Evolution and Economic Complexity by J. Stanley Metcalfe (Editor), John Foster (Editor)
Publisher: Edward Elgar Publishing (December 4, 2004) | ISBN-10: 1843765268 | PDF | 1,2 Mb | 227 pages
In a diverse set of contributions presented by Metcalfe (political economy, U. of Manchester, UK) and Foster (economics, U. of Queensland, Australia), contributors address the theory and practice of evolutionary economic analysis, emphasizing the relationship between evolutionary economics and complexity science. The idea that a complex system is a network structure that contains elements and connections that constitute knowledge is a key theme that emerges, according to the editors. They also note a second key theme is that "selection mechanisms, captured in replicator dynamics, are viewed from a complex systems perspective," which "highlights the fact that the variety they operate on is or prior importance in economic systems because it arises from forms of knowledge that are much less prevalent in the biological domain." Discussions of theory and models are empirical studies dealing with technological and economic mobility in large German manufacturing firms and long-run qualitative change in the energy sector.
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