1st Edition

Routledge Handbook of Evolutionary Economics

    476 Pages 24 B/W Illustrations
    by Routledge

    While dating from post-Classical economists such as Thorstein Veblen and Joseph Schumpeter, the inception of the modern field of evolutionary economics is usually dated to the early 1980s. Broadly speaking, evolutionary economics sees the economy as undergoing continual, evolutionary change. Evolutionary change indicates that these changes were not planned, but rather were the result of innovations and selection processes. These often involved winners and losers, but most importantly, they resulted in actors learning what was and was not working.

    Evolutionary economics, in contrast to mainstream economics, emphasises the relevance of variables such as technology, institutions, decision rules, routines, or consumer preferences for explaining the complex evolutionary changes in the economy. In so doing, evolutionary economics significantly broadens the scope of economic analysis, and sheds new light on key concepts and issues of the discipline.

    This handbook draws on a stellar cast list of international contributors, ranging from the founders of the field to the newest voices. The volume explores the current state of the art in the field of evolutionary economics at the levels of the micro (e.g. firms and households), meso (e.g. industries and institutions), and macro (e.g. economic policy, structure, and growth).

    Overall, the Routledge Handbook of Evolutionary Economics provides an excellent overview of current trends and issues in this rapidly developing field.

    Evolutionary economics: A navigational guide

    Kurt Dopfer, Richard R. Nelson, Jason Potts, and Andreas Pyka


    PART I Foundational issues and theoretical domains


    1   Joseph A. Schumpeter: One of the founders of evolutionary economics

     Heinz D. Kurz


    2    Thorstein Bunde Veblen: A founder of evolutionary economics 

     Helge Peukert


    3    The foundational evolutionary traverse of Richard R. Nelson and Sidney G. Winter

     Isabel Almudi and Francisco Fatas-Villafranca


    4    F. A. Hayek and evolutionary Austrian economics

    Viktor J. Vanberg


    5    Kenneth Boulding’s contribution to evolutionary economics 

           Stefan Kesting                                                                                                                       


    6    Evolutionary economics and psychology: Where we are, where we could go

           Brendan Markey-Towler  


    7    Evolutionary cultural science

           Carsten Hermann-Pillath


    8    Evolutionary economics and economic history

           Andreas Resch


    9    Why an evolutionary economic geography? The spatial economy as a complex evolving system

     Ron L. Martin and Peter J. Sunley


    10  Darwin’s ideas and their mixed reception in evolutionary economics

     Gabriel Yoguel and Verónica Robert


    11 Computational evolutionary economics: Minimal principle and minimum intelligence

     Shu-Heng Chen

    Evolutionary modelling and the rule-based approach

             Thomas Grebel

    Contingency in evolutionary economics: Causality and comparative analysis Marco Lehmann-Waffenschmidt

               Thomas Grebel

    14  The firm as an experimental decision maker 

               Gunnar Eliasson


    15  Evolutionary economics, routines, and dynamic capabilities 

                    David J. Teece

    16   Routines

    Markus C. Becker


    17   Organizational routines

    Nathalie Lazaric


    18   Memes

    Michael P. Schlaile, Walter Veit, and Maarten Boudry



    19   The path dependence of knowledge and innovation

                Cristiano Antonelli and Pier Paolo Patrucco


     Evolutionary Consumer Theory

                Andreas Chai and Zakaria Babutsidze


    21   Evolutionary price theory

                Harry Bloch


    22   The coevolution of innovation and demand

                Pier Paolo Saviotti


    PART II Evolutionary economic policy and political economy


    23   Evolutionary economic policy and competitiveness

    Michael Peneder


    24   Smart specialisation

    Dominique Foray


    25   Evolutionary economic geography and policy 

               Ron Boschma

    Global knowledge embeddedness 

                Holger Graf and Martin Kalthaus


    Macro-evolutionary modelling of climate policies 

                Karolina Safarzynska


    28   The visible hand of innovation policy 

                Uwe Cantner and Claudia  Werker


    29   Generalized rules, Nelson-Winter routines, and Ostrom rules

          Georg D. Blind


    30   Democracy as an evolutionary process

     Isabel Almudi and Francisco Fatas-Villafranca


    31   Public entrepreneurship in economic evolution

               Jan Schnellenbach


    32   Evolutionary political economy

                Manuel Scholz-Wäckerle


    33   Division of labor as co-evolutionary process of ecology, technology, culture, organization, and knowledge

                Ping Chen


    34   Evolutionary economics and LDCs: An African perspective

                J. Fagerberg, E. Kraemer-Mbula, and E. Lorenz


    35   Globalization and its governance in an evolutionary perspective

                Pascal Petit



    Kurt Dopfer is Professor Emeritus at the University of St. Gallen, Switzerland.

    Richard R. Nelson is Professor Emeritus at Columbia University, New York, USA.

    Jason Potts is Professor at RMIT, Melbourne, Australia.

    Andreas Pyka is Professor at University Hohenheim, Stuttgart, Germany.