Policy Implications of Recent Advances in Evolutionary and Institutional Economics

Claudius Grabner, Torsten Heinrich, Henning Schwardt
Routledge, 12.05.2016 - 238 Seiten

This collection is inspired by the coming retirement of Professor Wolfram Elsner. It presents cutting-edge economic research relevant to economic policies and policy-making, placing a strong focus on innovative perspectives.

In a changing world that has been shaken by economic, social, financial, and ecological crises, it becomes increasingly clear that new approaches to economics are needed for both theoretical and empirical research; for applied economics as well as policy advice. At this point, it seems necessary to develop new methods, to reconsider theoretical foundations and especially to take into account the theoretical alternatives that have been advocated within the field of economics for many years. This collection seeks to accomplish this by including institutionalist, evolutionary, complexity, and other innovative perspectives. It thereby creates a unique selection of methodological and empirical approaches ranging from game theory to economic dynamics to empirical and historical-theoretical analyses.

The interested reader will find careful reconsiderations of the historical development of institutional and evolutionary theories, enlightening theoretical contributions, interdisciplinary ideas, as well as insightful applications. The collection serves to highlight the common ground and the synergies between the various approaches and thereby to contribute to an emerging coherent framework of alternative theories in economics. This book is of interest to those who study political economy, economic theory and philosophy, as well as economic policy.


Ausgewählte Seiten


List of figures
Introduction to the Festschrift for Wolfram Elsner
Economic complexity and tradeoffs in policy decisions
Tradeoffs between different objectives
Social costs and the psychology of neoclassical economists
losing experiential authority
Psychology of neoclassical economists as priests
methodology economic education and policy
the political economy of industrial policy
Production income distribution and the enduring tension
Coevolutionary processes in a model of longrun economic development
Coevolutionary processes in economic development
Policy alternative after the crisis
new theoretical framework and evolutionary thinking
Comparison with the growth regime of the Fordist period

Using the social fabric matrix to strengthen the analysis and modeling
An agents place in the SFMA and
System differentiation and elaboration and the
Variety in coordination
Concluding remarks
Towards a second great transformation
a network
An anticoordination scenario

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Autoren-Profil (2016)

Claudius Gräbner is a research associate and PhD candidate at the Institute of Institutional and Innovation Economics at the University of Bremen, Germany

Torsten Heinrich holds a post-doc position and teaches at the University of Bremen, Germany

Henning Schwardt received his Ph.D. from the University of Bremen in 2012. His has authored and co-authored books on economic development and microeconomics, as well as peer-reviewed articles in many well-known economic journals.

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