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Shows how thinking in evolutionary terms enhances our understanding of the economic and social change taking place at all levels.
List of contents
Part I. Introduction: 1. Evolutionary economics: taking stock of its progress and emerging challenges Ulrich Witt and Andreas Chai; Part II. Conceptual and Methodological Problems: 2. Missed connections and opportunities foregone: a counterfactual history of twentieth century economics Brian J. Loasby; 3. Science, technology, and knowledge: what historians can learn from an evolutionary approach Joel Mokyr; 4. Generalized Darwinism in evolutionary economics: the devil is in the details Jack Vromen; Part III. Perspectives on Evolutionary Macroeconomics: 5. Macroeconomic evolution: long run development and short run policies Richard H. Day; 6. Evolutionary micro-founded technical change and the Kaldor-Verdoorn law: estimates from an artificial world André Lorentz; Part IV. Advances in Explaining and Assessing Institutional Evolution: 7. Democracy, rationality and religion Dennis C. Mueller; 8. On the evolution of organizational governance: divided governance and survival in the long run Roger D. Congleton; 9. Strategic interaction and externalities: FD-games and pollution Reinoud Joosten; 10. Fairness in urban land use: an evolutionary contribution to law and economics Christian Schubert; Part V. Evolutionary Perspectives on Welfare and Sustainability: 11. As innovations drive economic change, do they also improve our welfare? Martin Binder and Ulrich Witt; 12. Sustainable consumption patterns and the malleability of consumer preferences: an evolutionary perspective Andreas Chai.
Summary
Leading evolutionary economists explain how thinking in evolutionary terms can enhance our understanding of economic and social change. Highlighting recent advances in the field, this book shows how the evolutionary approach is increasingly expanding into ever more domains of economics.
