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What is Understanding Economic Change : Advances in Evolutionary Economics about?

Although the economy has always been changing, ever more innovations now seem to accelerate the transformation process. Are there any laws governing the incessant global change? Does it accord with our intentions and desires and make us happier? Do our institutions and our democracies cope with the challenges? How does economic theory explain what is going on? In this volume, experts in the field discuss the advances that evolutionary economics has made in exploring questions like these. The broad range of topics include a review of the development of the field: its conceptual and methodological characteristics are outlined; problems posed by macroeconomic evolution and the institutional challenges are highlighted; and, last but not least, the implications of the evolution of the economy for wellbeing and sustainability are addressed. Taken together, the contributions demonstrate the potential of an evolutionary paradigm for making sense of economic change and for assessing its consequences. ** Review Advance praise: 'This welcome collection of essays offers a rich perspective on the history and philosophy of evolutionary economics. It delves deep into core themes such as generali

Author

ULRICH WITT AND ANDREAS CHAI

Publisher

Cambridge University Press (Virtual Publishing)

Published

2019

Language

EN

ISBN

9781108651660

Subjects

Business, Economics