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Economic evolution and the science of synergetics

Author

Listed:
  • John Foster

    (Department of Economics, University of Queensland, Brisbane, Queensland 4072, Australia)

  • Phillip Wild

    (Department of Economics, University of Queensland, Brisbane, Queensland 4072, Australia)

Abstract

This paper deals with synergetic methods, which have developed as a sub-field of the self-organisation approach in the natural sciences. Such methods have been used successfully to model structural transitions in physio-chemical contexts. The synergetic approach is explained in a non-technical way and the main elements of the synergetic methodology are introduced. The extent to which such methods can be applied in the presence of historical time series data, which are subject to underlying processes of evolutionary economic change, is assessed. Proposals, concerning more appropriate synergetic methods for evolutionary economic application, are considered.

Suggested Citation

  • John Foster & Phillip Wild, 1996. "Economic evolution and the science of synergetics," Journal of Evolutionary Economics, Springer, vol. 6(3), pages 239-260.
    • Handle: RePEc:spr:joevec:v:6:y:1996:i:3:p:239-260
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    Citations

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    Cited by:

    1. Савкин Д. А. & Локтионова Е. А. & Хлебович Д. И., 2020. "Гринфилд В Экосистеме Высшего Образования: Кейс Байкальского Института Брикс," Вопросы образования // Educational Studies Moscow, National Research University Higher School of Economics, issue 4, pages 113-140.
    2. Dmitry Savkin & Elena Loktionova & Daria Khlebovich, 2020. "Greenfield Projects in the Higher Education Ecosystem: The Case of Baikal School of BRICS," Voprosy obrazovaniya / Educational Studies Moscow, National Research University Higher School of Economics, issue 4, pages 113-140.
    3. Sylvie Geisendorf, 2009. "The economic concept of evolution: self-organization or Universal Darwinism?," Journal of Economic Methodology, Taylor & Francis Journals, vol. 16(4), pages 377-391.
    4. Potts, Jason & Foster, John & Straton, Anna, 2010. "An entrepreneurial model of economic and environmental co-evolution," Ecological Economics, Elsevier, vol. 70(2), pages 375-383, December.
    5. Foster, John, 1997. "The analytical foundations of evolutionary economics: From biological analogy to economic self-organization," Structural Change and Economic Dynamics, Elsevier, vol. 8(4), pages 427-451, October.

    More about this item

    Keywords

    Synergetics ; Self-organisation ; Time-irreversibility ; Evolution ; Structural change;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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