Evolutionary Economics: Post-Schumpeterian Contributions

agents algorithms allow alternative analysis appears application approach argument assume basic become behaviour brand called capital characteristics commodity competition complex concept consider created cycles deal defined definition described determined difficult discussion emphasise equation evolution evolutionary economics evolutionary process example explanation expression fact figure firms fitness formulations frequencies function give given growth ideas imitative important increase individual industry innovation interaction interest kind less means mechanisms models moves Nelson and Winter Nelson-and-Winter output parameters performance period population possible present principle probability problem procedure production profit programming question railway reason relatively respect routines rules satisficing scheme Schumpeter Schumpeter's selection simple simulation situation specification statement strategy structure studies successful suggested theoretical theory traders types variables