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J. Stanley Metcalfe and Ronnie Ramlogan

This research review charts the development of scholarly research into the theory of creative destruction, first posited by Joseph Schumpeter in the first half of the twentieth century. The editors identify seminal works discussing creative destruction and its effects at both a macro- and micro- economic level. Beginning with key writings of Schumpeter, the papers cover research into enterprise and innovation, the evolutionary market process, the empirics of creative destruction, finance and the consequences of creative destruction for growth, development and economic welfare.
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J. Stanley Metcalfe and Ronnie Ramlogan

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J. Stanley Metcalfe and Ronnie Ramlogan

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Edited by John Foster and J. Stanley Metcalfe

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John Foster and J. Stanley Metcalfe

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Frontiers of Evolutionary Economics

Competition, Self-Organization and Innovation Policy

Edited by John Foster and J. Stanley Metcalfe

Modern evolutionary economics is now nearly two decades old and in this excellent book, a distinguished group of evolutionary economists identify the most important developments and discuss the direction of future research. By moving away from traditional concerns with the operation of selection mechanisms towards a preoccupation with the manner in which the novelty and variety provide fuel for such mechanisms, the authors identify a key development in the field.
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Ronnie Ramlogan and J. Stanley Metcalfe

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Edited by J. Stanley Metcalfe and John Foster

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Edited by J. Stanley Metcalfe and John Foster

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Edited by J. Stanley Metcalfe and John Foster

Dedicated to the goal of furthering evolutionary economic analysis, this book provides a coherent scientific approach to deal with the real world of continual change in the economic system. Expansive in its scope, this book ranges from abstract discussions of ontology, analysis and theory to more practical discussions on how we can operationalize notions such as ‘capabilities’ from what we understand as ‘knowledge’. Simulation techniques and empirical case studies are also used.