Description
Book SynopsisThis book focuses on the emerging field of evolutionary economic policy, highlighting the interface between the state, markets, and the evolutionary complexity of modern economies.
The contributors explore the possibilities and limitations of governance, and provide a unique platform for the advancement of modern evolutionary economic theory. Decision-making is discussed, with particular reference to:
- economic evolution as an open process
- self-organization and networks
- the political economy of complexity.
Issues of evolutionary economic governance at various levels of aggregation are also examined. Inspired by evolutionary thinking, a range of models emerge from the study, illustrating the variety and complexity of evolutionary governance of economic systems.
Exploring the little investigated aspects of an evolutionary economic policy, this collection of original papers goes beyond the traditional confines of positive theory, making a long overdue contribution to the field of evolutionary economics. It will therefore be invaluable to a wide ranging audience including evolutionary and institutional economists, governmental scientists, management scientists and scholars following an interdisciplinary approach in the social and cognitive sciences.
Table of ContentsContents: Introduction Kurt Dopfer Part I: Economic Evolution as Open Process 1. Heterogeneity and Evolutionary Change – Concepts and Measurement Uwe Cantner and Horst Hanusch 2. Is the Notion of Progress Compatible with an Evolutionary View of the Economy? C. Christian von Weizsäcker 3. Reconciling Evolutionary Economics with Liberalism Gerhard Wegner 4. Historical Economics and Evolutionary Economic Policy – Coasean Perspectives Matthias Klaes Part II: Self-organisation and Networks 5. The Concept of Network Organisation – Biotechnology-based Industries as Exemplar Andreas Pyka and P. Paolo Saviotti 6. Sociodynamics – An Integrated Approach to Modelling in the Social Sciences Wolfgang Weidlich 7. The Concept of Space in Trade – Some Evolutionary Basics Carsten Herrmann-Pillath 8. Economic Policy – A Process of Communication Lambert T. Koch 9. Why Endogeneity is Not Enough to Explain Technological Change – A Critique of Paul Romer Malcolm H. Dunn Part III: The Political Economy of Complexity 10. Innovation and the Learning Policy Maker – An Evolutionary Approach Based on Historical Experience Joachim Schwerin and Claudia Werker 11. The National German Innovation System – Its Development in Different Governmental and Territorial Structures Hariolf Grupp, Icíar Dominguez Lacasa and Monika Friedrich-Nishio 12. Emergence and Diffusion of Disastrous Innovations – A Case Study Reiner Peter Hellbrück 13. Applying Evolutionary Economics to Public Policy – The Example of Competitive Federalism in the EU Wolfgang Kerber 14. Can Evolutionary Economics Make a Billion $ Difference for 60 Per Cent of the World’s Poor in Asia? Hans-Peter Brunner Index
