Description

Book Synopsis

Coevolution in economic systems plays a key role in the dynamics of contemporary societies. Coevolution operates when, considering several evolving realms within a socioeconomic system, these realms mutually shape their respective innovation, replication and/or selection processes. The processes that emerge from coevolution should be analyzed as being globally codetermined in dynamic terms. The notion of coevolution appears in the literature on modern innovation economics since the neo-Schumpeterian inception four decades ago. In this Element, these antecedents are drawn on to formally clarify and develop how the coevolution notion can expand the analytical and methodological scope of evolutionary economics, allowing for further unification and advance of evolutionary subfields.

Table of Contents

1. Introduction; 2. Coevolution: A Key Concept for Evolutionary Economics; 3. Coevolution in Markets; 4. Coevolution of Technology and Institutions: Growth; 5. Capitalism and Democracy in Coevolution; 6. Synthesis and the Road Ahead; Appendix A; Appendix B; References.

Coevolution in Economic Systems

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    A Paperback by Isabel Almudi, Francisco Fatas-Villafranca

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      Book details

      Publisher Cambridge University Press
      Published 10 June 2021
      ISBN-13 9781108737999
      978-1108737999
      ISBN-10 1108737994
      Also in:
      Economic growth

      Description

      Book Synopsis

      Coevolution in economic systems plays a key role in the dynamics of contemporary societies. Coevolution operates when, considering several evolving realms within a socioeconomic system, these realms mutually shape their respective innovation, replication and/or selection processes. The processes that emerge from coevolution should be analyzed as being globally codetermined in dynamic terms. The notion of coevolution appears in the literature on modern innovation economics since the neo-Schumpeterian inception four decades ago. In this Element, these antecedents are drawn on to formally clarify and develop how the coevolution notion can expand the analytical and methodological scope of evolutionary economics, allowing for further unification and advance of evolutionary subfields.

      Table of Contents

      1. Introduction; 2. Coevolution: A Key Concept for Evolutionary Economics; 3. Coevolution in Markets; 4. Coevolution of Technology and Institutions: Growth; 5. Capitalism and Democracy in Coevolution; 6. Synthesis and the Road Ahead; Appendix A; Appendix B; References.

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