Core Concepts and Mechanisms in Evolutionary Economics

Klaus Solberg Söilen ()
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Klaus Solberg Söilen: Halmstad University

Chapter 6 in Applied Evolutionary Economics, 2025, pp 89-94 from Springer

Abstract: Abstract This chapter introduces the core concepts and mechanisms that emerge in the third layer of evolutionary economic analysis—observable patterns of economic transformation such as innovation, competition, cooperation, and market emergence. Building on the foundational theories of human behavior and evolutionary dynamics (Layer 1) and the methodological tools used to study adaptive systems (Layer 2), this chapter explores how these forces manifest in real-world outcomes. Through examples ranging from the rise of digital platforms to the evolution of regulatory institutions, we show how economic systems coevolve with technological, cultural, and institutional environments. These mechanisms—shaped by deeper feedback loops, selection pressures, and historical contingencies—help explain how economies adapt, specialize, and transform over time.

Keywords: Adaptation; Innovation; Competition; Cooperation; Path dependence; Technological change; Market emergence; Cultural evolution; Emergent institutions; Niche specialization; Fitness landscapes; Evolutionary economics; Coevolution; Complexity; Economic transformation (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-032-03683-4_6

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DOI: 10.1007/978-3-032-03683-4_6

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