What is specific about evolutionary economics?

By Ulrich Witt. 2008

266 citations recorded by the source corpus.

Ever since an “evolutionary” perspective on the economy has been suggested, there have been differing, and partly incommensurable, views on what specifically this means. By working out where the differences lie and what motivates them, this paper identifies four major approaches to evolutionary economics. The differences between them can be traced back to opposite positions regarding the basic assumptions about reality and the proper conceptualization of evolution. The same differences can also be found in evolutionary game theory. Achievements of the major approaches to evolutionary economics and their prospects for future research are assessed by means of a peer survey.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/97d7982d8d1f34ed04b648b8f703544c36713223

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In Economics and Econometrics

Citations in the corpus

Can Darwinism be “Generalized” and of what use would this be? (2011, background): “hypothesis”, Witt (2003 chap 1; 2004, 2008) claims that the Darwinian theory is relevant for understanding economic evolution, albeit not in the form of abstract one-fits-all principles but rather as a meta-theory about how manmade evolution could emerge from, and is molded in, evolution in nature”
Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems (2020, background): “In the broad area of evolutionary economics community (see especially Witt 2008; Fagerberg 2003; Hodgson 2015; Dosi and Nelson 2011; Dosi et al. 2002; Nelson 2011; Nelson and Winter 2002) we draw specifically on the Nelson and Winter tradition and on the work byMetcalfe and colleagues regarding the…”