EAN: 9783319132983

THE EVOLUTION OF ECONOMIC AND INNOVATION SYSTEM...

This book is at the cutting edge of the ongoing ¿neo-Schumpeterian¿ research program that
investigates how economic growth and its fluctuation can be understood as the outcome of a
historical process of economic evolution. Much of modern evolutionary economics has relied upon
biological analogy  especially about natural selection. Although this is valid and useful 
evolutionary economists have  increasingly  begun to build their analytical representations of
economic evolution on understandings derived from complex systems science. In this book  the
fact that economic systems are  necessarily  complex adaptive systems is explored  both
theoretically and empirically  in a range of contexts. Throughout  there is a primary focus
upon the interconnected processes of innovation and entrepreneurship  which are the ultimate
sources of all economic growth. Twenty two chapters are provided by renowned experts in the
related fields of evolutionary economics and the economics of innovation.

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