- Paperback: 416 pages
- Publisher: Edward Elgar Publishing Ltd; New edition edition (18 Dec 2002)
- Language English
- ISBN-10: 1843763370
- ISBN-13: 978-1843763376
- Product Dimensions: 22.9 x 15 x 2.5 cm
- Amazon Bestsellers Rank: 2,185,810 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Product Description
Modern evolutionary economics is now nearly two decades old and in this 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 selected 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 2 deals with empirical perspectives and includes discussion of replicator dynamics, the measurement of heterogeneity and complexity, and modelling organizations as complex adaptive systems. This book should appeal to evolutionary and industrial economists and policymakers involved with issues of innovation and management scientists.
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