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• W4382021517 abstract "I examine the prospect of locating the evolution of economic organizations and markets within Generalized Darwinism. I use the most mature account Joseph Schumpeter’s model of economic evolution form his 1939 book, Business Cycles, as the basis for the analysis. The benefits of this account are that it abstracts variation as innovation – purposeful entrepreneurial action to create novel technological and organization processes and structures – and idealizes the variation as a new production function, a construct central to economic analysis. New firms and reconfigured existing firms are equivalent, an advantage for theorizing. Measured against these benefits for evolutionary thinking at the population level is the complex combination of competition and selection processes within a community ecology of economic mutualisms, conventions, institutions, and other inter-firm structures that confound the explanation of the success of the variants. Furthermore, if one takes the purposeful innovation as the organizational strategy, modern accounts of competitive advantage as the measure of fitness require opacity of the strategy to other organizations. This renders typical accounts of diffusion common to cultural evolution moot. Thus, the selection and retention features of current accounts of Generalized Darwinism are incompatible with organizational evolution." @default.
• W4382021517 created "2023-06-27" @default.
• W4382021517 creator A5036271123 @default.
• W4382021517 date "2023-01-01" @default.
• W4382021517 modified "2023-09-24" @default.
• W4382021517 title "Evolution and Ecology of Organizations and Markets" @default.
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• W4382021517 doi "https://doi.org/10.1007/978-3-031-33358-3_14" @default.
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