This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing...

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...

Introduction -- Schumpeter's Core Works Revisited -- Back to Engel?- Technological Regimes and Demand Structure in the Evolution of the Pharmaceutical Industry -- Innovation and Demand in Industry Dynamics -- Production and Financial Linkages in Inter-Firm Networks -- Does History Matter?-...

Introduction -- A Research Agenda -- The Role of Banks in the Schumpeterian Innovative Evolution - An Axiomatic Set-up -- Generalized Barriers to Entry and Economic Development -- Inventing Together: Exploring the Nature of International Knowledge Spillovers in Latin America -- Formal and...

Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of...