The 9 best evolutionary economics for 2022

Finding the best evolutionary economics suitable for your needs isnt easy. With hundreds of choices can distract you. Knowing whats bad and whats good can be something of a minefield. In this article, weve done the hard work for you.

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Modern Evolutionary Economics: An Overview Modern Evolutionary Economics: An Overview
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An Evolutionary Theory of Economic Change (Belknap Press) An Evolutionary Theory of Economic Change (Belknap Press)
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Evolutionary Theories of Economic and Technological Change: Present Status and Future Prospects (Routledge Library Editions: the Economics and Business of Technology) Evolutionary Theories of Economic and Technological Change: Present Status and Future Prospects (Routledge Library Editions: the Economics and Business of Technology)
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Population Games and Evolutionary Dynamics (Economic Learning and Social Evolution) Population Games and Evolutionary Dynamics (Economic Learning and Social Evolution)
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Applied Evolutionary Economics and Economic Geography Applied Evolutionary Economics and Economic Geography
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Evolutionary Economics and Creative Destruction (The Graz Schumpeter Lectures) Evolutionary Economics and Creative Destruction (The Graz Schumpeter Lectures)
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Evolutionary Psychology and Economic Theory, Volume 7 (Advances in Austrian Economics) Evolutionary Psychology and Economic Theory, Volume 7 (Advances in Austrian Economics)
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Foundations Complex-system Theories: In Economics, Evolutionary Biology, and Statistical Physics Foundations Complex-system Theories: In Economics, Evolutionary Biology, and Statistical Physics
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Nonlinear Dynamics and Evolutionary Economics Nonlinear Dynamics and Evolutionary Economics
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Reviews

1. Modern Evolutionary Economics: An Overview

Description

Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of Richard Nelson and Sidney Winter's seminal book, An Evolutionary Theory of Economic Change, first published in 1982. In this long-awaited follow-up, Nelson is joined by leading figures in the field of evolutionary economics, reviewing in detail how this perspective has been manifest in various areas of economic inquiry where evolutionary economists have been active. Providing the perfect overview for interested economists and social scientists, readers will learn how in each of the diverse fields featured, evolutionary economics has enabled an improved understanding of how and why economic progress occurs.

2. An Evolutionary Theory of Economic Change (Belknap Press)

Description

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Richard R. Nelson and Sidney G. Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms.

To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium.

The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

3. Evolutionary Theories of Economic and Technological Change: Present Status and Future Prospects (Routledge Library Editions: the Economics and Business of Technology)

4. Population Games and Evolutionary Dynamics (Economic Learning and Social Evolution)

Description

A systematic, rigorous, comprehensive, and unified overview of evolutionary game theory.

This text offers a systematic, rigorous, and unified presentation of evolutionary game theory, covering the core developments of the theory from its inception in biology in the 1970s through recent advances. Evolutionary game theory, which studies the behavior of large populations of strategically interacting agents, is used by economists to make predictions in settings where traditional assumptions about agents' rationality and knowledge may not be justified. Recently, computer scientists, transportation scientists, engineers, and control theorists have also turned to evolutionary game theory, seeking tools for modeling dynamics in multiagent systems. Population Games and Evolutionary Dynamics provides a point of entry into the field for researchers and students in all of these disciplines. The text first considers population games, which provide a simple, powerful model for studying strategic interactions among large numbers of anonymous agents. It then studies the dynamics of behavior in these games.

By introducing a general model of myopic strategy revision by individual agents, the text provides foundations for two distinct approaches to aggregate behavior dynamics: the deterministic approach, based on differential equations, and the stochastic approach, based on Markov processes. Key results on local stability, global convergence, stochastic stability, and nonconvergence are developed in detail. Ten substantial appendixes present the mathematical tools needed to work in evolutionary game theory, offering a practical introduction to the methods of dynamic modeling. Accompanying the text are more than 200 color illustrations of the mathematics and theoretical results; many were created using the Dynamo software suite, which is freely available on the author's Web site. Readers are encouraged to use Dynamo to run quick numerical experiments and to create publishable figures for their own research.

5. Applied Evolutionary Economics and Economic Geography

Feature

Used Book in Good Condition

Description

"The volume Applied Evolutionary Economics and Economic Geography is the fourth book published by Edward Elgar on applied evolutionary economics stems from the fourth European Meeting on Applied Evolutionary Economics (EMAEE) held in Utrecht, 19-21 May, 2005. ... The present volume Applied Evolutionary Economics and Economic Geography aims to advance empirical methodologies in evolutionary economics, this time with a special emphasis on geography"-- Preface.

6. Evolutionary Economics and Creative Destruction (The Graz Schumpeter Lectures)

Description

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.

7. Evolutionary Psychology and Economic Theory, Volume 7 (Advances in Austrian Economics)

Feature

Used Book in Good Condition

Description

The contributors to this volume seriously engage issues in the crossroads where biology, psychology, and economics meet. The volume makes several important contributions to the area and provides an overview of the current state of knowledge. Biologist David Sloan Wilson, psychologists Robert Kurzban and C.A. Aktipis, economists Geoffrey Hodgson, Paul Rubin and Evelyn Gick, and jurist David Friedman consider altruism, selfishness, group selection, methodological individualism, dominance hierarchies, and other issues relating evolutionary psychology to economics. Several contributors, such as Viktor Vanberg and Brian Loasby, pay special attention to the role of F. A. Hayek and other "Austrian" thinkers in shaping evolutionary approaches to economic theory. Theoretical biologist Deby Cassill relates her revolutionary theory of "skew selection" in biology to perennial issues in political economy. The volume includes a symposium on group selection and methodological individualism. In an important paper, D. G. Whitman argues that group selection and methodological individualism are "compatible and complementary. Comments from Elliot Sober & David Sloan Wilson, Richard Langlois, Todd Zywicki, and Adam Gifford offer a heterogeneous set of responses to Whitman's argument. Roger Koppl's introduction constitutes a review essay and includes an argument that "Austrian" economists have a comparative advantage in bringing the Verstehen tradition of social thought into contact with recent work in biology and evolutionary psychology.

8. Foundations Complex-system Theories: In Economics, Evolutionary Biology, and Statistical Physics

Feature

Used Book in Good Condition

Description

Complex behavior can occur in any system made up of large numbers of interacting constituents, be they atoms in a solid, cells in a living organism, or consumers in a national economy. Analysis of this behavior often involves making important assumptions and approximations, the exact nature of which vary from subject to subject. Foundations of Complex-system Theories begins with a description of the general features of complexity and then examines a range of important concepts, such as theories of composite systems, collective phenomena, emergent properties, and stochastic processes. Each topic is discussed with reference to the fields of statistical physics, evolutionary biology, and economics, thereby highlighting recurrent themes in the study of complex systems. This detailed yet nontechnical book will appeal to anyone who wants to know more about complex systems and their behavior. It will also be of great interest to specialists studying complexity in the physical, biological, and social sciences.

9. Nonlinear Dynamics and Evolutionary Economics

Description

Advances in physics, computers, and mathematics have made it possible to illustrate an astonishing array of potential behavior that can occur when nonlinear interactions are present. As Prigogine explains from a physicist's perspective, the fundamental role of instability and bounded rationality provide more precise understanding for evolution and changes. This volume considers these developments from various fields in the context of economic science. The work starts with a general non-mathematical discussion, introducing the major themes--nonlinearity, dynamical systems, and evolution in economic processes. The work continues with nonlinear analysis of macroeconomic growth and fluctuations. It describes analyses of economic adaptation, learning, and self-organization. The volume also scrutinizes a specific market--equities using nonlinear analysis, controlled experiments, and statistical inference when nonlinearity plays an essential role in data generation. The volume closes with an historical reflection by Richard Goodwin and a roundtable discussion on basic issues and new challenges in nonlinear economic dynamics.

Conclusion

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