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Evolutionary perspectives on economic policy

Author

Listed:
  • Marco Lehmann-Waffenschmidt

    (Technische Universität Dresden)

  • Michael Peneder

    (Austrian Institute of Economic Research (WIFO))

Abstract

Evolutionary processes are characterised by genuine uncertainty. Consequently, economic policy must take into account that environmental conditions and alternatives for action are often indeterminate. Scientifically sound concepts, methods and instruments are needed that take into account the partial openness of economic processes in real time. This editorial introduction provides a brief summary of the main findings of the individual articles in this special issue. Although each contribution can only highlight a specific problem, taken together they impressively demonstrate the relevance and urgency of developing a truly evolutionary perspective on economic policy.

Suggested Citation

  • Marco Lehmann-Waffenschmidt & Michael Peneder, 2022. "Evolutionary perspectives on economic policy," Journal of Evolutionary Economics, Springer, vol. 32(1), pages 3-7, January.
    • Handle: RePEc:spr:joevec:v:32:y:2022:i:1:d:10.1007_s00191-021-00757-0
    DOI: 10.1007/s00191-021-00757-0
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    References listed on IDEAS

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    1. Michael Peneder, 2017. "Competitiveness and industrial policy: from rationalities of failure towards the ability to evolve," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 829-858.
    2. Cantner, Uwe & Pyka, Andreas, 2001. "Classifying technology policy from an evolutionary perspective," Research Policy, Elsevier, vol. 30(5), pages 759-775, May.
    3. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    4. Michael Peneder, 2022. "Digitization and the evolution of money as a social technology of account," Journal of Evolutionary Economics, Springer, vol. 32(1), pages 175-203, January.
    5. Lena Gerdes & Bernhard Rengs & Manuel Scholz-Wäckerle, 2022. "Labor and environment in global value chains: an evolutionary policy study with a three-sector and two-region agent-based macroeconomic model," Journal of Evolutionary Economics, Springer, vol. 32(1), pages 123-173, January.
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