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During the last two decades we have seen a revival of interest in the works of Joseph Schumpeter and “evolutionary” ideas in economics more generally. A professional society honouring Schumpeter's name has been founded, and linked to it we have had for more than fifteen years now a...
Persistent link: https://www.econbiz.de/10005622416
, with its emphasis on the correspondence of economic and socio-cultural evolution, is therefore to be viewed in the context …
Persistent link: https://www.econbiz.de/10005396189
This paper evaluates Schumpeter's grand vision as reflected in his Capitalism, Socialism and Democracy, and elaborates it in conjunction with the so-called "globalization" trends characteristic of the wake of the twenty-first century. In addition to the evolutionary nature of his methodology,...
Persistent link: https://www.econbiz.de/10005622407
According to the “Generalized Darwinism” movement (GD), the three principles of variation, selection and retention/replication (labeled “Darwinian” in some variants of GD) can and should be used as a meta-theoretical framework for the explanation of evolutionary processes in the...
Persistent link: https://www.econbiz.de/10011001854
Institutions". Specifically, some differences between the strands of American Institutionalism and Schumpeterian economics are …
Persistent link: https://www.econbiz.de/10005396155
<Para ID="Par1">Increasingly, innovation is conceived in a context of conventions or rules and complexity. However …, there is a need for a theoretical basis that describes the innovation process based on complexity. In this essay, we propose … a multilevel micro-meso-macro framework that aims to meet this need and further the discussion on complexity. In this …
Persistent link: https://www.econbiz.de/10011152314
Classical economics was both evolutionary and institutional. With the rise of neoclassical economics, both the evolutionary and the institutional aspects were squeezed out of main line economic theory. The last quarter century has seen a rebirth of both traditions, but as minority intellectual...
Persistent link: https://www.econbiz.de/10005396062
accounting, the relationship between innovation, markets and institutions and, as an example, the development of innovation in …
Persistent link: https://www.econbiz.de/10005622449
evolution of institutions guides the evolution of goods and services. …Our cognitive limitations cause us to rely on institutions to guide reasonable behaviour; market institutions reduce …
Persistent link: https://www.econbiz.de/10005169498
Corruption all over the world is an ancient, but it seems very topical too, concern in politics and in the media. This paper investigates spatial and dynamic aspects of corruption using cellular automata. Although cellular automata are very simple, deterministic machines and thus crude...
Persistent link: https://www.econbiz.de/10005396165