Advances in Evolutionary Institutional Economics: Evolutionary Mechanisms, Non-Knowledge and Strategy (Studies in Evolutionary Political Economy Serie
By: Wolfram Elsner (editor), Hardy Hanappi (editor)Hardback
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Some of the most famous pioneers together with the most promising new practitioners in the field show within this book how they define their subject. This is an authoritative survey of the many branches of evolutionary economics, containing innovative new perspectives on market dynamics and evolutionary institutional mechanisms. The authors also tackle enduring problems in the field such as profound uncertainty and the significance of knowledge in economics. This coherent and tightly focused book will appeal to a wide variety of scholars involved in evolutionary and institutional economics, and evolutionary theory. It will also appeal to researchers and academics at advanced undergraduate and postgraduate levels.
Contents:Introduction: Evolutionary Economics in the MakingHardy Hanappi, Wolfram Elsner PART I: EVOLUTIONARY MECHANISMS1. Heuristic Twists and Ontological Creeds: A Road Map for Evolutionary EconomicsUlrich Witt 2. Generalized Darwinism from the Bottom Up: An Evolutionary View of Socio-Economic Behavior and OrganizationJ.W. Stoelhorst 3. Comparative Industrial Evolution and the Quest for an Evolutionary Theory of Market DynamicsGuido Buenstorf 4. European Contributions to Evolutionary Institutional Economics: The Cases 'Open-Systems Approach' (OSA) and 'Cumulative Circular Causation' (CCC)Sebastian Berger, Wolfram Elsner 5. Institutions as Determinants of Preference Change: A One Way Relation?Martin Binder, Uta-Maria Niederle PART II: COMPLEXITY, NON-KNOWLEDGE AND STRATEGY6. Complex Individuals: The Individual in Non-Euclidian SpaceJohn B. Davis 7. The Importance of Ignorance: Non-Knowledge and the Limits of BayesianismOliver Kessler 8. Strong Uncertainty and How to Cope with it to Improve Action and CapacityPaul Davidson 9. Strategy, Innovation and Entrepreneurship: An Evolutionary Learning PerspectiveCarl Henning Reschke and Sascha Kraus 10. The Problem of Knowledge in Economics: Prices, Contracts and OrganizationsStavros Ioannides
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