The General Theory of Economic Evolution

by Dopfer; Kurt

• ISBN13: 9780415279437
• ISBN10: 0415279437
• Edition: 1st
• Format: Nonspecific Binding
• Copyright: 2007-10-30
• Publisher: Routledge

Summary

The first textbook to chart the development of the field of evolutionary economics, this book provides an integrated generic framework to define the rules of an economic system; how they are coordinated and the causes and consequences of their change. Packed with pedagogical features including essay and tutorial questions, case-studies and an extensive bibliography, this book: proposes a new analytic framework for the study of the nature and causes of long run economic growth and development in market systems analyzes the foundations of the neoclassical tradition, before developing a thesis through micro, meso and macro domains drawing conclusions as to what can be learned from the point of view of policy analysis focuses on an open-systems analytical framework and successfully formulates and refines the analytical foundations of a new general theory of economic evolution. This volume is essential reading for scholars and students of economic evolutionand as well as for anyone who seeks to better understand the complex evolutionary nature of the structure and dynamics of the knowledge-based economy in today?s society.

Author Biography

Jason Potts is a Senior Lecturer at the School of Economics, University of Queensland, Australia. Kurt Dopfer is Professor of Economics at the Universitat St. Gallen, Switzerland.

Table of Contents

Analytic Foundations of Evolutionary Economics

Mechanism and Evolution

The Three Axioms of Evolutionary Realism

Evolution in Mind

Analytical Foundations

Conclusion

Micro Meso Macro Analysis

Analysis of the Economy as a Whole

Classical, Neoclassical and Evolutionary Analysis

The Methodology of Micro Meso Macro

The Complexity of Micro Meso Macro

Conclusion

Generic Micro Analysis

Introduction

The Micro Unit

The Generic Micro Trajectory

Conclusion

Meso Analysis

Introduction

A Three-Phase Meso Trajectory

Aspects of Meso Analysis

Micro Strategy over a Meso Trajectory

Conclusion

Macro Coördination

Introduction

Macro Coördination

Coördination over a Macro Trajectory

Coördination Failure over a Macro Trajectory

The Co-Evolution of Multiple Meso Trajectories as Clusters

Conclusion

Macro Dynamics, Growth and Development

Introduction

Regimes and Regime Transitions

Macro Coördination, Evolution and Self-Organization

Conclusion

Generic Policy

Introduction

Generic and Operational Policy

Three Orders of Policy

Conclusion

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