@article{iiasa4224, volume = {33}, number = {1}, title = {Recent evolutionary theorizing about economic change}, publisher = {American Economic Association}, year = {1995}, pages = {48--90}, journal = {Journal of Economic Literature}, url = {http://docplayer.net/129052-Recent-evolutionary-theorizing-about-economic-change-by-richard-r-nelson-columbia-university.html}, issn = {0022-0515}, abstract = {Economists long have employed evolutionary language and metaphors to characterize economic change, but until recently have largely eschewed the expression of explicit evolutionary theories. Over the last decade, however, a number of explicit evolutionary theories have been developed by economists, and other social scientists. This essay discusses the general analytic art form, and summarizes and discusses a number of the particular models. In the light of those examples, it evaluates the strengths and weaknesses of explicit evolutionary theorizing as an approach to understanding economic change.}, author = {Nelson, R. R.} }