Skip to main content Accessibility help
×
Hostname: page-component-8448b6f56d-c47g7 Total loading time: 0 Render date: 2024-04-24T15:19:25.086Z Has data issue: false hasContentIssue false

1 - Evolutionary Economics

Taking Stock of Its Progress and Emerging Challenges

from Part I - Introduction

Published online by Cambridge University Press:  10 November 2018

Ulrich Witt
Affiliation:
Max Planck Institute, Jena
Andreas Chai
Affiliation:
Griffith University, Queensland
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Understanding Economic Change
Advances in Evolutionary Economics
, pp. 3 - 40
Publisher: Cambridge University Press
Print publication year: 2018

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Abernathy, W. J. and Utterback, J. M. (1978). Patterns of Industrial Innovation. Technology Review, 80, 4047.Google Scholar
Aldrich, H. E., Hodgson, G. M., Hull, D. L., Knudsen, T., Mokyr, J., and Vanberg, V. J. (2008). In Defense of Generalized Darwinism. Journal of Evolutionary Economics, 18, 577596.Google Scholar
Amendola, A. and Gaffard, J.-L. (2006). The Market Way to Riches: Behind the Myth. Cheltenham: Edward Elgar.Google Scholar
Andersen, E. S. (2009). Schumpeter’s Evolutionary Economics. London: Anthem.Google Scholar
Andreoni, J. (1995). Cooperation in Public Good Experiments: Kindness or Confusion. American Economic Review, 85, 891904.Google Scholar
Bargh, J. A., Gollwitzer, P. M., and Oettingen, G. (2010). Motivation, In: Fiske, S. T., Gilbert, D. T., and Lindzey, G. (eds.) Handbook of Social Psychology. New York, NY: Wiley, 268316.Google Scholar
Binmore, K. (2006). The Origins of Fair Play. Papers on Economics and Evolution, #0614, Max Planck Institute of Economics Jena.Google Scholar
Boehm, C. (2001). Hierarchy in the Forest: The Evolution of Egalitarian Behavior. Cambridge, MA: Harvard University Press.Google Scholar
Börgers, T. and Sarin, R. (1997). Learning through Reinforcement and Replicator Dynamics. Journal of Economic Theory, 77, 114.Google Scholar
Bowles, S. (2008). Conflict: Altruism’s Midwife. Nature, 456, 326327.Google Scholar
Bowles, S. and Gintis, H. (2011). A Cooperative Species: Human Reciprocity and Its Evolution. Princeton: Princeton University Press.Google Scholar
Boyd, R. and Richerson, P. J. (1985). Culture and the Evolutionary Process. Chicago: University of Chicago Press.Google Scholar
Brenner, T. (1998). Can Evolutionary Algorithms Describe Learning Processes? Journal of Evolutionary Economics, 8, 271283.Google Scholar
Brenner, T. (2004). Local Industrial Clusters – Existence, Emergence and Evolution. London: Routledge.Google Scholar
Brown, G. R. and Richerson, P. J. (2014). Applying Evolutionary Theory to Human Behavior: Past Differences and Current Debates. Journal of Bioeconomics, 16, 105128.Google Scholar
Buenstorf, G. and Klepper, S. (2009). Heritage and Agglomeration: The Acron Tire Cluster Revisited. Economic Journal, 119, 705733.Google Scholar
Burnham, T. C. (2016). Economics and Evolutionary Mismatch: Humans in Novel Settings Do Not Maximize. Journal of Bioeconomics, 18, 195209.Google Scholar
Burnham, T. C., Lea, S. E. G., Bell, A., Gintis, H., Glimcher, P. W., Kurzban, R., Lades, L., McCabe, K., Panchanathan, K., Teschl, M., and Witt, U. (2016). Evolutionary Behavioral Economics. In: Wilson, D. S. and Kirman, A. (eds.) Complexity and Evolution – A New Synthesis for Economics. Cambridge, MA: MIT Press, 113144.Google Scholar
Buss, D. M. (2003). Evolutionary Psychology: The New Science of the Mind. Boston, MA: Allyn and Bacon.Google Scholar
Camerer, C. F. and Loewenstein, G. (2004). Behavioral Economics: Past, Presence, Future. In: Camerer, C. F., Loewenstein, G., and Rabin, M. (eds.) Advances in Behavioral Economics. Princeton: Princeton University Press, 351.CrossRefGoogle Scholar
Campbell, D. T. (1965). Variation and Selective Retention in Socio-cultural Evolution. In: Barringer, H. R., Blankenstein, G. I., and Mack, R. W. (eds.) Social Change in Developing Areas: A Reinterpretation of Evolutionary Theory. Cambridge, MA: Schenkman, 1949.Google Scholar
Cavalli-Sforza, L. and Feldman, M. (1981). Cultural Transmission and Evolution: A Quantitative Approach. Princeton: Princeton University Press.Google Scholar
Coase, R. H. (1960). The Problem of Social Cost. Journal of Law & Economics, 3, 144.Google Scholar
Cross, J. G. and Guyer, M. J. (1980). Social Traps. Ann Arbor, MI: University of Michigan Press.Google Scholar
Currie, T. E., Greenhill, S. J., Gray, R. D., Hasegawa, T., and Mace, R. (2010). Rise and Fall of Political Complexity in Island South-East Asia and the Pacific. Nature, 467, 801804.CrossRefGoogle ScholarPubMed
Cutler, D. M., Glaeser, E. L., and Shapiro, J. M. (2003). Why Have Americans Become More Obese? Journal of Economic Perspectives, 17, 93118.CrossRefGoogle Scholar
Cyert, R. M. and March, J. G. (1963). A Behavioral Theory of the Firm. Englewood Cliffs, NJ: Prentice Hall.Google Scholar
Dawkins, R. (1976). The Selfish Gene. Oxford: Oxford University Press.Google Scholar
Day, R. H. (1982). Irregular Growth Cycles. American Economic Review, 72, 406414.Google Scholar
Day, R. H. and Cigno, A. (1978). Modelling Economic Change – The Recursive Programming Approach. Amsterdam: North-Holland.Google Scholar
Dopfer, K. (2005). Evolutionary Economics: A Theoretical Framework. In Dopfer, K. (ed.) The Evolutionary Foundations of Economics. Cambridge: Cambridge University Press, 355.Google Scholar
Dupré, J., ed. (1987). The Latest on the Best: Essays on Evolution and Optimality. Cambridge, MA: MIT Press.Google Scholar
Eibl-Eibesfeldt, I. (2004). Die Biologie des menschlichen Verhaltens. 5th edn. Vierkirchen: Buchvertrieb Blank.Google Scholar
Elsner, W., Heinrich, T., and Schwardt, H. (2014). The Microeconomics of Complex Economies. New York, NY: Elsevier.Google Scholar
Fagerberg, J., Srholec, M., and Knell, M. (2007). The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind. World Development, 35, 15951620.CrossRefGoogle Scholar
Fewell, J. H. (2015). Social Biomimicry: What Do Ants and Bees Tell Us About Organization in the Natural World? Journal of Bioeconomics, 17, 207216.Google Scholar
Fisher, F. M. (1983). Disequilibrium Foundations of Equilibrium Economics. Cambridge: Cambridge University Press.Google Scholar
Gauthier, J. A. and Padian, K. (1989). The Origin of Birds and the Evolution of Flight. Short Courses in Paleontology, 2, 121133.Google Scholar
Ghiselin, M. T. (1974). The Economy of Nature and the Evolution of Sex. Berkeley, CA: University of California Press.Google Scholar
Gilbert, S. F. and Epel, D. (2009). Ecological Developmental Biology. Sunderland, MA: Sinauer Associates.Google Scholar
Gintis, H. (2007). A Framework for the Unification of the Behavioral Sciences. Behavioral and Brain Sciences, 30, 161.Google Scholar
Gintis, H. and Helbing, D. (2015). Homo Socialis: An Analytical Core for Sociological Theory. Review of Behavioral Economics, 2, 159.Google Scholar
Güth, W., Schmittberger, R., and Schwarze, B. (1982). An Experimental Analysis of Ultimatum Bargaining. Journal of Economic Behavior and Organization, 3, 367388.CrossRefGoogle Scholar
Hamilton, W. D. (1964). The Evolution of Altruistic Behavior. American Naturalist, 97, 354356.Google Scholar
Hannan, M. T. and Freeman, J. (1977). The Population Ecology of Organizations. American Journal of Sociology, 82, 929964.CrossRefGoogle Scholar
Hanusch, H. and Pyka, A. (2007). Elgar Companion to Neo-Schumpeterian Economics. Cheltenham: Edward Elgar.Google Scholar
Henrich, J. P., Boyd, R., Bowles, S., Camerer, C., Fehr, E., and Gintis, H. (eds.) (2004). Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-scale Societies. Oxford: Oxford University Press.Google Scholar
Hodgson, G. M. (2002). Darwinism in Economics: From Analogy to Ontology. Journal of Evolutionary Economics, 12, 259281.Google Scholar
Hodgson, G. M. (2004). The Evolution of Institutional Economics. London: Routledge.Google Scholar
Hodgson, G. M. and Knudsen, T. (2010). Darwin’s Conjecture – The Search for General Principles of Social and Economic Evolution. Chicago: University of Chicago Press.Google Scholar
Hodgson, G. M., Järvinen, J., and Lamberg, J.-A. (2014). The Structure and Evolution of Evolutionary Research: A Bibliometric Analysis of the “Evolutionary” Literature in Management, Economics, and Sociology. Paper presented at the Annual Meeting of the European Association for Evolutionary Political Economy, Paris, 2014.Google Scholar
Hofbauer, J. and Sigmund, K. (1988). The Theory of Evolution and Dynamical Systems. Cambridge: Cambridge University Press.Google Scholar
Hoffman, E., McCabe, K., and Smith, V. L. (1996). Social Distance and Other-regarding Behavior in Dictator Games. American Economic Review, 86, 653660.Google Scholar
Holm, J. R., Andersen, E. S., and Metcalfe, J. S. (2017). Confounded, Augmented and Constrained Replicator Dynamics: Complex Selection Models and Their Measurement. Journal of Evolutionary Economics, 26, 803822.Google Scholar
Joosten, R. (2006). Walras and Darwin: An Odd Couple? Journal of Evolutionary Economics, 16, 561573.Google Scholar
Kahneman, D. (2003). Maps of Bounded Rationality: Psychology for Behavioral Economics. American Economic Review, 93(5), 14491475.CrossRefGoogle Scholar
Kahneman, D. (2013). Thinking, Fast and Slow. New York, NY: Farrar, Straus and Giroux.Google Scholar
Klepper, S. (2002). The Capabilities of New Firms and Evolution of the US Automobile Industry. Industrial and Corporate Change, 11, 645666.Google Scholar
Klepper, S. and Simons, K. L. (2005). Industry Shakeouts and Technological Change. International Journal of Industrial Organization, 23, 2343.Google Scholar
Kobayashi, D. (2014). Effects of Anthropology and Archaeology Upon Early Innovation Studies. Paper presented at the International Schumpeter Society Conference, Jena, 2014.Google Scholar
Leslie, J. C. (1996). Principles of Behavioral Analysis. Amsterdam: Harwood Academic Publishers.Google Scholar
Levit, G. S., Hossfeld, U., and Witt, U. (2011). Can Darwinism Be “Generalized” and of What Use Would This Be? Journal of Evolutionary Economics, 21, 545562.Google Scholar
Lloyd, E. A. and Gould, S. J. (2017). Exaptation Revisited: Changes Imposed by Evolutionary Psychologists and Behavioral Biologists. Biological Theory, 12, 5065.Google Scholar
Los, B. and Verspagen, B. (2006). The Evolution of Productivity Gaps and Specialization Patterns. Metroeconomica, 57, 464493.Google Scholar
Lumsden, C. J. and Wilson, E. O. (1981). Genes, Mind and Culture: The Coevolutionary Process. Cambridge, MA: Harvard University Press.Google Scholar
Lundvall, B.-Å. (ed.) (1992) National Systems of Innovation. Towards a Theory of Innovation and Interactive Learning. London: Pinter Publishers.Google Scholar
March, J. G. and Simon, H. A. (1958). Organizations. New York, NY: Wiley.Google Scholar
Mas-Colell, A., Whinston, M. D., and Green, J. R. (1995). Microeconomic Theory. Oxford: Oxford University Press.Google Scholar
Maynard Smith, J. (1982). Evolution and the Theory of Games. Cambridge: Cambridge University Press.Google Scholar
Menger, C. (1985)[1883]. Investigations into the Method of the Social Sciences with Special Reference to Economics (Untersuchungen ueber die Methode der Socialwissenschaften, first published 1883), English translation by F. J. Nock, New York University Press.Google Scholar
Metcalfe, J. S. (1994). Competition, Fisher’s Principle and Increasing Returns in the Selection Process. Journal of Evolutionary Economics, 4, 327346.Google Scholar
Metcalfe, J. S. (2002). On the Optimality of the Competitive Process: Kimura’s Theorem and Market Dynamics. Journal of Bioeconomics, 4, 109133.Google Scholar
Metcalfe, J. S. (2008). Accounting for Economic Evolution: Fitness and the Population Method. Journal of Bioeconomics, 10, 2350.Google Scholar
Metcalfe, J. S., Foster, J., and Ramlogan, R. (2006). Adaptive Economic Growth. Cambridge Journal of Economics, 30, 732.Google Scholar
Mirowski, P. (1983). An Evolutionary Theory of Economics Change: A Review Article. Journal of Economic Issues, 17, 757768.Google Scholar
Mokyr, J. (1990). The Lever of Riches – Technological Creativity and Economic Progress. Oxford: Oxford University Press.Google Scholar
Mokyr, J. (2002). The Gifts of Athena – Historical Origins of the Knowledge Economy. Princeton: Princeton University Press.Google Scholar
Murmann, J. P. (2003). Knowledge and Competitive Advantage – The Coevolution of Firms, Technology, and National Institutions. Cambridge: Cambridge University Press.Google Scholar
Nelson, R. R. and Winter, S. G. (1974). Neoclassical vs. Evolutionary Theories of Economic Growth: Critique and Prospectus. Economic Journal, 84, 886905.CrossRefGoogle Scholar
Nelson, R. R. and Winter, S. G. (1975). Factor Price Changes and Factor Substitution in an Evolutionary Model. Bell Journal of Economics, 6, 466486.Google Scholar
Nelson, R. R. and Winter, S. G. (1977). Simulation of Schumpeterian Competition. American Economic Review, 67 (Papers and Proceedings), 271276.Google Scholar
Nelson, R. R. and Winter, S. G. (1978). Forces Generating and Limiting Concentration under Schumpeterian Competition. Bell Journal of Economics, 9, 524548.Google Scholar
Nelson, R. R. and Winter, S. G. (1980). Firm and Industry Response to Changed Market Conditions: An Evolutionary Approach. Economic Inquiry, 28, 179202.Google Scholar
Nelson, R. R. and Winter, S. G. (1982). An Evolutionary Theory of Economic Change. Cambridge, MA: Harvard University Press.Google Scholar
Nelson, R. R. and Winter, S. G. (2002). Evolutionary Theorizing in Economics. Journal of Economic Perspectives, 16, 2346.Google Scholar
Odling-Smee, F. J., Laland, K. N., and Feldman, M. W. (2003). Niche Construction – The Neglected Process in Evolution. Princeton: Princeton University Press.Google Scholar
Popper, K. R. (1960). The Poverty of Historicism, 2nd edn. London: Routledge & Kegan Paul.Google Scholar
Richerson, P. J. and Boyd, R. (2005). Not by the Genes Alone: How Culture Transformed Human Evolution. Chicago: University of Chicago Press.Google Scholar
Robbins, L. (1932). An Essay on the Nature and Significance of Economic Science. London: MacMillan.Google Scholar
Rosenberg, N., Birdzell, L. E. Jr. (1986). How the West Grew Rich – The Economic Transformation of the Industrial World. New York, NY: Basic Books.Google Scholar
Roy, D. (2017). Myths about Memes, Journal of Bioeconomics, 19, 281305.Google Scholar
Saviotti, P. P. and Pyka, A. (2008). Micro and Macro Dynamics: Industry Life Cycles, Inter-sector Coordination and Aggregate Growth. Journal of Evolutionary Economics, 18, 167182.Google Scholar
Schumpeter, J. A. (1934)[1912]. Theory of Economic Development (Theorie der wirtschaftlichen Entwicklung, first published 1912), Cambridge, MA: Harvard University Press.Google Scholar
Schumpeter, J. A. (1955). History of Economics Analysis. London: Allen & Unwin.Google Scholar
Schumpeter, J. A. (2002). The Economy as a Whole (seventh chapter of Theorie der wirtschaftlichen Entwicklung, 1912). Industry and Innovation. 9, 93145.Google Scholar
Silva, S. T. and Teixeira, A. C. (2009). On the Divergence of Evolutionary Research Paths in the Past 50 Years: A Comprehensive Bibliometric Account. Journal of Evolutionary Economics, 19, 605642.Google Scholar
Simon, H. A. (1955). A Behavioral Model of Rational Choice. Quarterly Journal of Economics, 69, 99118.Google Scholar
Simon, H. A. (1979). Rational Decision Making in Business Organizations. American Economic Review, 69, 493513.Google Scholar
Smith, V. L. (2015). Adam Smith: Homo Socialis, Yes; Social Preferences, No; Reciprocity Was to Be Explained. Review of Behavior Economics, 2, 183193.Google Scholar
Staddon, J. E. R. (2009). Adaptive Behavior and Learning. Cambridge: Cambridge University Press.Google Scholar
Starbuck, W. H. (1963). Level of Aspiration Theory and Economic Behavior. Behavioral Science, 8, 128136.Google Scholar
Tinbergen, N. (1963). On Aims and Methods in Ethology. Zeitschrift fuer Tierpsychologie, 20, 410433.Google Scholar
Trivers, R. L. (1971). The Evolution of Reciprocal Altruism. Quarterly Review of Biology, 46, 3557.Google Scholar
Veblen, T. (1898). Why Is Economics Not an Evolutionary Science? Quarterly Journal of Economics, 12, 373397.Google Scholar
Veblen, T. B. (1899). The Theory of the Leisure Class – An Economic Study of Institutions. New York, NY: MacMillan.Google Scholar
Veblen, T. B. (1914). The Instinct of Workmanship, and the State of the Industrial Arts. New York, NY: MacMillan.Google Scholar
Wilson, E. O. (2000). Sociobiology. The New Synthesis. 25th edn. Cambridge, MA: Belknap Press.Google Scholar
Wilson, D. S. and Sober, E. (1994). Reintroducing Group Selection to the Human Behavioral Sciences. Behavioral and Brain Sciences, 17, 585654.Google Scholar
Winter, S. G. (2014). The Future of Evolutionary Economics: From Early Intuitions to a New Paradigm? Journal of Institutional Economics, 10, 613644.Google Scholar
Witt, U. (2008a). What Is Specific about Evolutionary Economics? Journal of Evolutionary Economics, 18, 547575.Google Scholar
Witt, U. (2008b). Evolutionary Economics. In: Durlauf, S. N. and Blume, L. E. (eds.) The New Palgrave Dictionary of Economics, 2nd edn., Vol. 3. New York, NY: Palgrave MacMillan, 6773.Google Scholar
Witt, U. (2009). Propositions about Novelty. Journal of Economic Behavior and Organization, 70, 311320.Google Scholar
Witt, U. (2017). The Evolution of Consumption and Its Welfare Effects. Journal of Evolutionary Economics, 27, 273293.Google Scholar
Witt, U. and Beck, N. (2015). Austrian Economics and the Evolutionary Paradigm. In: Boettke, P. J. and Coyne, C. (eds.), Oxford Handbook of Austrian Economics. Oxford: Oxford University Press, 576593.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×