and now Japan has initiated a society for evolutionary economics.
KeywordsEvolutionary Theory Evolutionary Game Theory Neoclassical Theory Empirical Phenomenon Clothe Fashion
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