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Foundations of Economic Change

A Schumpeterian View on Behaviour, Interaction and Aggregate Outcomes

  • Book
  • © 2017

Overview

Editors:
  1. Andreas Pyka

    1. University of Hohenheim, Stuttgart, Germany

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    You can also search for this editor in PubMed   Google Scholar

  2. Uwe Cantner

    1. Department of Economics, Friedrich Schiller University Jena, Jena, Germany

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    You can also search for this editor in PubMed   Google Scholar

  • Introduces the latest approaches in the analysis of economic change
  • Discusses a broad variety of approaches in modern evolutionary economics
  • Combines theoretical insights with cutting-edge empirical analysis

Part of the book series: Economic Complexity and Evolution (ECAE)

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Table of contents (21 chapters)

  1. Front Matter

    Pages i-vii
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  2. Introduction: Foundations of Economic Change—Behavior, Interaction and Aggregate Outcomes

    • Uwe Cantner, Andreas Pyka
    Pages 1-6

  3. Foundations of Economic Change

    1. Front Matter

      Pages 7-7
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    2. Foundations of Economic Change: An Extended Schumpeterian Approach

      • Uwe Cantner
      Pages 9-49

    3. Behavior and Cognition of Economic Actors in Evolutionary Economics

      • Richard R. Nelson
      Pages 51-67

    4. Upward and Downward Complementarity: The Meso Core of Evolutionary Growth Theory

      • Kurt Dopfer, Jason Potts, Andreas Pyka
      Pages 69-80

  4. Aggregate Outcomes

    1. Front Matter

      Pages 81-81
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    2. Global Dynamics, Capabilities and the Crisis

      • Jan Fagerberg, Martin Srholec
      Pages 83-106

    3. Convergence or Divergence: A Nonparametric Analysis on China’s Regional Disparity

      • Xiang Deng, Jianping Li, Jing Song
      Pages 107-122

    4. Micro to Macro Evolutionary Modeling: On the Economics of Self Organization of Dynamic Markets by Ignorant Actors

      • Gunnar Eliasson
      Pages 123-185

    5. Firms Navigating Through Innovation Spaces: A Conceptualization of How Firms Search and Perceive Technological, Market and Productive Opportunities Globally

      • Maureen McKelvey
      Pages 187-206

    6. A Proposal for a ‘National Innovation System Plus Subjective Well-Being’ Approach and an Evolutionary Systemic Normative Theory of Innovation

      • Hans-Jürgen Engelbrecht
      Pages 207-231

  5. Behaviour

    1. Front Matter

      Pages 233-233
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    2. Confounded, Augmented and Constrained Replicator Dynamics

      • Jacob Rubæk Holm, Esben Sloth Andersen, J. Stanley Metcalfe
      Pages 235-255

    3. The Roots of Growth: Entrepreneurship, Innovation and the Capitalist Firm

      • Michael Joffe
      Pages 257-267

    4. The Journey of Innovation

      • Jorge Niosi
      Pages 269-282

    5. Schumpeterian Incumbents and Industry Evolution

      • Guido Buenstorf
      Pages 283-297

    6. Incremental by Design? On the Role of Incumbents in Technology Niches

      • Daniel S. Hain, Roman Jurowetzki
      Pages 299-332

    7. Entrepreneurs’ Over-optimism During the Early Life Course of the Firm

      • Zornitza Kambourova, Erik Stam
      Pages 333-353

  6. Interaction

    1. Front Matter

      Pages 355-355
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Keywords

About this book

The book illustrates the considerable advances in modern evolutionary economics and addresses core questions of economic behaviour, interaction of heterogeneous actors in uncertain environments and the possibility of aggregating observations on a macro-economic level. It presents the foundations of economic change as the major building blocks of an economic approach that focusses on complex processes driven by endogenous innovation as well as crisis. The theoretical considerations are complemented by econometric studies to demonstrate the relevance of evolutionary-economic thinking to improve our understanding of the most challenging issues related to economic growth and development.

Editors and Affiliations

  • University of Hohenheim, Stuttgart, Germany

    Andreas Pyka

  • Department of Economics, Friedrich Schiller University Jena, Jena, Germany

    Uwe Cantner

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