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Applied Evolutionary Economics And Complex Systems |
Edited by John Foster, Professor of Economics and Head, School of Economics, University of Queensland, Australia and Werner Hölzl, Research Group Growth and Employment in Europe, Department of Economics, WU Wien, University of Economics and Business, Austria
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‘This book reflects the new level of maturity of evolutionary and institutional economics. The field of evolutionary economics has moved beyond merely describing the economy as an evolving complex system and is now developing empirically testable models of economic evolution. This book is a major contribution to the revolution now taking place in economic theory as traditional welfare economics is being replaced by more realistic models of human behavior and economic organisation.’
– John Gowdy, Rensselaer Polytechnic Institute, US
‘Statistical analogies and hypotheses testing now attract increasing attention in the evolutionary approach to economics. As much as evolutionary theorizing calls for new concepts to be able to go beyond static equilibrium analysis, as much does empirical work in evolutionary economics require an extension of the tool box of linear time series analysis and statistics. Foster and Hölzl have brought together an excellent collection of papers highlighting both the broad range of problems facing such an extension and the possible solutions. The methodological studies and the practical applications in this volume represent a guide post for future empirical work in evolutionary economics.’
– Ulrich Witt, Max Planck Institute, Jena, Germany
This book takes up the challenge of developing an empirically based foundation for evolutionary economics built upon complex system theory.
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Contents: Preface 1. Introduction and Overview 2. Econometrics and Evolutionary Economics 3. Random Walks and Non-linear Paths in Macroeconomics Time Series: Some Evidence and Implications 4. The Use of Genetic Programming in Evolutionary Economics 5. Entropy Statistics as a Framework to Analyse Technological Evolution 6. Complementarity Constraints and Induced Innovation: Some Evidence from the First IT Regime 7. An Evolutionary Approach to the Theory of Entrepreneurship 8. Shakeout in Industrial Dynamics: New Developments, New Puzzles 9. High Growth with ‘Old’ Industries? The Austrian Paradox Revisited 10. Changing Structure – Keeping Location: From Musical Instruments to Electronics in the Accordion District of Ancona 11. Evolutionary Thinking in Environmental Economics: Retrospect and Prospect Index
Contributors: F. Bevilacqua, B. Ebersberger, J. Foster, K. Frenken, T. Grebel, H. Hanusch, W. Hölzl, J. Krafft, A. Nuvolari, M. Peneder, A. Pyka, A. Reinstaller, D. Tappi, J.C.J.M. van den Bergh, A. van Zon
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