Element contents
Evolutionary Economics
Its Nature and Future
Published online by Cambridge University Press: 15 July 2019
Summary
This Element examines the historical emergence of evolutionary economics, its development into a strong research theme after 1980, and how it has hosted a diverse set of approaches. Its focus on complexity, economic dynamics and bounded rationality is underlined. Its core ideas are compared with those of mainstream economics. But while evolutionary economics has inspired research in a number of areas in business studies and social science, these have become specialized and fragmented. Evolutionary economics lacks a sufficiently-developed core theory that might promote greater conversation across these fields. A possible unifying framework is generalized Darwinism. Stronger links could also be made with other areas of evolutionary research, such as with evolutionary anthropology and evolutionary psychology. As evolutionary economics has migrated from departments of economics to business schools, institutes of innovation studies and elsewhere, it also needs to address the problem of its lack of a single disciplinary location within academia.
Information
- Type
- Element
- Information
- Online ISBN: 9781108767811Publisher: Cambridge University PressPrint publication: 17 October 2019
References
Alchian, Armen A. (1950) ‘Uncertainty, Evolution, and Economic Theory’, Journal of Political Economy, 58(2), June, pp. 211–22.Google Scholar
Aldrich, Howard E., Hodgson, Geoffrey M., Hull, David L., Knudsen, Thorbjørn, Mokyr, Joel and Vanberg, Viktor J. (2008) ‘In Defence of Generalized Darwinism’, Journal of Evolutionary Economics, 18(5), October, pp. 577–96.CrossRefGoogle Scholar
Aldrich, Howard E. and Ruef, Martin (2006) Organizations Evolving, second edition. (London: Sage).CrossRefGoogle Scholar
Alexander, J. McKenzie (2007) The Structural Evolution of Morality (Cambridge: Cambridge University Press).Google Scholar
Axelrod, Robert M. (1986) ‘An Evolutionary Approach to Norms’, American Political Science Review, 80(4), December, pp. 1095–111.CrossRefGoogle Scholar
Becker, Gary S. (1976) The Economic Approach to Human Behavior (Chicago: University of Chicago Press).CrossRefGoogle Scholar
Bergstrom, Theodore C. (2002) ‘Evolution of Social Behavior: Individual and Group Selection’, Journal of Economic Perspectives, 16(2), Spring, pp. 67–88.Google Scholar
Bicchieri, Cristina (2006) The Grammar of Society (Cambridge and New York: Cambridge University Press).Google Scholar
Binmore, Kenneth and Samuelson, Larry (1994) ‘An Economist’s Perspective on the Evolution of Norms’, Journal of Institutional and Theoretical Economics, 150(1), March, pp. 45–63.Google Scholar
Blau, Peter J. (1994) The Organization of Academic Work (New Brunswick, NJ: Transaction).Google Scholar
Blaug, Mark (1997) ‘Ugly Currents in Modern Economics’, Options Politiques, 18(17), September, pp. 3–8. Reprinted in Mäki, Uskali (ed.) (2002) Fact and Fiction in Economics: Models, Realism and Social Construction (Cambridge and New York: Cambridge University Press).Google Scholar
Blaug, Mark (1999) ‘The Formalist Revolution or What Happened to Orthodox Economics After World War II?’, in Backhouse, Roger E. and Creedy, John (eds.) (1999) From Classical Economics to the Theory of the Firm: Essays in Honour of D. P. O’Brien (Cheltenham: Edward Elgar), pp. 257–80.Google Scholar
Boehm, Christopher (2012) Moral Origins: the Evolution of Virtue, Altruism and Shame (New York: Basic Books).Google Scholar
Boulding, Kenneth E. (1981) Evolutionary Economics (Beverly Hills, CA: Sage Publications).Google Scholar
Bowles, Samuel and Gintis, Herbert (eds.) (2005) Moral Sentiments and Material Interests: the Foundations of Cooperation in Economic Life (Cambridge: Massachusetts Institute of Technology Press).Google Scholar
Bowles, Samuel and Gintis, Herbert (2011) A Cooperative Species: Human Reciprocity and Its Evolution (Princeton, NJ: Princeton University Press).Google Scholar
Boyd, Robert and Richerson, Peter J. (1985) Culture and the Evolutionary Process (Chicago: University of Chicago Press).Google Scholar
Breslin, Dermot (2011) ‘Reviewing a Generalized Darwinist Approach to Studying Socio-Economic Change’, International Journal of Management Reviews, 13(2), pp. 218–35.CrossRefGoogle Scholar
Bunge, Mario A. (1959) Causality: the Place of the Causal Principle in Modern Science (Cambridge, MA: Harvard University Press).Google Scholar
Buss, David M. (1999) Evolutionary Psychology: the New Science of the Mind (Needham Heights, MA: Allyn and Bacon).Google Scholar
Camic, Charles and Hodgson, Geoffrey M. (eds.) (2011) Essential Writings of Thorstein Veblen (London and New York: Routledge).Google Scholar
Camerer, Colin (2003) Behavioral Game Theory: Experiments in Strategic Interaction (Princeton, NJ: Princeton University Press).Google Scholar
Camerer, Colin F. and Fehr, Ernst (2006) ‘When Does “Economic Man” Dominate Social Behavior?’ Science, 311, 6 January, pp. 47–52.Google Scholar
Campbell, Donald T. (1965) ‘Variation, Selection and Retention in Sociocultural Evolution’, in Barringer, H. R., Blanksten, G. I. and Mack, R. W. (eds.), Social Change in Developing Areas: a Reinterpretation of Evolutionary Theory (Cambridge, MA: Schenkman), pp. 19–49.Google Scholar
Case, Donald O. and Higgins, Georgeann M. (2000) ‘How Can We Investigate Citation Behavior? A Study of Reasons for Citing Literature in Communication’, Journal of the American Society for Information Science and Technology, 51(7), pp. 635–45.Google Scholar
Coase, Ronald H. (1937) ‘The Nature of the Firm’, Economica, 4, New Series, November, pp. 386–405.Google Scholar
Cohen, Wesley M. and Levinthal, Daniel A. (1990) ‘Absorptive Capacity: a New Perspective on Learning and Innovation’, Administrative Science Quarterly, 35(1), pp. 128–52.Google Scholar
Cordes, Christian (2006) ‘Darwinism in Economics: from Analogy to Continuity’, Journal of Evolutionary Economics, 16(5), December, pp. 529–41.Google Scholar
Cosmides, Leda and Tooby, John (1994a) ‘Beyond Intuition and Instinct Blindness: towards an Evolutionary Rigorous Cognitive Science’, Cognition, 50(1–3), April–June, pp. 41–77.Google Scholar
Cosmides, Leda and Tooby, John (1994b) ‘Better than Rational: Evolutionary Psychology and the Invisible Hand’, American Economic Review (Papers and Proceedings), 84(2), May, pp. 327–32.Google Scholar
Crane, Diana (1972) Invisible Colleges. Diffusion of Knowledge in Scientific Communities (Chicago: University of Chicago Press).Google Scholar
Cyert, Richard M. and March, James G. (1963) A Behavioral Theory of the Firm (Englewood Cliffs, NJ: Prentice-Hall).Google Scholar
Cziko, Gary (1995) Without Miracles: Universal Selection Theory and the Second Darwinian Revolution (Cambridge: Massachusetts Institute of Technology Press).Google Scholar
Darwin, Charles R. (1859) On the Origin of Species by Means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life (London: Murray).Google Scholar
Darwin, Charles R. (1871) The Descent of Man, and Selection in Relation to Sex, 2 vols. (London: Murray and New York: Hill).Google Scholar
Dawes, Robyn M. and Thaler, Richard H. (1988) ‘Anomalies: Cooperation’, Journal of Economic Perspectives, 2(3), Summer, pp. 187–97.Google Scholar
De Waal, Frans B. M. (2006) Primates and Philosophers: How Morality Evolved (Princeton, NJ: Princeton University Press).CrossRefGoogle Scholar
Degler, Carl N. (1991) In Search of Human Nature: the Decline and Revival of Darwinism in American Social Thought (Oxford and New York: Oxford University Press).Google Scholar
Dennett, Daniel C. (1995) Darwin’s Dangerous Idea: Evolution and the Meanings of Life (London and New York: Allen Lane, and Simon and Schuster).CrossRefGoogle Scholar
Dollimore, Denise E. and Hodgson, Geoffrey M. (2014) ‘Four Essays on Economic Evolution: an Introduction’, Journal of Evolutionary Economics, 24(1), January, pp. 1–10.CrossRefGoogle Scholar
Dopfer, Kurt, Foster, John and Potts, Jason (2004) ‘Micro-Meso-Macro’, Journal of Evolutionary Economics, 14(3), pp. 263–79.Google Scholar
Dosi, Giovanni (1982) ‘Technological Paradigms and Technological Trajectories: a Suggested Interpretation of the Determinants and Directions of Technical Change’, Research Policy, 11(3), pp. 147–62.Google Scholar
Dosi, Giovanni, Freeman, Christopher, Nelson, Richard, Silverberg, Gerald and Soete, Luc L. G. (eds.) (1988) Technical Change and Economic Theory (London: Pinter).Google Scholar
Dosi, Giovanni, Levinthal, Daniel A. and Marengo, Luigi (2003) ‘Bridging Contested Terrain: Linking Incentive‐Based and Learning Perspectives on Organizational Evolution’, Industrial and Corporate Change, 12(2), pp. 413–36.Google Scholar
Dosi, Giovanni, Orietta, Marsili, Orsenigo, Luigi and Salvatore, Roberta (1995) ‘Technological Regimes, Selection and Market Structures’, Small Business Economics, 7, pp. 411–36Google Scholar
Dosi, Giovanni and Metcalfe, J. Stanley (1991) ‘On Some Notions of Irreversibility in Economics’, in Saviotti, Pier Paolo and Metcalfe, J. Stanley (eds.) (1991) Evolutionary Theories of Economic and Technological Change: Present Status and Future Prospects (Reading: Harwood), pp. 133–59.Google Scholar
Dunning, John H. (1989) ‘The Study of International Business: a Plea for a More Interdisciplinary Approach’, Journal of International Business Studies, 20(3), Fall, pp. 411–36.Google Scholar
Edgeworth, Francis Y. (1881) Mathematical Psychics: an Essay on the Application of Mathematics to the Moral Sciences (London: Kegan Paul).Google Scholar
Fletcher, Jeffrey A. and Zwick, Martin (2007). “The Evolution of Altruism: Game Theory in Multilevel Selection and Inclusive Fitness,” Journal of Theoretical Biology, 245(1), pp. 26–36.Google Scholar
Foss, Nicolai Juul (1994), ‘Realism and Evolutionary Economics’, Journal of Social and Evolutionary Systems, 17(1), 21–40.Google Scholar
Foster, John (1997) ‘The Analytical Foundations of Evolutionary Economics: from Biological Analogy to Economic Self-Organisation’, Structural Change and Economic Dynamics, 8(4), October, pp. 427–51.CrossRefGoogle Scholar
Friedman, Milton (1953) ‘The Methodology of Positive Economics’, in Friedman, M., Essays in Positive Economics (Chicago: University of Chicago Press), pp. 3–43.Google Scholar
Geisendorf, Sylvie (2009) ‘The Economic Concept of Evolution – Self-Organization or Universal Darwinism?’ Journal of Economic Methodology, 16(4), December, pp. 359–73.Google Scholar
Georgescu-Roegen, Nicholas (1971) The Entropy Law and the Economic Process (Cambridge, MA: Harvard University Press).CrossRefGoogle Scholar
Gintis, Herbert (2003) ‘The Hitchhiker’s Guide to Altruism: Genes, Culture, and the Internalization of Norms’, Journal of Theoretical Biology, 220(4), pp. 407–18.CrossRefGoogle Scholar
Gintis, Herbert, Bowles, Samuel, Boyd, Robert and Fehr, Ernst (eds.) (2003) ‘Explaining Altruistic Behavior in Humans’, Evolution and Human Behavior, 24(2), pp. 153–72.Google Scholar
Gintis, Herbert, Bowles, Samuel, Boyd, Robert and Fehr, Ernst (eds.) (2005) Moral Sentiments and Material Interests: the Foundations of Cooperation in Economic Life (Cambridge: Massachusetts Institute of Technology Press).CrossRefGoogle Scholar
Godfrey-Smith, Peter (2009) Darwinian Populations and Natural Selection (Oxford: Oxford University Press).Google Scholar
Gowdy, John M. (2004) ‘Altruism, Evolution, and Welfare Economics’, Journal of Economic Behavior and Organization, 53(1), February, pp. 69–73.Google Scholar
Hahn, Frank H. (1991) ‘The Next Hundred Years’, Economic Journal, 101(1), January, pp. 47–50.CrossRefGoogle Scholar
Haidt, Jonathan (2012) The Righteous Mind: Why Good People are Divided by Politics and Religion (London: Penguin).Google Scholar
Haltiwanger, John and Waldman, Michael (1985) ‘Rational Expectations and the Limits of Rationality: an Analysis of Heterogeneity’, American Economic Review 75.3: 159–73.Google Scholar
Hammerstein, Peter (ed.) (2003) Genetic and Cultural Evolution of Cooperation (Cambridge: Massachusetts Institute of Technology Press).Google Scholar
Hannan, Michael T. and Freeman, John (1989) Organizational Ecology (Cambridge, MA: Harvard University Press).Google Scholar
Hargreaves Heap, Shaun P. and Varoufakis, Yanis (1995) Game Theory: a Critical Introduction, Routledge, London and New York.CrossRefGoogle Scholar
Hayek, Friedrich A. (1967) ‘Notes on the Evolution of Systems of Rules of Conduct’, from Hayek, Friedrich A. (1967) Studies in Philosophy, Politics and Economics (London: Routledge and Kegan Paul), pp. 66–81.Google Scholar
Hayek, Friedrich A. (1948) Individualism and Economic Order (London and Chicago: George Routledge and University of Chicago Press).Google Scholar
Hayek, Friedrich A. (1973) Law, Legislation and Liberty; Volume 1: Rules and Order (London: Routledge and Kegan Paul).Google Scholar
Hayek, Friedrich A. (1979) Law, Legislation and Liberty; Volume 3: The Political Order of a Free People (London: Routledge and Kegan Paul).Google Scholar
Hayek, Friedrich A. (1988) The Fatal Conceit: the Errors of Socialism. The Collected Works of Friedrich August Hayek, Vol. I, ed. Bartley III, William W. (London: Routledge).Google Scholar
Henrich, Joseph (2004) ‘Cultural Group Selection, Coevolutionary Processes and Large-Scale Cooperation’, Journal of Economic Behavior and Organization, 53(1), February, pp. 3–35.Google Scholar
Henrich, Joseph, Boyd, Robert, Bowles, Samuel, Camerer, Colin, Fehr, Ernst, Gintis, Herbert and McElreath, Richard (2001) ‘In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies’, American Economic Review (Papers and Proceedings), 91(2), May, pp. 73–84.Google Scholar
Henrich, Joseph, Boyd, Robert, Bowles, Samuel, Camerer, Colin, Fehr, Ernst, and Gintis, Herbert (2004) Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies (Oxford and New York: Oxford University Press).Google Scholar
Higher Education Student Statistics UK (2018) HESA, ‘Higher Education Student Statistics: UK, 2016/17 – Qualifications Achieved’. www.hesa.ac.uk/news/11–01-2018/sfr247-higher-education-student-statistics/qualifications. (Retrieved 14 July 2018.)Google Scholar
Hodgson, Geoffrey M. (1993) Economics and Evolution: Bringing Life Back Into Economics (Cambridge, UK and Ann Arbor, MI: Polity Press and University of Michigan Press).Google Scholar
Hodgson, Geoffrey M. (1997) ‘The Ubiquity of Habits and Rules’, Cambridge Journal of Economics, 21(6), November, pp. 663–84.CrossRefGoogle Scholar
Hodgson, Geoffrey M. (2004a) The Evolution of Institutional Economics: Agency, Structure and Darwinism in American Institutionalism (London and New York: Routledge).Google Scholar
Hodgson, Geoffrey M. (2004b) ‘Darwinism, Causality and the Social Sciences’, Journal of Economic Methodology, 11(2), June, pp. 175–94.Google Scholar
Hodgson, Geoffrey M. (2007a) ‘The Revival of Veblenian Institutional Economics’, Journal of Economic Issues, 41(2), June, pp. 325–40.Google Scholar
Hodgson, Geoffrey M. (2007b) ‘Taxonomizing the Relationship between Biology and Economics: a Very Long Engagement’, Journal of Bioeconomics, 9(2), August, pp. 169–85.Google Scholar
Hodgson, Geoffrey M. (2007c) ‘Evolutionary and Institutional Economics as the New Mainstream?’, Evolutionary and Institutional Economics Review, 4(1), September 2007, pp. 7–25.Google Scholar
Hodgson, Geoffrey M. (2009) ‘On the Institutional Foundations of Law: the Insufficiency of Custom and Private Ordering’, Journal of Economic Issues, 43(1), March, pp. 143–66.Google Scholar
Hodgson, Geoffrey M. (2011) ‘Organizational Evolution versus the Cult of Change’, Corporate Finance Review, January–February, 16(1), pp. 5–10.Google Scholar
Hodgson, Geoffrey M. (2013a) ‘Understanding Organizational Evolution: toward a Research Agenda using Generalized Darwinism’, Organization Studies, 34(7), July 2013, pp. 973–92.Google Scholar
Hodgson, Geoffrey M. (2013b) From Pleasure Machines to Moral Communities: an Evolutionary Economics without Homo Economicus (Chicago: University of Chicago Press).Google Scholar
Hodgson, Geoffrey M. (2014) ‘The Evolution of Morality and the End of Economic Man’, Journal of Evolutionary Economics, 24(1), January, pp. 83–106.Google Scholar
Hodgson, Geoffrey M. (2015) Conceptualizing Capitalism: Institutions, Evolution, Future (Chicago: University of Chicago Press).Google Scholar
Hodgson, Geoffrey M. (2019) Is There a Future for Heterodox Economics? Institutions, Ideology and a Scientific Community (Cheltenham, UK and Northampton, MA: Edward Elgar).Google Scholar
Hodgson, Geoffrey M., Herman, Stephen and Dollimore, Denise E. (2017) ‘Adaptability and Survival in Small- and Medium-Sized Firms’, Industrial and Corporate Change, published online.Google Scholar
Hodgson, Geoffrey M. and Huang, Kainan (2012) ‘Evolutionary Game Theory and Evolutionary Economics: Are They Different Species?’ Journal of Evolutionary Economics, 22, pp. 345–66.Google Scholar
Hodgson, Geoffrey M. and Knudsen, Thorbjørn (2006) ‘Why We Need a Generalized Darwinism: and Why a Generalized Darwinism Is Not Enough’, Journal of Economic Behavior and Organization, 61(1), September, pp. 1–19.Google Scholar
Hodgson, Geoffrey M. and Knudsen, Thorbjørn (2010) Darwin’s Conjecture: the Search for General Principles of Social and Economic Evolution (Chicago: University of Chicago Press).Google Scholar
Hodgson, Geoffrey M. and Lamberg, Juha-Antti (2018) ‘The Past and Future of Evolutionary Economics: Some Reflections Based on New Bibliometric Evidence’, Evolutionary and Institutional Economics Review, 15(1), pp. 167–87.Google Scholar
Hodgson, Geoffrey M. and Stoelhorst, J. W. (2014) ‘Introduction to the Special Issue on the Future of Institutional and Evolutionary Economics’, Journal of Institutional Economics, 10(4), December, pp. 513–40.Google Scholar
Hull, David L. (1988) Science as a Process: an Evolutionary Account of the Social and Conceptual Development of Science (Chicago: University of Chicago Press).Google Scholar
Hurd, Peter L. (1995) ‘Communication in Discrete Action-Response Games’, Journal of Theoretical Biology, 174(2), pp. 217–22.Google Scholar
Jäger, Gerhard (2008) ‘Evolutionary Stability Conditions for Signalling Games with Costly Signals’, Journal of Theoretical Biology, 253(2), pp. 131–41.Google Scholar
Jones, Lamar B. (1995) ‘C. E. Ayres’s Reliance on T. H. Huxley: Did Darwin’s Bulldog Bite?’ American Journal of Economics and Sociology, 54(4), October, pp. 413–20.CrossRefGoogle Scholar
Joyce, Richard (2006) The Evolution of Morality (Cambridge: Massachusetts Institute of Technology Press).Google Scholar
Kameda, Tatsuya and Nakanishi, Daisuke (2003) ‘Does Social/Cultural Learning Increase Human Adaptability? Rogers’s Question Revisited’, Evolution and Human Behavior, 24(4), pp. 242–60.Google Scholar
Kauffman, Stuart A. (1993) The Origins of Order: Self-Organization and Selection in Evolution (Oxford and New York: Oxford University Press).Google Scholar
Kauffman, Stuart A. (1995) At Home in the Universe: the Search for Laws of Self-Organization and Complexity (Oxford and New York: Oxford University Press).Google Scholar
Kitcher, Philip (1993) The Advancement of Science: Science without Legend, Objectivity without Illusions (Oxford and New York: Oxford University Press).Google Scholar
Klaes, Matthias (2004) ‘Evolutionary Economics: in Defence of “Vagueness”’, Journal of Economic Methodology, 11(3), September, pp. 359–76.CrossRefGoogle Scholar
Klamer, Arjo and Colander, David (1990) The Making of an Economist (Boulder: Westview Press).Google Scholar
Knorr-Cetina, Karin D. (1981) The Manufacture of Knowledge: an Essay on the Constructivist and Contextual Nature of Science (Oxford: Pergamon).Google Scholar
Kornai, János (1971) Anti-Equilibrium: on Economic Systems Theory and the Tasks of Research (Amsterdam: North-Holland). Reprinted 1991 (New York: Augustus Kelley).Google Scholar
Krueger, Anne O. (1991) ‘Report on the Commission on Graduate Education in Economics’, Journal of Economic Literature, 29(3), September, pp. 1035–53.Google Scholar
Kuhn, Thomas S. (1962) The Structure of Scientific Revolutions (Chicago: University of Chicago Press).Google Scholar
Lakatos, Imre (1970) ‘Falsification and the Methodology of Scientific Research Programmes’, in Lakatos, Imre and Musgrave, Alan (eds.) (1970) Criticism and the Growth of Knowledge (Cambridge: Cambridge University Press) pp. 91–195.Google Scholar
Lamarck, Jean Baptiste de (1963) Zoological Philosophy: an Exposition with Regard to the Natural History of Animals, translated from the 1st French edn. of 1809 (New York: Hafner).Google Scholar
Laudan, Larry (1977) Progress and Its Problems: towards a Theory of Scientific Growth (London: Routledge and Kegan Paul).Google Scholar
Levinthal, Daniel A. (1992) ‘Surviving Schumpeterian Environments: an Evolutionary Perspective’, Industrial and Corporate Change, 1, pp. 427–43.CrossRefGoogle Scholar
Lewin, Arie Y. and Mitchell, P. Koza (2001) ‘Editorial’, Organization Studies, 22(6), November, pp. v–xii.Google Scholar
Lewin, Arie Y. and Volberda, Henk W. (1999) ‘Prolegomena on Coevolution: a Framework for Research on Strategy and New Organizational Forms’, Organization Science, 10(5), September–October, pp. 519–34.Google Scholar
Lewontin, Richard C. (1961) ‘Evolution and the Theory of Games’, Journal of Theoretical Biology, 1, pp. 382–403.CrossRefGoogle ScholarPubMed
Lopes, Helena, Santos, Ana C. and Teles, Nuno (2009) ‘The Motives for Cooperation in Work Organisations’, Journal of Institutional Economics, 5(3), December, pp. 259–88.Google Scholar
Lucio-Arias, Diana and Leydesdorff, Loet (2008) ‘Main-Path Analysis and Path-Dependent Transitions in HistCite™-Based Historiograms’, Journal of the American Society for Information Science and Technology, 59(12), pp. 1948–62.Google Scholar
Lundvall, Bengt-Åke (ed.) (1992) National Systems of Innovation: towards a Theory of Innovation and Interactive Learning (London: Pinter).Google Scholar
Mackie, John Leslie (1977) Ethics: Inventing Right and Wrong (Harmondsworth: Penguin).Google Scholar
Malerba, Franco, Nelson, Richard R., Orsenigo, Luigi and Winter, Sidney G. (1999) ‘“History Friendly” Models of Industry Evolution: the Computer Industry’, Industrial and Corporate Change, 8(1), pp. 3–40.Google Scholar
Malerba, Franco and Orsenigo, Luigi (2002) ‘Innovation and Market Structure in the Dynamics of the Pharmaceutical Industry and Biotechnology: towards a History-Friendly Model’ Industrial and Corporate Change, 11(4), pp. 667–703.Google Scholar
March, James G. (1991). ‘Exploration and Exploitation in Organizational Learning’, Organization Science, 2(1), pp. 71–87.Google Scholar
Marshall, Alfred (1890) Principles of Economics: An Introductory Volume (London: Macmillan).Google Scholar
Marx, Karl (1976) Capital, vol. 1, translated by Ben Fowkes from the fourth German edition of 1890 (Harmondsworth: Pelican).Google Scholar
Maynard Smith, John (1972) ‘Game Theory and the Evolution of Fighting’, in Maynard Smith, John, On Evolution (Edinburgh: Edinburgh University Press) pp. 8–28.Google Scholar
Maynard Smith, John (1982) Evolutionary Game Theory (Cambridge: Cambridge University Press).Google Scholar
Maynard Smith, John and Price, George R. (1973) ‘The Logic of Animal Conflict’, Nature, 246, pp. 15–18.Google Scholar
Mayr, Ernst (1991) One Long Argument: Charles Darwin and the Genesis of Modern Evolutionary Thought (Cambridge, MA and London: Harvard University Press and Allen Lane).Google Scholar
McCloskey, Deirdre N. (2006) The Bourgeois Virtues: Ethics for an Age of Commerce (Chicago: Chicago University Press).Google Scholar
McKelvey, Maureen (1996) Evolutionary Innovations: the Business of Biotechnology (Oxford: Oxford University Press).Google Scholar
Menger, Carl (1871) Grundsätze der Volkwirtschaftslehre, 1st edn. (Tübingen: J. C. B. Mohr). Published in English in 1981 as Principles of Economics (New York: New York University Press).Google Scholar
Metcalfe, J. Stanley (1998) Evolutionary Economics and Creative Destruction (London and New York: Routledge).CrossRefGoogle Scholar
Minkler, Lanse P. (2008) Integrity and Agreement: Economics When Principles Also Matter (Ann Arbor, MI: University of Michigan Press).CrossRefGoogle Scholar
Murmann, Johann Peter (2003) Knowledge and Competitive Advantage: the Coevolution of Firms, Technology and National Institutions (Cambridge and New York: Cambridge University Press).CrossRefGoogle Scholar
Murmann, Johann Peter, Aldrich, Howard E., Levinthal, Daniel and Winter, Sidney G. (2003) ‘Evolutionary Thought in Management and Organization Theory at the Beginning of the New Millennium: a Symposium on the State of the Art and Opportunities for Future Research’, Journal of Management Inquiry, 12(1), March, pp. 22–40.Google Scholar
Nakahashi, Wataru (2007) ‘The Evolution of Conformist Transmission in Social Learning when the Environment Changes Periodically’, Theoretical Population Biology, 72(1), pp. 52–66.Google Scholar
National Centre for Education Statistics (2017) Digest of Education Statistics. https://nces.ed.gov/fastfacts/display.asp?id=37. (Retrieved 14 July 2018.)Google Scholar
Nelson, Richard R. (ed.) (1993) National Innovation Systems: a Comparative Analysis (Oxford: Oxford University Press).Google Scholar
Nelson, Richard R. (2008) ‘Factors Affecting the Power of Technological Paradigms’, Industrial and Corporate Change, 17(3), pp. 485–97.Google Scholar
Nelson, Richard R. and Winter, Sidney G. (1982) An Evolutionary Theory of Economic Change (Cambridge, MA: Harvard University Press).Google Scholar
Noam, Eli M. (1995) ‘Electronics and the Dim Future of the University’, Science, Vol. 270, October 13, pp. 247–9.Google Scholar
Nowak, Martin A., Plotkin, Joshua B. and Krakauer, David C. (1999) ‘The Evolutionary Language Game’, Journal of Theoretical Biology, 200(2), pp. 147–62.Google Scholar
Nowak, Martin A. and Sigmund, Karl (2005) ‘Evolution of Indirect Reprocity’, Nature, 437, 27 October, pp. 1291–8.Google Scholar
Ostrom, Elinor (2000) ‘Collective Action and the Evolution of Social Norms’, Journal of Economic Perspectives, 14(3), Summer, pp. 137–58.Google Scholar
Pawlowitsch, Christina (2007) ‘Finite Populations Choose an Optimal Language’, Journal of Theoretical Biology, 249(3), pp. 606–16.Google Scholar
Pawlowitsch, Christina (2008) ‘Why Evolution Does Not Always Lead to an Optimal Signaling System’, Games and Economic Behavior, 63(1), pp. 203–26.Google Scholar
Peirce, Charles Sanders (1958) Selected Writings (Values in a Universe of Chance), edited with an introduction by Wiener, Philip P. (New York: Doubleday).Google Scholar
Pessali, Huascar F. (2006) ‘The Rhetoric of Oliver Williamson’s Transaction Cost Economics’, Journal of Institutional Economics, 2(1), April, pp. 45–65.Google Scholar
Polanyi, Michael (1962) ‘The Republic of Science: Its Political and Economic Theory’, Minerva, 1, pp. 54–73.Google Scholar
Potts, Jason (2000) The New Evolutionary Microeconomics: Complexity, Competence and Adaptive Behaviour (Cheltenham: Edward Elgar).Google Scholar
Price, George R. (1995) ‘The Nature of Selection’, Journal of Theoretical Biology, 175, pp. 389–96.Google Scholar
Richards, Robert J. (1992) The Meaning of Evolution: the Morphological Construction and Ideological Reconstruction of Darwin’s Theory (Chicago: University of Chicago Press).Google Scholar
Richerson, Peter J. and Boyd, Robert (2004) Not by Genes Alone: How Culture Transformed Human Evolution (Chicago: University of Chicago Press).Google Scholar
Richiardi, Matteo and Leombruni, Roberto (2005) ‘Why Are Economists Sceptical about Agent-Based Simulations?’ Physica A, 355(1), pp. 103–9.Google Scholar
Rizvi, S. Abu Turab (1994a) ‘The Microfoundations Project in General Equilibrium Theory’, Cambridge Journal of Economics, 18(4), August, pp. 357–77.Google Scholar
Rizvi, S. Abu Turab (1994b) ‘Game Theory to the Rescue?’, Contributions to Political Economy, 13, pp. 1–28.Google Scholar
Rutherford, Malcolm H. (2011) The Institutionalist Movement in American Economics, 1918–1947: Science and Social Control (Cambridge and New York: Cambridge University Press).Google Scholar
Sally, David (1995) ‘Conversation and Cooperation in Social Dilemmas: a Meta-Analysis of Experiments from 1958–1992’, Rationality and Society, 7(1), pp. 58–92.Google Scholar
Sánchez, Angel and Cuesta, José A. (2005) ‘Altruism May Arise from Individual Selection’, Journal of Theoretical Biology, 235(2), pp. 233–40.Google Scholar
Saviotti, Pier Paolo (1996) Technological Evolution, Variety and the Economy (Aldershot: Edward Elgar).Google Scholar
Schumpeter, Joseph A. (1934) The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, translated by Redvers Opie from the second German edition of 1926, first edition 1911 (Cambridge, MA: Harvard University Press).Google Scholar
Schumpeter, Joseph A. (1939) Business Cycles: a Theoretical Statistical and Historical Analysis of the Capitalist Process, 2 vols. (New York: McGraw-Hill).Google Scholar
Schumpeter, Joseph A. (1942) Capitalism, Socialism and Democracy, 1st edn. (London: George Allen and Unwin).Google Scholar
Sen, Amartya K. (1977) ‘Rational Fools: a Critique of the Behavioral Foundations of Economic Theory’, Philosophy and Public Affairs, 6(4), pp. 317–44.Google Scholar
Sen, Amartya K. (1987) On Ethics and Economics (Oxford and New York: Basil Blackwell).Google Scholar
Silva, Sandra Tavares and Teixeira, Aurora A. C. (2009) ‘On the Divergence of Evolutionary Research Paths in the Past 50 years: a Comprehensive Bibliometric Account’, Journal of Evolutionary Economics, 19(5), October, pp. 605–42.Google Scholar
Silverberg, Gerald, Dosi, Giovanni and Orsenigo, Luigi (1988) ‘Innovation, Diversity and Diffusion: a Self-Organization Model’, Economic Journal, 98(4), December, pp. 1032–54.Google Scholar
Simon, Herbert A. (1957) Models of Man: Social and Rational. Mathematical Essays on Rational Human Behavior in a Social Setting (New York: Wiley).Google Scholar
Skyrms, Brian (1996) Evolution of the Social Contract (Cambridge and New York: Cambridge University Press).Google Scholar
Skyrms, Brian (2004). The Stag Hunt and the Evolution of Social Structure (Cambridge and New York: Cambridge University Press).Google Scholar
Small, Henry (2004) ‘On the Shoulders of Robert Merton: towards a Normative Theory of Citation’, Scientometrics, 60(1), pp. 71–9.Google Scholar
Sober, Elliott and Wilson, David Sloan (1998) Unto Others: the Evolution and Psychology of Unselfish Behavior (Cambridge, MA: Harvard University Press).Google Scholar
Sperber, Dan (2000) ‘An Objection to the Memetic Approach to Culture’, in Aunger, Robert (ed.) (2000) Darwinizing Culture: the Status of Memetics as a Science (Oxford and New York: Oxford University Press), pp. 162–73.Google Scholar
Starkey, Ken and Madan, Paula (2001) ‘Bridging the Relevance Gap: Aligning Stakeholders in the Future of Management Research’, British Journal of Management, 12 (Supplement S1), December, pp. S3–S26.Google Scholar
Sterelny, Kim, Smith, Kelly C. and Dickison, Michael (1996) ‘The Extended Replicator’, Biology and Philosophy, 11, pp. 377–403.Google Scholar
Stoelhorst, J. W. (2008) ‘The Explanatory Logic and Ontological Commitments of Generalized Darwinism’, Journal of Economic Methodology, 15(4), December, pp. 343–63.Google Scholar
Stoelhorst, J. W. (2014) ‘The Future of Evolutionary Economics Is in a Vision from the Past: a Comment on the Essays on Evolutionary Economics by Sidney Winter and Ulrich Witt’, Journal of Institutional Economics, 10(4), December, pp. 665–82.Google Scholar
Sugden, Robert (1986) The Economics of Rights, Co-operation and Welfare (Oxford: Basil Blackwell).Google Scholar
Sugden, Robert (2000) ‘Credible Worlds: the Status of Theoretical Models in Economics’, Journal of Economic Methodology, 7(1), March, pp. 1–31.Google Scholar
Usher, John M. and Evans, Martin G. (1996) ‘Life and Death along Gasoline Alley: Darwinian and Lamarckian Processes in a Differentiating Population’, Academy of Management Journal, 39(5), October, pp. 1428–66.Google Scholar
Vanberg, Viktor J. (1986) ‘Spontaneous Market Order and Social Rules: a Critique of F. A. Hayek’s Theory of Cultural Evolution’, Economics and Philosophy, 2(1), April, pp. 75–100.Google Scholar
Vanberg, Viktor J. (2004) ‘The Rationality Postulate in Economics: Its Ambiguity, Its Deficiency and Its Evolutionary Alternative’, Journal of Economic Methodology 11.1: 1–29.Google Scholar
Veblen, Thorstein B. (1898) ‘Why Is Economics Not an Evolutionary Science?’, Quarterly Journal of Economics, 12(3), July, pp. 373–97. Reprinted in Camic and Hodgson (2011).Google Scholar
Veblen, Thorstein B. (1899) The Theory of the Leisure Class: an Economic Study in the Evolution of Institutions (New York: Macmillan).Google Scholar
Veblen, Thorstein B. (1906) ‘The Socialist Economics of Karl Marx and His Followers I: the Theories of Karl Marx’, Quarterly Journal of Economics, 20(3), August, pp. 578–95. Reprinted in Camic and Hodgson (2011).Google Scholar
Veblen, Thorstein B. (1907) ‘The Socialist Economics of Karl Marx and His Followers II: the Later Marxism’, Quarterly Journal of Economics, 21(1), February, pp. 299–322. Reprinted in Camic and Hodgson (2011).Google Scholar
Veblen, Thorstein B. (1919) The Place of Science in Modern Civilisation and Other Essays (New York: Huebsch).Google Scholar
Verspagen, Bart and Werker, Claudia (2003) ‘The Invisible College of the Economics of Innovation and Technological Change’, Estudios de Economía Aplicada, 21(3), pp. 393–419.Google Scholar
Villena, Mauricio G. and Villena, Marcelo J. (2004) ‘Evolutionary Game Theory and Thorstein Veblen’s Evolutionary Economics: Is EGT Veblenian?’, Journal of Economic Issues, 38(3), September, pp. 585–610.Google Scholar
Wakano, Joe Yuichiro, Aoki, Kenichi and Feldman, Marcus W. (2004) ‘Evolution of Social Learning: a Mathematical Analysis’, Theoretical Population Biology, 66(3), pp. 249–58.Google Scholar
Wakano, Joe Yuichiro and Aoki, Kenichi (2006) ‘A Mixed Strategy Model for the Emergence and Intensification of Social Learning in a Periodically Changing Natural Environment’, Theoretical Population Biology, 70(4), pp. 486–97.Google Scholar
Walras, Léon (1874) Éléments d’économie politique pure, ou théorie de la richesse sociale (Lausanne: Rouge).Google Scholar
Weingart, Peter and Stehr, Nico (eds.) (2000) Practicising Interdisciplinarity (Toronto: University of Toronto Press).Google Scholar
Wenger, Etienne (1998) Communities of Practice: Learning, Memory and Identity (Cambridge: Cambridge University Press).Google Scholar
Wicksteed, Philip H. (1910) The Commonsense of Political Economy, Including a Study of the Human Basis of Economic Law (London: Macmillan).Google Scholar
Williamson, Oliver E. (1975) Markets and Hierarchies: Analysis and Anti-Trust Implications: a Study in the Economics of Internal Organization (New York: Free Press).Google Scholar
Williamson, Oliver E. (1985) The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting (London and New York: Free Press and Macmillan).Google Scholar
Wilson, David Sloan (2002) Darwin’s Cathedral: Evolution, Religion, and the Nature of Society (Chicago: University of Chicago Press).Google Scholar
Winter, Sidney G. Jr (1987) ‘Natural Selection and Evolution’, in Eatwell, John, Milgate, Murray and Newman, Peter (eds.) (1987) The New Palgrave Dictionary of Economics (London: Macmillan), vol. 3, pp. 614–17.Google Scholar
Witt, Ulrich (ed.) (1992) Explaining Process and Change: Approaches to Evolutionary Economics, Ann Arbor, MI: University of Michigan Press.Google Scholar
Witt, Ulrich (1997) ‘Self-Organisation and Economics – What Is New?’ Structural Change and Economic Dynamics, 8, pp. 489–507.Google Scholar
Witt, Ulrich (2002) ‘How Evolutionary Is Schumpeter’s Theory of Economic Development?’, Industry and Innovation, 9(1/2), pp. 7–22.Google Scholar
Witt, Ulrich (2003) The Evolving Economy: Essays on the Evolutionary Approach to Economics (Cheltenham, UK and Northampton, MA: Edward Elgar).Google Scholar
Witt, Ulrich (2008) ‘What Is Specific about Evolutionary Economics?’ Journal of Evolutionary Economics, 18, pp. 547–75.Google Scholar
Zak, Paul J. (ed.) (2008) Moral Markets: the Critical Role of Values in the Economy (Princeton: Princeton University Press).Google Scholar
Zollman, Kevin J. S. (2005) ‘Talking to Neighbors: the Evolution of Regional Meaning’, Philosophy of Science, 72(1), pp. 69–85.Google Scholar
Accessibility standard: Unknown
Why this information is here
This section outlines the accessibility features of this content - including support for screen readers, full keyboard navigation and high-contrast display options. This may not be relevant for you.Accessibility Information
Accessibility compliance for the HTML of this element is currently unknown
and may be updated in the future.
- 31
- Cited by