The paper gives attention to the question of whether the development of evolutionarytheories in biology over the last twenty years has any implications for evolutionaryeconomics. Though criticisms of Darwin and the modern synthesis have alwaysexisted, most of them have not been widely accepted...

According to the advocates of a “Generalized Darwinism” (GD), the three coreDarwinian principles of variation, selection and retention (or inheritance) can be used as ageneral framework for the development of theories explaining evolutionary processes inthe socioeconomic domain. Even though...

Technology and technological change play a central role in economics, whether in the theory of resource allocation or in the theory of growth and development. Yet the nature of technology is largely ignored in economic theory, it being considered sufficient to treat technology as a constraint on...

We analyze the rise and decline of the steel and mining industries in the regionsof Saarland, Lorraine und Luxemburg over a long period, from the mid-19th century to 2003.Our main focus in on the period of structural decline in these industries after the secondworld war. Dierences in the...

IntroductionEntrepreneurship is a fundamental driver of economic evolution. It is also a distinctly spatially unevenprocess, and thus an important explanation of the uneven economic development of regions andnations. Not surprisingly, entrepreneurship is a key element of evolutionary economics...

The concept of “relatedness” between industries plays an increasingly central role in economics andstrategic management. However, relatedness has remained rather elusive in empirical terms. In thisarticle, we investigate relatedness between industries in terms of the extent to which the same...

This paper presents the computational model of consumer behaviour. We consider twosources of product specic consumer skill acquisition, termed here as learning how to consume:learning by consuming and consumer socialization. Consumers utilize these two sources inorder to derive higher valuations...

Schumpeter’s and Hayek’s view of market coordination as being not aboutefficiency, but about endogenous change and never-ending discovery has beenincreasingly recognized even by the mainstream of economics. Underlying this view isthe notion of creative learning agents who bring about...

We explore the idea of public policy from the perspective of evolutionary thinking. Thisinvolves paying attention to concepts like diversity, population, selection, innovation,coevolution, group selection, path-dependence and lock-in. We critically discuss the notion ofevolutionary progress. The...

This paper proposes to identify the micro-level sources for the dy-namic increasing returns occurring at an aggregate level. The paperreverts to a micro model of technological change in-line with the evolu-tionary literature on industrial dynamics. The data generated throughnumerical simulations...