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Coevolution and dynamic processes: an introduction to this issue and avenues for future research

Author

Listed:
  • Isabel Almudi

    (University of Zaragoza)

  • Francisco Fatas-Villafranca

    (University of Zaragoza)

  • John Foster

    (University of Queensland)

  • Jason Potts

    (RMIT University)

Abstract

In this paper, drawing upon previous contributions to modern Schumpeterian economics, we argue that coevolution in economic systems operates when considering several evolving populations within a socio-economic system, these populations mutually shape their respective selection, learning, and/or novelty generation mechanisms. The properties that arise from coevolution should be analyzed as emerging from multiple populations in co-determination. The notion of coevolution appears not only in Schumpeterian economics but, in general, in many branches of heterodox thought. Likewise, it can also be found in Biology, Sociology, Political Science, History, Philosophy, Law, and Computational studies. In this introduction, after providing a neat definition of coevolution, we illustrate with formal examples how coevolution can be represented and, potentially, empirically tested. Finally, we present the contributions to the SI and suggest avenues for future research.

Suggested Citation

  • Isabel Almudi & Francisco Fatas-Villafranca & John Foster & Jason Potts, 2024. "Coevolution and dynamic processes: an introduction to this issue and avenues for future research," Review of Evolutionary Political Economy, Springer, vol. 5(3), pages 399-423, October.
    • Handle: RePEc:spr:revepe:v:5:y:2024:i:3:d:10.1007_s43253-024-00137-x
    DOI: 10.1007/s43253-024-00137-x
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    References listed on IDEAS

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    More about this item

    Keywords

    Coevolution; Evolving systems; Technology; Institutions; Economic thought;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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