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Routledge Handbook of Evolutionary Economics
Loot Price: R7,049
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Routledge Handbook of Evolutionary Economics
Series: Routledge International Handbooks
Expected to ship within 12 - 19 working days
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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
selection processes. These often involved winners and losers, but
most importantly, they resulted in actors learning what was and
wasn't working and moving to the latter. 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 of 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.
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