The book illustrates the considerable advances in modern evolutionary economics and addresses
core questions of economic behaviour interaction of heterogeneous actors in uncertain
environments and the possibility of aggregating observations on a macro-economic level. It
presents the foundations of economic change as the major building blocks of an economic
approach that focusses on complex processes driven by endogenous innovation as well as crisis.
The theoretical considerations are complemented by econometric studies to demonstrate the
relevance of evolutionary-economic thinking to improve our understanding of the most
challenging issues related to economic growth and development.
