Contrary to most writing in the field of evolutionary economics which have a strong micoreconomic flavor, here a macroeconomic evolutionary model will be presented in order to deal with the macroeconomic employment effect of technical change where there is just one old and one new technology....

Virtually all models of economic change are based on a Darwinian picture of a world where change is gradual, smooth, and where economic survival depends on being more efficient. This paper, drawing from current controversies in evolutionary biology, presents a broader interpretation of...

Standard transaction cost economics (TCE) considers transactions from the perspective of static efficiency. Increasingly, attention is required to dynamic efficiency; to capabilities to exploit transaction relations for innovation. Since innovation is dependent on knowledge and learning, the...

This paper discusses the role of the organizational structure in shaping the organizational learning process. Learning is modelled by means of a computational model in which search takes place in the space of problem representations and cannot be reduced to mere probability updating within a...

A model of technology diffusion and growth originally proposed by Batten (1987), taking into account the interaction of the supply of and demand for a new product, is modified so as to admit a production technology with increasing returns to scale and the possibility of a competition between two...

Two lines of reasoning on very long-term socio-economic change, which was a basic issue of classical economic thinking, are confronted: New Institutional Economics (NIE) and Evolutionary Economics (EE). It is demonstrated that EE offers an explanation which is both more consistent and more...

A concept for modelling nonlinear economic dynamics is presented and exemplified by a concrete model. Generally, a configuration of macroeconomic variables is considered whose probabilistic evolution is coupled to the decision-making of agents and is described by a master equation. The...

The Schumpeter theory of the role of money in a technologically developing economy can be formalised in terms of an evolutive von Neumann model. The present paper first, incorporates credit money into the von Neumann framework, and second, permits additions to the input and output matrices to...

An important problem in theoretical biology is to explain how altruism can have positive selection value. We model socialization as a costly public good that raises altruism and we study evolution equations for altruistic preferences. Stable cultural (social) equilibria exist in which...