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- W577406765 abstract "This introductory chapter discusses how hypotheses on innovative activities can be developed. These hypotheses should account for the epistemological problems implied by the occurrence of novelty, the crucial feature of endogenous change in the economy. The involved problems suggest population thinking, a typical attitude of theories dealing with evolution. Two generic features resulting from such a perspective, frequency-dependency and selection effect, are explored together with their common ground in the notion of replicator dynamics. The paper concludes with a reappraisal of classical notions of competition, the coordinating power of markets, and long run tendencies in the economy." @default.
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- W577406765 date "1993-01-01" @default.
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- W577406765 title "Evolutionary economics: Some principles" @default.
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- W577406765 doi "https://doi.org/10.1007/978-3-642-50065-7_1" @default.
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