Evolutionary Economics and Creative Destruction

Business & Finance, Economics
Cover of the book Evolutionary Economics and Creative Destruction by , Taylor and Francis
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Author: ISBN: 9781134725168
Publisher: Taylor and Francis Publication: January 4, 2002
Imprint: Routledge Language: English
Author:
ISBN: 9781134725168
Publisher: Taylor and Francis
Publication: January 4, 2002
Imprint: Routledge
Language: English

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.

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The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.

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