Evolutionary Economics, Endogenous Growth Models, and Resource-Advantage Theory

Shelby Hunt
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Shelby Hunt: Texas Tech University

Eastern Economic Journal, 1997, vol. 23, issue 4, 425-439

Abstract: The gap between evolutionary and neoclassical economics remains large. This article proposed that the gap can be narrowed by evolutionary economies developing process theories that can provide evolutionary theoretical foundations for formal models in the neoclassical equilibrium tradition. This article argues that a process of competitions labeled "resource-advantage theory," can provide an evolutionary, theoretical foundation for formal models of endogenous economic growth.

Keywords: Evolutionary Economics; Evolutionary; Growth; Neo Classical (search for similar items in EconPapers)
JEL-codes: B25 O40 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:23:y:1997:i:4:p:425-439

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