Modern economies never come to rest. From institutions to
activities of production, trade, and consumption, everything is
locked in processes of perpetual transformation - and so are our
daily lives. Why and how do such transformations occur? What can
economic theory tell us about these changes and where they might
lead? Ulrich Witt's book discusses why evolutionary concepts are
necessary to answer such questions. While economic evolution is in
many respects unique, it nonetheless needs to be seen within the
broader context of natural evolution. By exploring this complex
relationship Rethinking Economic Evolution demonstrated the
significance of an evolutionary economic theory.
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