Change manifests itself in all facets of the economy. This collection of essays illustrates how the evolutionary approach can reveal not only where change comes from, and how it happens, but also where it will lead.
Industry Reviews
'This is a genuine tour de force and what must be acknowledged by anyone who has followed the evolution of evolutionary economics since the early 1980s is the original, pioneering nature of these essays and the ideas they contain. . . These essays are a pleasure to read and to reflect on at leisure. Many, like this reviewer, will recognise that Ulrich Witt has followed the path of novelty in these essays and that in relation to much of our present understanding of evolutionary economics he has exercised enterprise and leadership. . . The best acknowledgement that we can give Witt's enterprise is to continue to follow along the path marked out by these essays and extend the evolutionary perspective into new channels of economic and social experience.' -- Stan Metcalfe, Journal of Bioeconomics
'Together, these papers underline Ulrich Witt's well-deserved status as one of the leading and most innovative of evolutionary economists in the world today. . . The book is a worthy monument to the scientific contribution of its author over a period of seventeen years. It shows a lively, enquiring and evolving mind, from which we expect much in the future.' -- Geoffrey M. Hodgson, Journal of Evolutionary Economics
'Economics is more than economising and maximising subject to a fixed-resources constraint. It is also the study of evolutionary processes and innovation-led search. Ulrich Witt musters an extensive knowledge of the economics of development and change in the essays collected together in this book. Building on authors such as Schumpeter and Hayek but contributing his own theoretical insights on biology, games, constitutions, progress, he demonstrates convincingly that economics can be a humanitarian discipline and a kaleidoscope of surprise.' -- David Reisman, University of Surrey, UK and Nanyang Technological University, Singapore
'In this collection, we find the germs of an evolutionary theory of economic systems based firmly on the most solid elements of economic theory. This is not short praise, since mainstream economics often ignores issues discussed here. As the articles, due to their topics, have not appeared in large circulation journals so far, this book is a most welcome addition to the library of any scholar grappling with the difficulties of understanding economic change. The book should stimulate the ongoing discussion on issues of transformation, but also, in the context of globalisation, the problems of institutional and system change which this process necessitates.' -- Jurgen G. Backhaus, Erfurt University, Germany