Foundations of economic change—an extended Schumpeterian approach
Uwe Cantner ()
Journal of Evolutionary Economics, 2016, vol. 26, issue 4, No 2, 736 pages
Abstract:
Abstract This paper employs the Schumpeterian approach to the development of economies in order to identify the core building blocks of a theory of endogenous economic change. Borders and insights are widened by combining concepts and findings from behavioral economics, from evolutionary economics, and from complexity economics. Actor heterogeneity, on the one hand, and mechanisms of actors’ interaction, on the other, are suggested to be fundamental elements of that theory. Theoretical analyses and empirical accounts are presented, achievements are discussed, and further avenues of research are suggested.
Keywords: Innovation; Actor heterogeneity; Competition; Cooperation; Replicator dynamics (search for similar items in EconPapers)
JEL-codes: D21 L16 O31 O33 (search for similar items in EconPapers)
Date: 2016
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Chapter: Foundations of Economic Change: An Extended Schumpeterian Approach (2017)
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DOI: 10.1007/s00191-016-0479-z
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Journal of Evolutionary Economics is currently edited by Uwe Cantner, Elias Dinopoulos, Horst Hanusch and Luigi Orsenigo
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