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Economics and Evolution (Hardcover)
Loot Price: R3,245
Discovery Miles 32 450
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Economics and Evolution (Hardcover)
Series: Belgian-Dutch Association for Post-Keynesian Studies series
Expected to ship within 12 - 17 working days
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The evolutionary approach to economics can be traced back as far as
the eighteenth and nineteenth centuries in the work of Darwin,
Smith and Malthus. These ideas have gradually developed since that
time through Marx, Veblen and Marshall, and have recently
experienced considerable attention. This book considers the
development of evolutionary economics and its place in economic
thought today. The book begins with a concise history of
evolutionary economics which develops to examine the variety of
approaches within the subject. The discussion continues with a
rigorous analysis of why, in contrast to popular belief,
evolutionary economics is not alien to neoclassical economics,
arguing that it may even be considered to complement neoclassical
economics. Continuing along this theme the firm is discussed from
an evolutionary and neoclassical standpoint. Leading on from this
is a discussion of modern model building in evolutionary economics
and its relationship with Schumpeter's developmental work. Model
building is examined further in relation to endogenous
technological change and economic growth, and the effect that
technological change and innovation can have on the spatial
distribution of new industry. This book will be of special interest
to evolutionary and post Keynesian economists and those interested
in technological change and innovation.
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