Modern Evolutionary Economics: An Overview

Modern Evolutionary Economics: An Overview

By Richard R Nelson, Giovanni Dosi, Constance E Helfat, Andreas Pyka, Pier Paolo Saviotti, Keun Lee, Kurt Dopfer, Franco Malerba, and Sidney G Winter

Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of Richard Nelson and Sidney Winter's seminal book, An Evolutionary Theory of Economic Change, first published in 1982.

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Book Information

Publisher: Cambridge University Press
Publish Date: 05/03/2018
Pages: 282
ISBN-13: 9781108446198
ISBN-10: 1108446191
Language: English

Full Description

Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of Richard Nelson and Sidney Winter's seminal book, An Evolutionary Theory of Economic Change, first published in 1982. In this long-awaited follow-up, Nelson is joined by leading figures in the field of evolutionary economics, reviewing in detail how this perspective has been manifest in various areas of economic inquiry where evolutionary economists have been active. Providing the perfect overview for interested economists and social scientists, readers will learn how in each of the diverse fields featured, evolutionary economics has enabled an improved understanding of how and why economic progress occurs.

About the Authors

Richard R. Nelson is Professor Emeritus at Columbia University. He served as a research economist and analyst at the Rand Corporation and the US President's Council of Economic Advisors. His most cited publications include his book with Sidney Winter, An Evolutionary Theory of Economic Change (1982), The Moon and the Ghetto (1977), and National Innovation Systems (1993).

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Mario Cimoli, Director of the Production; Professor of Economics, Productivity and Management Division at UN-ECLAC; University of Venice Ca' Foscari , Giovanni Dosi, Professor of Economics and Director, Institute of Economics, Sant'Anna School of Advanced Studies, Pisa , Keith E.

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Constance E. Helfat is the J. Brian Quinn Professor in Technology and Strategy at the Tuck School of Business at Dartmouth College, New Hampshire. She has published widely in academic journals and books, and co-authored Dynamic Capabilities: Understanding Strategic Change in Organizations (2007). She is a Fellow of the Strategic Management Society, and has received the Distinguished Scholar Award from the Technology and Innovation Management Division of the Academy of Management, the Viipuri Prize, and an honorary degree.

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Andreas Pyka is a Professor at the Universität Hohenheim, Stuttgart, where he has held the chair for innovation economics since April 2009. His fields of research are neo-Shcumpeterian economics and evolutionary economics with a special emphasis on numerical techniques of analysing dynamic processes of qualitative change and structural development.

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Pier Paolo Saviotti is a Visiting Research Fellow in Innovation studies at Copernicus Institute, Faculty of Geosciences, Universiteit Utrecht.

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Keun Lee, Professor of Economics, Seoul National University Keun Lee is a globally recognized scholar on economics of catch-up. Currently, he is a professor of Economics at the Seoul National University, Fellow of the CIFAR (Canada) program on Innovation, Equity and Prosperity, the Vice-chairman of the National Economic Advisory Council (for the President of Korea), and the director of the Center for Economic Catch-up.

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Kurt Dopfer is a Professor at the Department of Economics, Universität St Gallen, Switzerland, where he is also Chair of International Economics and Development Theory, Co-director of the Institute of Economics, a member of the University Senate, Emeritus, and a Researcher for the Swiss National Science Foundation.

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Franco Malerba is Full Professor of Applied Economics and President of ICRIOS, Bocconi University. He has published 15 books internationally, including Sectoral Systems of Innovation (Cambridge, 2004) and Innovation and the Evolution of Industries (Cambridge, 2016).

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Sidney G. Winter is the Deloitte and Touche Professor of Management, Emeritus, at the Wharton School, University of Pennsylvania. He is the author of An Evolutionary Theory of Economic Change (1982, with Richard Nelson), and of many articles in scholarly journals and symposia. His honours include t

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