1st Edition

Evolutionary Economics and Creative Destruction

Edited By J. Stanley Metcalfe Copyright 1998
    168 Pages
    by Routledge

    166 Pages
    by Routledge

    The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.

    Figures, Foreword, Preface, Part I. The evolutionary economics of creative destruction, PROLOGUE: CHANGE WITHIN CHANGE, 1. ON RIVAL CONCEPTS OF COMPETITION AND THE EVOLUTIONARY CONNECTION, 2. FISHER’S PRINCIPLE AND THE PROCESS OF COMPETITION, 3. ECONOMIC VARIETY AND MODELS OF CHANGE, EPILOGUE: ON BEING DIFFERENT, ON BEING COMPETITIVE, Part II. Evolutionary approaches to technology policy, 4. SCIENCE POLICY AND TECHNOLOGY POLICY WHEN COMPETITION IS AN EVOLUTIONARY PROCESS, COMMENT, CONCLUDING COMMENT, Notes, Bibliography, Index

    Biography

    J. Stanley Metcalfe