The Evolutionary Analysis of Economic Policy (New Horizons in Institutional and Evolutionary Economics series)

Pavel Pelikan et Gerhard Wegner

ISBN 10: 1843762250 / ISBN 13: 9781843762256

Published by Edward Elgar Publishing, 2003

About this Item

Ancien livre de bibliothèque avec équipements. Sans jaquette. Edition 2003. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Very good. Former library book. No dust jacket. Edition 2003. Ammareal gives back up to 15% of this item's net price to charity organizations.

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Bibliographic Details

• Title: The Evolutionary Analysis of Economic Policy (New Horizons in Institutional and Evolutionary Economics series)
• Publisher: Edward Elgar Publishing
• Publication Date: 2003
• Language: English
• ISBN 10: 1843762250
• ISBN 13: 9781843762256
• Binding: No jacket
• Condition: Très bon

About this title

Synopsis

This important book analyses evolutionary approaches to economic policy. Its main purpose is to explore the policy implications of evolutionary economics, in particular of approaches inspired on the one hand by Schumpeter and revived by Nelson and Winter which deal with industrial evolution under constant institutions and, on the other hand, of approaches inspired by Hayek and North, which analyse the ways in which institutions themselves evolve.

Hitherto evolutionary economists have paid little attention to policy issues, and the relatively few policy implications that they have produced are divergent. Whereas the Neo-Schumpeterian approach has often been used to support political interventions, the Hayekian viewpoint holds that economic policy detracts from economic performance. More systematic evolutionary analysis of economic policy is required if these one-sided findings are to be transcended. Furthermore, such analysis can be expected to develop a coherent theory of economic policy which will plug the gaps and rectify the errors (such as approval of socialist planning and Japanese industrial policies) of both neoclassical and alternative approaches to policy.

Evolutionary economists and policy analysts will find this book of great interest, as will economists and students of economics who are interested in enlarging their views with excursions outside the standard curriculum.

About the Author

Edited by Pavel Pelikan, KIE-VSE, Czech Republic and Gerhard Wegner, Professor of Economics, Erfurt University, Germany