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Understanding Economic Change - Advances in Evolutionary Economics (Paperback)
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Understanding Economic Change - Advances in Evolutionary Economics (Paperback)
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Although the economy has always been changing, ever more
innovations now seem to accelerate the transformation process. Are
there any laws governing the incessant global change? Does it
accord with our intentions and desires and make us happier? Do our
institutions and our democracies cope with the challenges? How does
economic theory explain what is going on? In this volume, experts
in the field discuss the advances that evolutionary economics has
made in exploring questions like these. The broad range of topics
include a review of the development of the field: its conceptual
and methodological characteristics are outlined; problems posed by
macroeconomic evolution and the institutional challenges are
highlighted; and, last but not least, the implications of the
evolution of the economy for wellbeing and sustainability are
addressed. Taken together, the contributions demonstrate the
potential of an evolutionary paradigm for making sense of economic
change and for assessing its consequences.
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