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Evolution and economic complexity: an overview

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  • John Foster
  • Stan Metcalfe

Abstract

The articles in this special issue are based upon a selection of papers presented at the 'Brisbane Club' section of the 2007 STOREP Conference. We provide introductory reviews of these articles and briefly assess their contributions to the advancement of our understanding of economic evolution, and the associated process of innovation. In particular, we discuss why it is necessary to adopt a complex systems perspective, which deals explicitly with the creation and transmission of new knowledge, as the analytical foundation of evolutionary economic modelling.

Suggested Citation

  • John Foster & Stan Metcalfe, 2009. "Evolution and economic complexity: an overview," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(7), pages 607-610.
    • Handle: RePEc:taf:ecinnt:v:18:y:2009:i:7:p:607-610
    DOI: 10.1080/10438590802564477
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    References listed on IDEAS

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    1. John Foster & J. Stanley Metcalfe (ed.), 2001. "Frontiers of Evolutionary Economics," Books, Edward Elgar Publishing, number 2234.
    2. John Foster, 2005. "From simplistic to complex systems in economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 29(6), pages 873-892, November.
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    Cited by:

    1. Rutledge, John, 2015. "Economics as energy framework: Complexity, turbulence, financial crises, and protectionism," Review of Financial Economics, Elsevier, vol. 25(C), pages 10-18.
    2. Ron Martin & Peter Sunley, 2010. "Complexity Thinking and Evolutionary Economic Geography," Chapters, in: Ron Boschma & Ron Martin (ed.), The Handbook of Evolutionary Economic Geography, chapter 4, Edward Elgar Publishing.
    3. Cristiano Antonelli & Christophe Feder, 2023. "The foundations of Schumpeterian dynamics: The European evidence," Journal of Evolutionary Economics, Springer, vol. 33(1), pages 65-96, January.
    4. Muñoz, Félix & Encinar, María Isabel, 2011. "Agents intentionality, capabilities and the performance of Systems of Innovation," Working Papers in Economic Theory 2011/03, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
    5. Richard Holt & J. Barkley Rosser & David Colander, 2011. "The Complexity Era in Economics," Review of Political Economy, Taylor & Francis Journals, vol. 23(3), pages 357-369.
    6. María-Isabel Encinar & Félix-Fernando Muñoz, 2006. "On novelty and economics: Schumpeter’s paradox," Journal of Evolutionary Economics, Springer, vol. 16(3), pages 255-277, August.
    7. John Rutledge, 2015. "Economics as energy framework: Complexity, turbulence, financial crises, and protectionism," Review of Financial Economics, John Wiley & Sons, vol. 25(1), pages 10-18, April.
    8. Verónica Robert & Gabriel Yoguel, 2022. "Exploration of trending concepts in innovation policy," Review of Evolutionary Political Economy, Springer, vol. 3(2), pages 259-292, July.
    9. Dopfer, Kurt & Potts, Jason, 2010. "Why evolutionary realism underpins evolutionary economic analysis and theory: A reply to Runde's critique," Journal of Institutional Economics, Cambridge University Press, vol. 6(3), pages 401-413, September.

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