Evolutionary Economics and Creative Destruction

by Metcalfe; J. Stanley

• ISBN13: 9780415406482
• ISBN10: 041540648X
• eBook ISBN(s): 9781134725168
• Edition: Revised
• Format: Nonspecific Binding
• Copyright: 1998-01-28
• Publisher: Routledge
• More Book Details
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Summary

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.

Table of Contents

Foreword	p. ix
Preface	p. xi
The Evolutionary Economics of Creative Destruction	p. 1
Prologue	p. 3
On Rival Concepts of Competition and the Evolutionary Connection	p. 10
Fisher's Principle and the Process of Competition	p. 40
Economic Variety and Models of Change	p. 72
Epilogue	p. 97
Evolutionary Approaches to Technology Policy	p. 105
Science Policy and Technology Policy When Competition is an Evolutionary Process	p. 107
Comment	p. 124
Concluding Comment	p. 130
Notes	p. 132
Bibliography	p. 139
Index	p. 148
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