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Democracy as an evolutionary method

In: The Evolutionary Analysis of Economic Policy

Author

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  • Michael Wohlgemuth
  • Michael Wohlgemuth

Abstract

This important book analyses evolutionary approaches to economic policy. Its main purpose is to explore the policy implications of evolutionary economics, in particular of approaches inspired on the one hand by Schumpeter and revived by Nelson and Winter which deal with industrial evolution under constant institutions and, on the other hand, of approaches inspired by Hayek and North, which analyse the ways in which institutions themselves evolve.

Suggested Citation

  • Michael Wohlgemuth & Michael Wohlgemuth, 2003. "Democracy as an evolutionary method," Chapters, in: Pavel Pelikan & Gerhard Wegner (ed.), The Evolutionary Analysis of Economic Policy, chapter 5, pages 96-127, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2953_5
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    Keywords

    Economics and Finance;

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