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The role of the state in evolutionary economics

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  • François Moreau

    (CEPN - Centre d'Economie de l'Université Paris Nord - CNRS - Centre National de la Recherche Scientifique - Université Sorbonne Paris Nord, LABEX ICCA - UP13 - Université Paris 13 - Université Sorbonne Nouvelle - Paris 3 - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité - Université Sorbonne Paris Nord)

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • François Moreau, 2004. "The role of the state in evolutionary economics," Post-Print hal-03983504, HAL.
    • Handle: RePEc:hal:journl:hal-03983504
    DOI: 10.1093/cje/beh038
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. Fulvio Castellacci, 2023. "Innovation and social welfare: A new research agenda," Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1156-1191, September.
    9. 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.
    10. Srinivas, Smita, 2009. "Industry policy, technological change, and the state," MPRA Paper 52691, University Library of Munich, Germany.
    11. 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.
    12. 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.
    13. Flanagan, Kieron & Uyarra, Elvira & Laranja, Manuel, 2011. "Reconceptualising the 'policy mix' for innovation," Research Policy, Elsevier, vol. 40(5), pages 702-713, June.
    14. 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.
    15. Dirk Fornahl & Sebastian Henn & Max-Peter Menzel (ed.), 2010. "Emerging Clusters," Books, Edward Elgar Publishing, number 13533.
    16. 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.
    17. 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.
    18. 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.
    19. 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.
    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.
    21. 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.

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