EVOLUTIONARY ECONOMICS

Edited by Ulrich Witt, Director Emeritus of the Evolutionary Economics Research Group, Max Planck Institute for the Science of Human History, Germany and Adjunct Professor, Griffith Business School, Griffith University, Australia

• INTRODUCTIONPART I: SCHUMPETERIAN THEMESJ. A. Schumpeter (1947), ‘The Creative Response in Economic History’J. A. Schumpeter (1928), ‘The Instability of Capitalism’C. Freeman (1990), ‘Schumpeter’s Business Cycles Revisted’PART II: ECONOMIC NATURAL SELECTION AND FIRM AND INDUSTRY BEHAVIORA. A. Alchian (1950), ‘Uncertainty, Evolution, and Economic Theory’S. G. Winter (1971), ‘Satisficing, Selection and the Innovating Remnant’R. R. Nelson and S. G. Winter (1980), ‘Firm and Industry Response to Changed Market Conditions: An Evolutionary Approach’K. Iwai (1984), ‘Schumpeterian Dynamics - An Evolutionary Model of Innovation and Imitation’PART III: BROADER BIOLOGICAL ANALOGIESR. C. O. Matthews (1984), ‘Darwinism and Economic Change’J. M. Gowdy (1985), ‘Evolutionary Theory and Economic Theory: Some Methodological Issues’J. Hirshleifer (1982), ‘Evolutionary Models in Economics and Law: Cooperation versus Conflict Strategy’PART IV: PATH-DEPENDENCY AND BIFURICATIONS: ASPECTS OF NON-LINEAR DYNAMICSW. B. Arthur, Y. M. Ermoliev and Y. M. Kaniovski (1987), ‘Path-dependent Processes and the Emergence of Macro-structure’P. A. David (1985), ‘Clio and the Economics of QWERTY’T. Kuran (1989), ‘Sparks and Prairie Fires: A Theory of Unanticipated Political Revolution’G. Haag, W. Weidlich and G. Mensch (1987), ‘The Schumpeter Clock’PART V: KNOWLEDGE, INNOVATION, AND COMPETITIONB. Loasby (1983), ‘Knowledge, Learning and Enterprise’S. Metcalfe (1989), ‘Evolution and Economic Change’F. A. Hayek (1978), ‘Competition as a Discovery Procedure’U. Witt (1985), ‘Coordination of Individual Economic Activities as an Evolving Process of Self-organization’PART VI: CULTURAL EVOLUTION AND SPONTANEOUS ORDERR. Boyd and P. J. Richerson (1980), ‘Sociobiology, Culture and Economic Theory’F. A. Hayek (1967), ‘Notes on the Evolution of Systems of Rules of Conduct’V. Vanberg (1986), ‘Spontaneous Market Order and Social Rules: A Critical Examination of F. A. Hayek’s Theory of Cultural Evolution’R. Sugden (1989), ‘Spontaneous Order’PART VII: ECONOMIC GROWTH AND DEVELOPMENT IN THE LONG RUNK. E. Boulding (1981), ‘The Basic Evolutionary Model’C. Marcetti (1980), ‘Society as a Learning System: Discovery, Invention and Innovation Cycles Revisited’R. H. Day and J. -L. Walter (1989), ‘Economic Growth in the Very Long Run: On the Multiple-phase Interaction of Population, technology and Social Infrastructure’

‘The editor has brought together an excellent collection of 25 essays. Overall the editor is to be congratulated in bringing together a superb collection of essays in the field, and for providing a very informative introduction. Given the increasing interest in evolutionary economics, this volume is a must for every economics library.’