IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v28y2004i6p847-874.html
   My bibliography  Save this article

The role of the state in evolutionary economics

Author

Listed:
  • François Moreau

Abstract

From an evolutionary perspective, the role of public policy extends far beyond the mere correction of market failures emphasised by neoclassical economics. Public policy may facilitate the market process. It may also guide the market process (in the case of multiple equilibria). The state can finally play a more creative role by allowing private agents to satisfy individually or collectively certain goals unattainable through market forces alone. However, this paper shows that although the scope of useful public policies is broader in an evolutionary approach than in neoclassical economics, the government's ability to direct the evolution of the economic system is highly limited. This paper also tries to formulate certain normative criteria which could act as public policy guidelines in an evolutionary perspective. Copyright 2004, Oxford University Press.

Suggested Citation

  • François Moreau, 2004. "The role of the state in evolutionary economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(6), pages 847-874, November.
    • Handle: RePEc:oup:cambje:v:28:y:2004:i:6:p:847-874
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cje/beh038
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Valeria Costantini & Francesco Crespi & Alessandro Palma, 2014. "Policy Inducement Effects in Energy Efficiency Technologies. An Empirical Analysis on the Residential Sector," SEEDS Working Papers 1914, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Aug 2014.
    2. Srinivas, Smita, 2009. "Industry policy, technological change, and the state," MPRA Paper 52691, University Library of Munich, Germany.
    3. Doole, Graeme J. & Kaine, Geoff & Dorner, Zack, 2019. "The optimal diffusion of mitigation options for environmental management," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(2), April.
    4. Esther Blanco & Javier Lozano, 2015. "Ecolabels, uncertified abatement, and the sustainability of natural resources: an evolutionary approach," Journal of Evolutionary Economics, Springer, vol. 25(3), pages 623-647, July.
    5. Elvira Uyarra, 2010. "What is evolutionary about ‘regional systems of innovation’? Implications for regional policy," Journal of Evolutionary Economics, Springer, vol. 20(1), pages 115-137, January.
    6. Laranja, Manuel & Uyarra, Elvira & Flanagan, Kieron, 2008. "Policies for science, technology and innovation: Translating rationales into regional policies in a multi-level setting," Research Policy, Elsevier, vol. 37(5), pages 823-835, June.
    7. Peter Schmidt, 2015. "Market vs. system failure as a rationale for EU regional policy? A critique from an evolutionary economic perspective," ERSA conference papers ersa15p842, European Regional Science Association.
    8. Elena Castro-Martínez & Fernando Jiménez-Sáez & Francisco Javier Ortega-Colomer, 2009. "Science and technology policies: A tale of political use, misuse and abuse of traditional R&D indicators," Scientometrics, Springer;Akadémiai Kiadó, vol. 80(3), pages 827-844, September.
    9. Flanagan, Kieron & Uyarra, Elvira & Laranja, Manuel, 2011. "Reconceptualising the 'policy mix' for innovation," Research Policy, Elsevier, vol. 40(5), pages 702-713, June.
    10. Jeroen Bergh & Giorgos Kallis, 2013. "A survey of evolutionary policy: normative and positive dimensions," Journal of Bioeconomics, Springer, vol. 15(3), pages 281-303, October.
    11. Ron A. Boschma & Markku Sotarauta, 2007. "Economic policy from an evolutionary perspective: the case of Finland," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 7(2/3/4/5), pages 156-173.
    12. Marianne Van Der Steen & John Groenewegen, 2009. "Policy entrepreneurship: empirical inquiry into policy agents and institutional structures," Journal of Innovation Economics, De Boeck Université, vol. 0(2), pages 41-61.
    13. Cardinale, Roberto, 2019. "Theory and practice of State intervention: Italy, South Korea and stages of economic development," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 206-216.
    14. Peter Schmidt, 2018. "Market failure vs. system failure as a rationale for economic policy? A critique from an evolutionary perspective," Journal of Evolutionary Economics, Springer, vol. 28(4), pages 785-803, September.
    15. Matthias Kiese, 2010. "Policy Transfer and Institutional Learning: An Evolutionary Perspective on Regional Cluster Policies in Germany," Chapters, in: Dirk Fornahl & Sebastian Henn & Max-Peter Menzel (ed.), Emerging Clusters, chapter 13, Edward Elgar Publishing.
    16. Dirk Fornahl & Sebastian Henn & Max-Peter Menzel (ed.), 2010. "Emerging Clusters," Books, Edward Elgar Publishing, number 13533.
    17. Sepehr Ghazinoory & Meysam Narimani & Shiva Tatina, 2017. "Neoclassical versus evolutionary economics in developing countries: convergence of policy implications," Journal of Evolutionary Economics, Springer, vol. 27(3), pages 555-583, July.
    18. Nicholas Dew & Stuart Read & Saras Sarasvathy & Robert Wiltbank, 2011. "On the entrepreneurial genesis of new markets: effectual transformations versus causal search and selection," Journal of Evolutionary Economics, Springer, vol. 21(2), pages 231-253, May.
    19. Flanagan, Kieron & Uyarra, Elvira & Laranja, Manuel, 2010. "The ‘policy mix’ for innovation: rethinking innovation policy in a multi-level, multi-actor context," MPRA Paper 23567, University Library of Munich, Germany.
    20. Juan Ricardo Perilla Jimenez, 2019. "Mainstream and evolutionary views of technology, economic growth and catching up," Journal of Evolutionary Economics, Springer, vol. 29(3), pages 823-852, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:28:y:2004:i:6:p:847-874. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.