Developments in Major Fields of Economics
Edited by Gilbert Faccarello and Heinz D. Kurz
Chapter 14: Evolutionary economics
The last three decades have seen an upsurge in the number of publications addressing themes that have come to be grouped under the heading of “evolutionary economics”, paralleled by the foundation of new journals and new scientific societies devoted to the subject matter. It was a great moment for the science of economics, and for evolutionary economics in particular, when An Evolutionary Theory of Economic Change was published, in 1982, by Richard R. Nelson and Sidney G. Winter – a work that served as an icebreaker and, arguably, gave the early stages their critical momentum. In a recent bibliometric account comprising the abstracts of articles published in all economic journals over the past half-century, Sandra Silva and Aurora Teixeira have been documenting the impressive magnitudes and structural dynamic of this trend – a trend that has accelerated tremendously in the last two decades, considering that 90 per cent of this body of research is recorded as having been published since 1990 (Silva and Teixeira 2009).
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