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Evolutionary Economics: An interpretative survey

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Evolutionary Economics: Program and Scope

Part of the book series: Recent Economic Thought Series ((RETH,volume 74))

Abstract

Modern economies are shaken up by an apparently incessant innovativeness which, on the one side, creates new profit opportunities, real income increases, and economic growth while, on the other side, it causes turmoil, individual losses to some agents, and the need to concurrent restructuring of the economy. By notable contrast, the interpretative patterns of mainstream economic theory are those of equilibrium and optimally adjusted agents. This unsatisfactory state of affairs explains much of the momentum in the recent surge of contributions to an evolutionary approach in economics, i.e. an approach that sets out to develop concepts and analytical tools helping to better understand economic change. Not untypical for a new research program at a rather early and not yet settled stage, the contributions come from diverse sources and differ in emphasis and scope. The present survey tries to pull together some important elements and to merge them into a more coherent picture as follows.

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Authors
  1. Ulrich Witt
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Editors and Affiliations

  1. University of St. Gallen, Switzerland

    Kurt Dopfer

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© 2001 Springer Science+Business Media New York

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Witt, U. (2001). Evolutionary Economics: An interpretative survey. In: Dopfer, K. (eds) Evolutionary Economics: Program and Scope. Recent Economic Thought Series, vol 74. Springer, Dordrecht. https://doi.org/10.1007/978-94-010-0648-4_2

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  • DOI: https://doi.org/10.1007/978-94-010-0648-4_2

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-3869-0

  • Online ISBN: 978-94-010-0648-4

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