Applied Evolutionary Economics and Complex Systems

This book takes up the challenge of developing an empirically based foundation for evolutionary economics built upon complex system theory. The authors argue that modern evolutionary economics is at a crossroads. At a theoretical level, modern evolutionary economics is moving away from the traditional focus of the operation of selection mechanisms and towards concepts of 'complex adaptive systems' and self-organisation. On an applied level, new and innovative methods of empirical research are being developed and considered. The contributors take up this challenge and examine aspects of complexity and evolution in applied contexts. The topics covered in this book include innovation and technology in industry, industry life cycles, time series econometrics and evolutionary economics, complexity and variety, entrepreneurship and evolutionary theory and the relationship between ecological and evolutionary economics. Applied Evolutionary Economics and Complex Systems will appeal to evolutionary and industrial economists and scholars of innovation studies, as well as management scientists and policymakers involved with issues of innovation.