In this paper, we concentrate on how evolutionary economics contributes to a better understanding of the spatial evolution of newly emerging industries. Inspired by evolutionary thinking, four types of explanations are discussed and tested in an empirical analysis of the spatial pattern of the...

This paper tries to demonstrate that the well developed analysis of directional selection within evolutionary economics can be complemented by analyses of stabilizing selection and disruptive selection. It also tries to demonstrate that the evolutionary algebra provided by Price’s equation...

Although the branch of economics that deals with economic evolution has become established during the last couple of decades, its aims and potentials can most easily be understood on the background of the work of early pioneers. Joseph A. Schumpeter’s contribution not only analysed capitalist...

This paper argues that not only Edith Penrose, but also Harold Demsetz should be seen as a dominant source of inspiration for RBP scholars, that these two crucial influences hold different and even conflicting views of the economic process, and that they helped found different research areas and...

Twenty years have passed since Nelson and Winter (1982) proposed routines as the unit of analysis of an evolutionary theory of economic change. Since then, the concept of routines has been taken up widely in the economics and business literature. Many ambiguities and open questions still...