Recent evolutionary theorizing about economic change

Nelson, R.R. (1995). Recent evolutionary theorizing about economic change. Journal of Economic Literature 33 (1) 48-90.

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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.

Item Type: Article
Research Programs: Technological and Economic Dynamics (TED)
Bibliographic Reference: Journal of Economic Literature; XXXIII:48-90 [1995]
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:05
Last Modified: 27 Aug 2021 17:15

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