In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic...

Das Transatlantische Freihandelsabkommen (TTIP) wurde in Öffentlichkeit und Wissenschaft zum Teil sehr plakativ diskutiert. Die Autoren erweitern die Debatte über die Folgen von TTIP für Wachstum, Beschäftigung sowie die Auswirkungen auf Umwelt- und Verbraucherschutz um die Perspektive der...

This dissertation deals with the impact of speculative behaviour on output patterns of the real economy. The impact may be twofold. Speculative behaviour occurs due to positive developments at the real economy and optimistic outlooks. Also, speculative behaviour may occur at other markets, like...

This paper elaborates a dynamic rationale of industrial policy, focusing on how to strengthen the socio-economic system's ability to evolve, i.e., how to achieve high real income together with qualitative change. It highlights that the ubiquitous rationalities of failure, be it of markets,...

A dynamic microeconomic model is presented that establishes the price and unit sales evolution of heterogeneous goods consisting of successive homogenous product generations. It suggests that for a fast growing supply the mean price of the generations are governed by a logistic decline towards a...

Technological changes, when taken exogenously, would be represented by upward shifts in the production curve. The evolutionary approach of economic growth is an alternative to study technological change as endogenous and dynamic process, in which the accumulation of capital takes strategic role...

This paper reconsiders the economic explanation of EU regional policy from an evolution- ary perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the prevalent evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this...

Technological changes are understood as part of a learning process. Even if a share of knowledge is built outside organizations, the adoption and diffusion of new technologies go through the ability of agents to absorb and retain information. Managerial ability to decode external information and...

This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this comparison,...

A dynamic microeconomic model is presented that establishes the price and unit sales evolution of heterogeneous goods consisting of successive homogenous product generations. It suggests that for a fast growing supply the mean price of the generations are governed by a logistic decline towards a...

This paper reconsiders the economic explanation of EU regional policy from an evolution- ary perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the prevalent evolutionary neo-Schumpeterian and Austrian-Hayekian percep- tions. Based on this...

This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this comparison,...

Technological changes are understood as part of a learning process. Even if a share of knowledge is built outside organizations, the adoption and diffusion of new technologies go through the ability of agents to absorb and retain information. Managerial ability to decode external information and...

Technological changes, when taken exogenously, would be represented by upward shifts in the production curve. The evolutionary approach of economic growth is an alternative to study technological change as endogenous and dynamic process, in which the accumulation of capital takes strategic role...

Moore suggested an exponential growth of the number of transistors in integrated electronic circuits. In this paper, Moore’s law is derived from a preferential growth model of successive production technology generations. The theory suggests that products manufactured with a new production...

That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...

This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and diffusion. Throughout history, the key role of the State is self-evident. Private sector involvement has waxed and waned over millennia, although at times it has been pivotal...

An evolutionary model of the bank size distribution is presented based on the exchange and creation of deposit money. In agreement with empirical results the derived size distribution is lognormal with a power law tail. The theory is based on the idea that the size distribution is the result of...

There are several ways to incorporate evolutionary concepts into economic thinking. This article reviews the most important transfers of this kind into evolutionary economics. It broadly differentiates between approaches that draw on an analogy construction to the biological sphere, those that...

This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and diffusion. Throughout history, the key role of the State is self-evident. Private sector involvement has waxed and waned over millennia, although at times it has been pivotal...

Latin American countries have always been characterised by relatively high levels of income inequality, even taking into account their degree of economic development. If such 'excess inequality' is combined with the fact that these are mostly middle-income and low-income countries, it can be...

This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...

An evolutionary model of the bank size distribution is presented based on the exchange and creation of deposit money. In agreement with empirical results the derived size distribution is lognormal with a power law tail. The theory is based on the idea that the size distribution is the result of...

This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...

That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...

Erfolgreich sind Unternehmen, die Transformation auf dem Markt erkennen, ihre Auslöser verstehen und strategisch richtig handeln. Dabei versinkt das Management oft in Detailinformationen, die holistische Betrachtung fehlt, Bauchgefühl entscheidet. Ein handliches, quantitatives Werkzeug würde...

That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...

The present dissertation examines the impact of the diffusion of general purpose technologies (GPTs) on economic structure and long-term development. It is motivated by the fact that previous studies of GPTs do not consider the vertical integration of production sufficiently, and mostly revolve...