Modern Evolutionary Economics: An Overview

by Richard R. Nelson

Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of Richard Nelson and Sidney Winter's seminal book, An Evolutionary Theory of Economic Change, first published in 1982. In this long-awaited follow-up, Nelson is joined by leading figures in the field of evolutionary economics, reviewing in detail how this perspective has been manifest in various areas of economic inquiry where evolutionary economists have been active. Providing the perfect overview for interested economists and social scientists, readers will learn how in each of the diverse fields featured, evolutionary economics has enabled an improved understanding of how and why economic progress occurs.

Genres: Economics

378 pages, Hardcover

Published May 30, 2018

About the author

Richard R. Nelson was an American professor of economics at Columbia University. He was one of the leading figures in the revival of evolutionary economics thanks to his seminal book An Evolutionary Theory of Economic Change (1982) written jointly with Sidney G. Winter. He was also known for his work on industry, economic growth, the theory of the firm, and technical change. The book he edited, National innovation systems: A comparative analysis (1996) is one of the most influential in innovation studies.

Reviews

[Daniel · Rating 5 out of 5]

I loved this one! It's a great overview giving you a good understanding of the approach of evolutionary economics to several main fields of research. And that without getting too technical outside the appendices. Highly recommended!

[Yisu Z. · Rating 4 out of 5]

Perfect introduction to evolutionary economics.