Evolutionary markets and the design of institutional policy

Gerhard Wegner and Gerhard Wegner

Chapter 3 in The Evolutionary Analysis of Economic Policy, 2003, pp 46-66 from Edward Elgar Publishing

Abstract: This important book analyses evolutionary approaches to economic policy. Its main purpose is to explore the policy implications of evolutionary economics, in particular of approaches inspired on the one hand by Schumpeter and revived by Nelson and Winter which deal with industrial evolution under constant institutions and, on the other hand, of approaches inspired by Hayek and North, which analyse the ways in which institutions themselves evolve.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2003
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