Evolutionary Economics and Creative Destruction

By J. Stanley Metcalfe. 2002

914 citations recorded by the source corpus.

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Citations in the corpus

Public sector innovation research: What’s next? (2010, background): “Instead, it incentivises losing firms to develop alternative conjectures about new market opportunities (Downie 1958), thus driving the innovation process via incentives to new innovation rather than imitation (Metcalfe 1998).”
Services and services innovation (2009, background): “The ‘synthesis’ viewpoint, as outlined by Gallouj and Weinstein (1997), Metcalfe (1998), Gallouj (2002), Drejer (2004), and Windrum (2007), seeks to take the recent insights of demarcation writers and to integrate these within insights gained in manufacturing studies within a unifying…”
Sectoral systems of innovation and production in developing countries : actors, structure and evolution (2009, background): “Nelson (1994) and Metcalfe (1998) have discussed these processes at the general level by focusing on the interaction between technology, industrial structure, institutions and demand.”
Schumpeter and the revival of evolutionary economics: an appraisal of the literature (2003, background): “…to these contributions, the heart of evolutionary dynamics is the principle, known as Fisher’s theorem of natural selection, that “selection improves average fitness in the population, and that the rate of improvement in average fitness is equal to the variance of fitness” (Metcalfe, 1998, p.61).”
The microfoundations of macroeconomics: an evolutionary perspective (2003, background): “On the other hand, a growing number of economists argue that the Walrasian microfoundation approach to macroeconomics is inadequate (Colander, 1996; Foster, 1987; Gintis and Romer, 1998; Gowdy, 1992; Hodgson, 1993B; Metcalfe, 1998 ).”
Testing the Principle of "Growth of the Fitter": The Relationship between Profits and Firm Growth (2005, methodology): “In addition to computer simulation models, the principle of ‘growth of the fitter’ has also formed the foundations of analytical evolutionary models (see, for example, Winter (1964, 1971), Metcalfe (1993, 1998) ).”
Path Dependence and New Technological Path Creation in the Danish Wind Power Industry (2012, background): “…a number of distinguished economists such as Nelson and Winter (1982), Dosi et al. (1988), Hodgson (1993), Arthur et al. (1997), Foster (1997), Metcalfe (1998), Potts (2000), Fagerberg (2003), Dopfer (2004), Metcalfe and Foster (2004) and Witt (2003) have sought to understand how real…”
Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems (2020, background): “A first set of insights coming from the evolutionary approach relates to a specific view of the processes underlying the interactions between innovation, technology institutions, and economic dynamics (Nelson and Winter 1982; Metcalfe 1998; Dosi 1988, Malerba 1992; McKelvey 1996; Metcalfe 2014).”
Knowledge and markets (2001, background): “In the evolutionary view, change in the knowledge-base can be analyzed in terms of change in the populations of actualizations of each idea ( Metcalfe, 1998 ) and also by change in the connective structure of the ideas.”
Economic Emergence: an Evolutionary Economic Perspective (2012, background): “Like Joseph Schumpeter, Smith offered no mathematical representation of this process of emergence but he knew that it was the key to economic growth (Metcalfe (2010b)).”
Towards a Developmental Turn in Evolutionary Economic Geography? (2015, background): “Firstly, the subfield has drawn much inspiration from the way that evolutionary economists have used Darwinian-infused notions in a metaphorical and analogical manner (such as NELSON and WINTER, 1982; METCALFE, 1998; and WITT, 2003).”