Understanding long run economic development as an evolutionary process

Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the we...
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Autor*in:	Nelson, Richard R. [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2015

Schlagwörter:	Economic development Evolutionary economics Technological Change Demand

Anmerkung:	© Springer International Publishing Switzerland 2015

Übergeordnetes Werk:	Enthalten in: Economia politica - Bologna : Mulino, 1990, 32(2015), 1 vom: 06. Feb., Seite 11-29
Übergeordnetes Werk:	volume:32 ; year:2015 ; number:1 ; day:06 ; month:02 ; pages:11-29

Links:	Volltext

DOI / URN:	10.1007/s40888-015-0007-x

Katalog-ID:	SPR037968939

Internformat


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allfields	10.1007/s40888-015-0007-x doi (DE-627)SPR037968939 (SPR)s40888-015-0007-x-e DE-627 ger DE-627 rakwb eng Nelson, Richard R. verfasserin aut Understanding long run economic development as an evolutionary process 2015 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier © Springer International Publishing Switzerland 2015 Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge. Economic development (dpeaa)DE-He213 Evolutionary economics (dpeaa)DE-He213 Technological Change (dpeaa)DE-He213 Demand (dpeaa)DE-He213 Enthalten in Economia politica Bologna : Mulino, 1990 32(2015), 1 vom: 06. Feb., Seite 11-29 (DE-627)607349778 (DE-600)2509755-6 1973-820X nnns volume:32 year:2015 number:1 day:06 month:02 pages:11-29 https://dx.doi.org/10.1007/s40888-015-0007-x lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_SPRINGER GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_26 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_250 GBV_ILN_281 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2107 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2188 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2446 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 32 2015 1 06 02 11-29
spelling	10.1007/s40888-015-0007-x doi (DE-627)SPR037968939 (SPR)s40888-015-0007-x-e DE-627 ger DE-627 rakwb eng Nelson, Richard R. verfasserin aut Understanding long run economic development as an evolutionary process 2015 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier © Springer International Publishing Switzerland 2015 Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge. Economic development (dpeaa)DE-He213 Evolutionary economics (dpeaa)DE-He213 Technological Change (dpeaa)DE-He213 Demand (dpeaa)DE-He213 Enthalten in Economia politica Bologna : Mulino, 1990 32(2015), 1 vom: 06. Feb., Seite 11-29 (DE-627)607349778 (DE-600)2509755-6 1973-820X nnns volume:32 year:2015 number:1 day:06 month:02 pages:11-29 https://dx.doi.org/10.1007/s40888-015-0007-x lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_SPRINGER GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_26 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_250 GBV_ILN_281 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2107 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2188 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2446 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 32 2015 1 06 02 11-29
allfields_unstemmed	10.1007/s40888-015-0007-x doi (DE-627)SPR037968939 (SPR)s40888-015-0007-x-e DE-627 ger DE-627 rakwb eng Nelson, Richard R. verfasserin aut Understanding long run economic development as an evolutionary process 2015 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier © Springer International Publishing Switzerland 2015 Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge. Economic development (dpeaa)DE-He213 Evolutionary economics (dpeaa)DE-He213 Technological Change (dpeaa)DE-He213 Demand (dpeaa)DE-He213 Enthalten in Economia politica Bologna : Mulino, 1990 32(2015), 1 vom: 06. Feb., Seite 11-29 (DE-627)607349778 (DE-600)2509755-6 1973-820X nnns volume:32 year:2015 number:1 day:06 month:02 pages:11-29 https://dx.doi.org/10.1007/s40888-015-0007-x lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_SPRINGER GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_26 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_250 GBV_ILN_281 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2107 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2188 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2446 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 32 2015 1 06 02 11-29
allfieldsGer	10.1007/s40888-015-0007-x doi (DE-627)SPR037968939 (SPR)s40888-015-0007-x-e DE-627 ger DE-627 rakwb eng Nelson, Richard R. verfasserin aut Understanding long run economic development as an evolutionary process 2015 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier © Springer International Publishing Switzerland 2015 Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge. Economic development (dpeaa)DE-He213 Evolutionary economics (dpeaa)DE-He213 Technological Change (dpeaa)DE-He213 Demand (dpeaa)DE-He213 Enthalten in Economia politica Bologna : Mulino, 1990 32(2015), 1 vom: 06. Feb., Seite 11-29 (DE-627)607349778 (DE-600)2509755-6 1973-820X nnns volume:32 year:2015 number:1 day:06 month:02 pages:11-29 https://dx.doi.org/10.1007/s40888-015-0007-x lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_SPRINGER GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_26 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_250 GBV_ILN_281 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2107 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2188 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2446 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 32 2015 1 06 02 11-29
allfieldsSound	10.1007/s40888-015-0007-x doi (DE-627)SPR037968939 (SPR)s40888-015-0007-x-e DE-627 ger DE-627 rakwb eng Nelson, Richard R. verfasserin aut Understanding long run economic development as an evolutionary process 2015 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier © Springer International Publishing Switzerland 2015 Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge. Economic development (dpeaa)DE-He213 Evolutionary economics (dpeaa)DE-He213 Technological Change (dpeaa)DE-He213 Demand (dpeaa)DE-He213 Enthalten in Economia politica Bologna : Mulino, 1990 32(2015), 1 vom: 06. Feb., Seite 11-29 (DE-627)607349778 (DE-600)2509755-6 1973-820X nnns volume:32 year:2015 number:1 day:06 month:02 pages:11-29 https://dx.doi.org/10.1007/s40888-015-0007-x lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_SPRINGER GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_26 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_171 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_250 GBV_ILN_281 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2107 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2188 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2446 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 32 2015 1 06 02 11-29
language	English
source	Enthalten in Economia politica 32(2015), 1 vom: 06. Feb., Seite 11-29 volume:32 year:2015 number:1 day:06 month:02 pages:11-29
sourceStr	Enthalten in Economia politica 32(2015), 1 vom: 06. Feb., Seite 11-29 volume:32 year:2015 number:1 day:06 month:02 pages:11-29
format_phy_str_mv	Article
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topic_facet	Economic development Evolutionary economics Technological Change Demand
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container_title	Economia politica
authorswithroles_txt_mv	Nelson, Richard R. @@aut@@
publishDateDaySort_date	2015-02-06T00:00:00Z
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author	Nelson, Richard R.
spellingShingle	Nelson, Richard R. misc Economic development misc Evolutionary economics misc Technological Change misc Demand Understanding long run economic development as an evolutionary process
authorStr	Nelson, Richard R.
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topic_title	Understanding long run economic development as an evolutionary process Economic development (dpeaa)DE-He213 Evolutionary economics (dpeaa)DE-He213 Technological Change (dpeaa)DE-He213 Demand (dpeaa)DE-He213
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title	Understanding long run economic development as an evolutionary process
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title_full	Understanding long run economic development as an evolutionary process
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title_sort	understanding long run economic development as an evolutionary process
title_auth	Understanding long run economic development as an evolutionary process
abstract	Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge. © Springer International Publishing Switzerland 2015
abstractGer	Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge. © Springer International Publishing Switzerland 2015
abstract_unstemmed	Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge. © Springer International Publishing Switzerland 2015
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title_short	Understanding long run economic development as an evolutionary process
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up_date	2024-07-03T15:27:34.239Z
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fullrecord_marcxml	<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a22002652 4500</leader><controlfield tag="001">SPR037968939</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230328194626.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">201007s2015 xx \|\|\|\|\|o 00\| \|\|eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1007/s40888-015-0007-x</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)SPR037968939</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(SPR)s40888-015-0007-x-e</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Nelson, Richard R.</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Understanding long run economic development as an evolutionary process</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2015</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">© Springer International Publishing Switzerland 2015</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Abstract A broad sketch of an evolutionary theory of long run economic development is presented in this article, considering the basic processes and structures involved. The problematic orientation of Neoclassical growth theory is discussed, pointing out its limited macroeconomic perspective, the weak consideration of technological change and of demand, the lack of attention to institutional settings. An explanation of economic development has to consider the key role of innovation and the process of creative destruction, in the context of Schumpeterian insights and evolutionary perspectives. I argue that economists need to consider three somewhat separate bodies of research on economic development. One is the evolutionary analysis that follows Schumpeter. A second is the research on technological advance as an evolutionary process. The third is focused on institutions and how they mold the development process, and how they themselves evolve. Moreover, the role of demand in shaping growth dynamics and business cycles—stressed by Keynes and post-Keynesian approaches—has to be integrated in such evolutionary perspectives in ways that are only now starting to emerge.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic development</subfield><subfield code="7">(dpeaa)DE-He213</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Evolutionary economics</subfield><subfield code="7">(dpeaa)DE-He213</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Technological Change</subfield><subfield code="7">(dpeaa)DE-He213</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Demand</subfield><subfield code="7">(dpeaa)DE-He213</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">Economia politica</subfield><subfield code="d">Bologna : Mulino, 1990</subfield><subfield code="g">32(2015), 1 vom: 06. 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