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Frontiers of Evolutionary Economics - Competition, Self-Organization and Innovation Policy (Hardcover)
Loot Price: R4,114
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Frontiers of Evolutionary Economics - Competition, Self-Organization and Innovation Policy (Hardcover)
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Modern evolutionary economics is now nearly two decades old and in
this excellent book, a distinguished group of evolutionary
economists identify the most important developments and discuss the
direction of future research. By moving away from traditional
concerns with the operation of selection mechanisms towards a
preoccupation with the manner in which the novelty and variety
provide fuel for such mechanisms, the authors identify a key
development in the field. Evolutionary economists have been drawn
into the modern complexity science literature which attempts to
provide an understanding of how and why 'complex adaptive systems'
engage in processes of self-organization. The goal is to provide an
integrated analysis of both selection and self-organization that is
uniquely economic in orientation. After a brief overview of the
many key achievements and continuing challenges, the first part of
the book deals with theoretical perspectives, discussing
institutional change, social constructions, complexity, selection
and self-selection and the usefulness of theory. Part two deals
with empirical perspectives and includes discussion of replicator
dynamics, the measurement of heterogeneity and complexity, and
modelling organizations as complex adaptive systems. This unique
book will appeal to evolutionary and industrial economists and
policymakers involved with issues of innovation and management
scientists.
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