Economic evolution and the science of synergetics

John Foster () and Phillip Wild ()

Journal of Evolutionary Economics, 1996, vol. 6, issue 3, pages 239-260

Abstract: This paper deals with synergetic methods, which have developed as a sub-field of the self-organisation approach in the natural sciences. Such methods have been used successfully to model structural transitions in physio-chemical contexts. The synergetic approach is explained in a non-technical way and the main elements of the synergetic methodology are introduced. The extent to which such methods can be applied in the presence of historical time series data, which are subject to underlying processes of evolutionary economic change, is assessed. Proposals, concerning more appropriate synergetic methods for evolutionary economic application, are considered.

Keywords: Synergetics; Self-organisation; Time-irreversibility; Evolution; Structural change (search for similar items in EconPapers)
JEL-codes: O30 O31 C60 C63 (search for similar items in EconPapers)
Date: 1996
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Persistent link: http://EconPapers.repec.org/RePEc:spr:joevec:v:6:y:1996:i:3:p:239-260

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Journal of Evolutionary Economics is edited by Uwe Cantner, Elias Dinopoulos, Horst Hanusch and Luigi Orsenigo

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