Innovation and industrial evolution -- History-friendly models: methods and fundamentals -- The US computer industry and the dynamics of concentration -- Vertical integration and dis-integration in the computer industry -- The pharmaceutical industry and the role of demand -- Reprise and conclusions

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...

This study develops an evolutionary theory of the capabilities and behavior of business firms operating in a market environment. It includes both general discussion and the manipulation of specific simulation models consistent with that theory. The analysis outlines the differences between an...