Description
Book SynopsisDedicated to the goal of furthering evolutionary economic analysis, this book provides a coherent scientific approach to deal with the real world of continual change in the economic system.
Expansive in its scope, this book ranges from abstract discussions of ontology, analysis and theory to more practical discussions on how we can operationalize notions such as 'capabilities' from what we understand as 'knowledge'. Simulation techniques and empirical case studies are also used.
Sharpening the focus of the relationship between economic evolution and economic complexity, the book will be of great interest to academics, students and researchers of evolutionary economics.
Trade Review'This book provides a useful introduction to evolutionary economics.' -- Adam Gifford, Journal of Bioeconomics
'With this important collection of fine new papers, Foster and Metcalfe have brought together another volume that will make an impact on the newly unfolding science-of-complexity approach to economics. Ranging from the theoretical foundations to modeling tools and concrete empirical applications, the contributions cover all relevant areas. The reader is being offered exciting new views on variety generating and selecting mechanisms in the economy and their role for technological and commercial change.' -- Ulrich Witt, Max Planck Institute, Jena, Germany
Table of ContentsContents: Introduction PART I: THEORETICAL PERSPECTIVES 1. Evolutionary Foundations of Economics Kurt Dopfer and Jason Potts 2. On the Methodology of Assessing Agent-Based Evolutionary Models in the Social Sciences Paul Ormerod and Bridget Rosewell 3. What do Firms Learn? Capabilities, Distribution and the Division of Labour Paolo Ramazzotti 4. Dynamic Capabilities, Tacit Knowledge and Absorption Peter Hall PART II: MODELLING COMPLEXITY 5. The Complexity of Structure, Strategy and Decision Making Peter M. Allen 6. Knowledges, Specialization and Economic Evolution: Modelling the Evolving Division of Human Time Esben Sloth Andersen PART III: EMPIRICAL PERSPECTIVES 7. Erring to be Right: The Paradox of Error in the Foundation of Probability in Economics Francisco Louçã 8. Technological and Economic Mobility in Large German Manufacturing Firms Uwe Cantner and Jens J. Krüger 9. A Conceptual Framework to Model Long-run Qualitative Change in the Energy System Andreas Pyka, Bernd Ebersberger and Horst Hanusch Index
