Evolutionary Economics: 1st Edition (Hardback) book cover

Evolutionary Economics

1st Edition

Edited by Andreas Pyka, Kurt Dopfer


1,710 pages

Purchasing Options:$ = USD
Hardback: 9780415577168
pub: 2018-08-29

FREE Standard Shipping!


More than one hundred years after Thorstein Veblen’s famous article ‘Why is Economics Not an Evolutionary Science?’, Evolutionary Economics is now widely recognized as a highly productive approach offering crucial insights for the understanding of socio-economic processes of change and development.

A major feature in the development of Evolutionary Economics is—and has always been—its strong multi-disciplinary character, and this new four-volume collection in the Routledge Major Works series, Critical Concepts in Economics, meets the need for an authoritative, up-to-date, and comprehensive reference work synthesizing this voluminous literature. Indeed, the sheer scale of the research output—and the breadth of the field—makes this collection especially welcome. It answers the need for a comprehensive collection of classic and contemporary contributions to facilitate ready access to the most influential and important scholarship from a wide range of theoretical and practical perspectives.

Evolutionary Economics is edited by Andreas Pyka, a leading scholar in the field. The collection is fully indexed and has a comprehensive, newly written, introduction, which places the material in its intellectual context. It is an essential work of reference and is destined to be valued by scholars and students as a vital one-stop research resource.

Table of Contents

Evolutionary Economics: Critical Concepts in Economics

Introduction by Andreas Pyka & Kurt Dopfer

Volume 1




Part 1. Classical Contributions

1.1 Early Writing

1. Thorstien Veblen, ‘Why is Economics Not an Evolutionary Science?’, The Quarterly Journal of Economics, 12, 4, 1898, 373-397.

2. Joseph A. Schumpeter, ‘The Analysis of Economic Change’, The Review of Economics and Statistics, 17, 4, 1935, 2-10.

3. Joseph A. Schumpeter, ‘The Creative Response in Economic History’, The Journal of Economic History, 7, 2, 1947, 149-159.

4. Joseph A. Schumpeter, ‘Alfred Marshall (1842-1924): Alfred Marshall’s Principles: A Semi-Centennial Approach’, in J. Schumpeter (ed.), Ten Great Economists (Routledge; London, 1997), pp. 91-109. Originally published in American Economic Review, 31, 2, 1941.

1.2 The Knowledge Economy

5. F. A. von Hayek, ‘Economics and Knowledge’, Economica, 4, 13, 1937, 33-54.

6. Frank H. Knight, ‘Profit and Entrepreneurial Functions’, The Journal of Economic History, 2, S1, 1942, 126-132.

7. Edith Penrose, ‘Limits to the Growth and Size of Firms’, American Economic Review, 45, 2, 1955, 531-543.

8. Fritz Machlup, ‘Theories of the Firm: Marginalist, Behavioral, Managerial’, American Economic Review, 57, 1, 1967, 1-33.

9. Harvey Leibenstein, ‘Entrepreneurship and Development’, American Economic Review, 58, 2, 1968, 72-83.

10. G. L. S. Shackle, ‘The Logic of Surprise’, Economica, 20, 78, 1953, 112-117.

11. Nicholas Georgescu-Roegen, ‘Methods in Economic Science’, Journal of Economic Issues, 13, 2, 1979, 317-328.

12. Nicholas Georgescu-Roegen, ‘The Entropy Law and the Economic Process in Retrospect’, Eastern Economic Journal, 12, 1, 1986, 3-25.

13. K. E. Boulding, ‘What is Evolutionary Economics?’, Journal of Evolutionary Economics, 1, 1, 1991, 9-17.

14. Herbert A. Simon, ‘Bounded Rationality and Organizational Learning’, Organization Science, 2, 1, 1991, 125-134.

15. Herbert A. Simon, ‘Darwinism, Altruism and Economics’, in Kurt Dopfer (ed.), The Evolutionary Foundation of Economics, (Cambridge University Press: Cambridge, 2005), 89-104


Part 2. The Core of Modern Evolutionary Economics

2.1 In search for an evolutionary economic theory

16. Richard R. Nelson and Sidney G. Winter, ‘Toward an Evolutionary Theory of Economic Capabilities’, American Economic Review, 63, 2, 1973, 440-449.

17. Richard R. Nelson and Sidney G. Winter, ‘Simulation of Schumpeterian Competition’, American Economic Review, 67, 1, 1977, 271-276.

18. Arnold Heertje, ‘Observations on Technical Change and Paretian Welfare Economics’, Economist-Netherlands, 143, 4, 1995, 433-456.

19. Yuichi Shionoya, ‘The Origin of the Schumpeterian Research Program: A Chapter Omitted from Schumpeter's Theory of Economic Development’, Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die gesamte Staatswissenschaft, 146, 2, 1990, 314-327.

20. Kurt Dopfer, John Foster and Jason Potts, ‘Micro-meso-macro’, Journal of Evolutionary Economics, 14, 3, 2004, 263-279.

21. Geoffrey M. Hodgson and Thorbjorn Knudsen, ‘The Nature and Units of Social Selection’, Journal of Evolutionary Economics, 16, 5, 2006, 477-489.

22. Kiichiro Yagi, ‘Determinateness and Indeterminateness in Schumpeter’s Economic Sociology: The Origin of Social Evolution’, The Kyoto Economic Review, 77, 1, 2008, 51-65.

23. Wolfram Elsner, ‘The Process and a Simple Logic of "Meso": Emergence and the Co-evolution of Institutions and Group Size’, Journal of Evolutionary Economics, 20, 3, 2010, 445-477.

Volume 2



2.2 Knowledge, Cognition & Behavior

24. Alan P. Kirman, ‘Whom or What Does the Representative Individual Represent?’, The Journal of Economic Perspectives, 6, 2, 1992, 117-136.

25. W. Brian Arthur, ‘Inductive Reasoning and Bounded Rationality’, American Economic Review, 84, 2, 1994, 406-411.

26. David Teece and Gary Pisano, ‘The Dynamic Capabilities of Firms: An Introduction’, Industrial and Corporate Change, 3, 3, 1994, 537-556.

27. Pier Paolo Saviotti, ‘On the Dynamics of Appropriability, of Tacit and of Codified Knowledge’, Research Policy, 26, 7–8, 1998, 843–856.

28. Ulrich Witt, ‘Imagination and Leadership – The Neglected Dimension of an Evolutionary Theory of the Firm’, Journal of Economic Behavior & Organization, 35, 2, 1998, pp. 161–177.

29. Cristiano Antonelli, ‘The Evolution of the Industrial Organisation of the Production of Knowledge’, Cambridge Journal of Economics, 23, 2, 1999, 243-260.

30. R. Cowan, P.A. David and D. Foray, ‘The Explicit Economics of Knowledge Codification and Tacitness’, Industrial and Corporate Change, 9, 2, 2009, 211-253.

2.3 Entrepreneurship, Firms, Industry Dynamics & Industry Evolution

31. Masahiko Aoki, ‘Toward an Economic Model of the Japanese Firm’, Journal of Economic Literature, 28, 1, 1990, 1-27.

32. Gunnar Eliasson, ‘The Firm as a Competent Team’, Journal of Economic Behavior and Organization,13, 1990, 275-298.

33. William J. Baumol, ‘Entrepreneurship: Productive, Unproductive, and Destructive’, Journal of Business Venturing, 11, 1, 1996, 3–22.

34. Steven Klepper, ‘Entry, Exit, Growth, and Innovation over the Product Life Cycle’, American Economic Review, 86, 3, 1996, 562-583.

35. Maureen McKelvey, ‘Evolutionary Innovations: Learning, Entrepreneurship and the Dynamics of the Firm’, Journal of Evolutionary Economics, 8, 2, 1998, 157-175.

36. Brian Loasby, ‘Market Institutions and Economic Evolution’, Journal of Evolutionary Economics, 10, 3, 2000, 297-309.

37. Esben Sloth Andersen, ‘Population Thinking, Price’s Equation and the Analysis of Economic Evolution’, Evolutionary and Institutional Economics Review, 1, 1, 2004, 127-148.

2.4 Networks & Systems

38. B. Carlsson and R. Stankiewicz, ‘On the Nature, Function and Composition of Technological Systems’, Journal of Evolutionary Economics, 1, 2, 1991, 93-118.

39. Bengt-Åke Lundvall and Bjorn Johnsson, ‘The Learning Economy’, Journal of Industry Studies, 1, 2, 1994, 23-42.

40. J. S. Metcalfe, ‘Technology Systems and Technology Policy in an Evolutionary Framework’, Cambridge Journal of Economics, 19, 1, 1995, 25-46.

41. Chris Freeman, ‘The "National System of Innovation" in Historical Perspective’, Cambridge Journal of Economics, 19, 1, 1995, 5-24.

42. Franco Malerba, ‘Sectoral Systems of Innovation and Production’, Research Policy, 31, 2, 2002, 247–264.

43. Phil Cooke, ‘Regionally Asymmetric Knowledge Capabilities and Open Innovation: Exploring "Globalisation 2"—A New Model of Industry Organization’, Research Policy, 34, 8, 2005, 1128–1149.

44. Uwe Cantner and Holger Graf, ‘The Network of Innovators in Jena: An Application of Social Network Analysis’, Research Policy, 35, 4, 2006, 463–480.

Volume 3



2.5 Long run Development

45. Joel Mokyr, ‘Demand vs. Supply in the Industrial Revolution’, The Journal of Economic History, 37, 4, 1977, 981-1008.

46. Richard H. Day, ‘Irregular Growth Cycles’, American Economic Review, 72, 3, 1982, 406-414.

47. Giovanni Dosi, ‘Technological Paradigms and Technological Trajectories: A Suggested Interpretation of the Determinants and Directions of Technical Change, Research Policy, 11, 3, 1982, 147-162.

48. Carlota Perez, ‘Structural Change and Assimilation of New Technologies in the Economic and Social Systems’, Futures, 15, 5, 1983, 357-375.

49. J. Stan Metcalfe, John Foster and Ronnie Ramlogan, ‘Adaptive Economic Growth’, Cambridge Journal of Economics, 30, 1, 2006, 7-32.

50. Ron A. Boschma and Koen Frenken, ‘Why is Economic Geography Not an Evolutionary Science? Towards an Evolutionary Economic Geography’, Journal of Economic Geography, 6, 3, 2006, 273-302.

51. Stan Metcalfe, ‘Capitalism and Evolution’, Journal of Evolutionary Economics, 24, 1, 2014, 11-34.

2.6 Surveys

52. Chris Freeman, ‘The Economics of Technical Change’, Cambridge Journal of Economics, 18, 5, 1994, 463-514.

53. Richard R. Nelson, ‘Recent Evolutionary Theorizing About Economic Change’, Journal of Economic Literature, 33, 1, 1995, 48-90.

54. Jan Fagerberg, ‘Schumpeter and the Revival of Evolutionary Economics: An Appraisal of the Literature’, Journal of Evolutionary Economics, 3, 13, 2003, 125-159.

55. Kurt Dopfer, ‘Evolutionary Economics: A Theoretical Framework’, in K. Dopfer (ed.), The Evolutionary Foundations of Economics (Cambridge University Press: Cambridge, 2005), pp. 3-55.

56. Ulrich Witt, ‘What is Specific about Evolutionary Economics?’, Journal of Evolutionary Economics, 18, 5, 2008, 547-575.

57. Karolina Safarzyńska and Jeroen C. J. M. van den Bergh, ‘Evolutionary Models in Economics: A Survey of Methods and Building Blocks’, Journal of Evolutionary Economics, 20, 3, 2010, 329-373.



Volume 4



Part 3. Future Directions

58. David A. Lane, ‘Artificial Worlds and Economics, part I’, Journal of Evolutionary Economics, 3, 2, 1993, 89-107.

59. David A. Lane, ‘Artificial Worlds and Economics, part II’, Journal of Evolutionary Economics, 3, 3, 1993, 177-197.

60. Q. Wang and N. von Tunzelmann, ‘Complexity and the Functions of the Firm: Breadth and Depth’, Research Policy, 29, 7–8, 2000, 805–818.

61. Leigh Tesfatsion, ‘Agent-based Computational Economics: Growing Economies from the Bottom Up, Artificial Life, 8, 1, 2003, 55-82.

62. Horst Hanusch and Andreas Pyka, ‘Principles of Neo-Schumpeterian Economics’, Cambridge Journal of Economics, 31, 2, 2007, 275-289.

63. Jeroen C. J. M. van den Bergh, ‘Evolutionary Thinking in Environmental Economics’, Journal of Evolutionary Economics, 17, 5, 2007, 521-549.

64. A. Pyka and G. Fagiolo, ‘Agent-based Modelling: A Methodology for Neo-Schumpeterian Economics', in H. Hanusch and A. Pyka (eds.), Elgar Companion to Neo-Schumpeterian Economics (Edward Elgar Publisher, Cheltenham, 2007), pp. 467-487.

65. Ricardo Hausmann and Cesar A. Hidalgo, ‘The Network Structure of Economic Output’, Journal of Economic Growth, 16, 2011, 309-342.

66. W. Brian Arthur, ‘Complexity Economics: A Different Framework for Economic Thought’, SFI Working Paper, 2013-04-012.

67. Sidney G. Winter, ‘The Future of Evolutionary Economics: Can We Break Out of the Beachhead?’, Journal of Institutional Economics, 10, 4, 2014, 613-644.

68. D. Helbing, ‘Economics 2.0: The Natural Step Towards a Self-regulating, Participatory Market Society’, Evolutionary and Institutional Economics Review, 10, 1, 2013, 3-41.


About the Editors

Professor Andreas Pyka is based at the University of Hohenheim, where he holds the chair for innovation economics. Kurt Dopfer is Professor at the Department of Economics, Univesity of St Gallen, and is the chair of international economics and development theory.

About the Series

Critical Concepts in Economics

With a rich backlist of popular Economics titles on current areas of research, the Critical Concepts in Economics series spans a wide range of titles, with titles including China and Globalization, The Great Depression and Feminist Economics. Upcoming titles to look out for include Islamic Economics and Human Capital.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History