Frontiers of Evolutionary Economics: Competition, Self-Organization, and Innovation Policy
John Foster, J. Stanley MetcalfeISBN: 1843763370;
Modern evolutionary economics is now nearly two decades old and in this excellent book, now available in paperback, 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 selection 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,...
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