Understanding Economic Change (eBook, ePUB)

Advances in Evolutionary Economics
Redaktion: Witt, Ulrich

• Format: ePub

Produktbeschreibung

Although the economy has always been changing, ever more innovations now seem to accelerate the transformation process. Are there any laws governing the incessant global change? Does it accord with our intentions and desires and make us happier? Do our institutions and our democracies cope with the challenges? How does economic theory explain what is going on? In this volume, experts in the field discuss the advances that evolutionary economics has made in exploring questions like these. The broad range of topics include a review of the development of the field: its conceptual and methodological characteristics are outlined; problems posed by macroeconomic evolution and the institutional challenges are highlighted; and, last but not least, the implications of the evolution of the economy for wellbeing and sustainability are addressed. Taken together, the contributions demonstrate the potential of an evolutionary paradigm for making sense of economic change and for assessing its consequences.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 29. November 2018
• Englisch
• ISBN-13: 9781108577670
• Artikelnr.: 54674117

Inhaltsangabe

Part I. Introduction: 1. Evolutionary economics: taking stock of its
progress and emerging challenges Ulrich Witt and Andreas Chai; Part II.
Conceptual and Methodological Problems: 2. Missed connections and
opportunities foregone: a counterfactual history of twentieth century
economics Brian J. Loasby; 3. Science, technology, and knowledge: what
historians can learn from an evolutionary approach Joel Mokyr; 4.
Generalized Darwinism in evolutionary economics: the devil is in the
details Jack Vromen; Part III. Perspectives on Evolutionary Macroeconomics:
5. Macroeconomic evolution: long run development and short run policies
Richard H. Day; 6. Evolutionary micro-founded technical change and the
Kaldor-Verdoorn law: estimates from an artificial world André Lorentz; Part
IV. Advances in Explaining and Assessing Institutional Evolution: 7.
Democracy, rationality and religion Dennis C. Mueller; 8. On the evolution
of organizational governance: divided governance and survival in the long
run Roger D. Congleton; 9. Strategic interaction and externalities:
FD-games and pollution Reinoud Joosten; 10. Fairness in urban land use: an
evolutionary contribution to law and economics Christian Schubert; Part V.
Evolutionary Perspectives on Welfare and Sustainability: 11. As innovations
drive economic change, do they also improve our welfare? Martin Binder and
Ulrich Witt; 12. Sustainable consumption patterns and the malleability of
consumer preferences: an evolutionary perspective Andreas Chai.