Routledge Handbook of Evolutionary Economics

The modern field of evolutionary economics originated in the early 1980s, viewing the economy as constantly evolving through innovations and selection processes. It emphasizes the role of technology, institutions, decision rules, routines, and consumer preferences in explaining economic changes and broadens the scope of economic analysis. This handbook provides an excellent overview of the field's current state of art, covering micro, meso, and macro levels.

Format: Hardback
Length: 464 pages
Publication date: 27 November 2023
Publisher: Taylor & Francis Ltd

The origins of the modern field of evolutionary economics can be traced back to post-Classical economists such as Thorstein Veblen and Joseph Schumpeter, although its formal establishment is often attributed to the early 1980s. Evolutionary economics perceives the economy as an ongoing, evolutionary process driven by innovations and selection processes. These changes, while unplanned, resulted in actors learning what worked and what did not, often involving winners and losers.

In contrast to mainstream economics, evolutionary economics emphasizes the importance of factors such as technology, institutions, decision rules, routines, and consumer preferences in explaining the complex evolutionary changes in the economy. This broader perspective significantly expands the scope of economic analysis, shedding new light on key concepts and issues within the discipline.

This handbook, compiled by a distinguished group of international contributors, spans the fields of micro (e.g., firms and households), meso (e.g., industries and institutions), and macro (e.g., economic policy, structure, and growth). It provides an in-depth exploration of the current state-of-the-art in evolutionary economics, covering a wide range of topics and perspectives.

Overall, the Routledge Handbook of Evolutionary Economics serves as an invaluable resource for scholars, researchers, and practitioners interested in advancing their understanding of this rapidly evolving field. Its comprehensive coverage and insightful contributions make it a must-read for anyone seeking to stay abreast of the latest developments and advancements in evolutionary economics.

Dimension: 246 x 174 (mm)
ISBN-13: 9780367025687