nep-evo New Economics Papers
on Evolutionary Economics
Issue of 2014‒01‒24
four papers chosen by
Matthew Baker
City University of New York

  1. Towards a Developmental Turn in Evolutionary Economic Geography? By Ron Martin; Peter Sunley
  2. Interim and Long-Run Dynamics in the Evolution of Conventions By David K Levine; Salvatore Modica
  3. A Creepy World By Didier Sornette; Peter Cauwels
  4. Entertaining Malthus: Bread, Circuses and Economic Growth By Lemin Wu; Rohan Dutta; David K Levine; Nicholas W Papageorge

  1. By: Ron Martin; Peter Sunley
    Abstract: Over the past couple of decades or so, there have been increasing moves within evolutionary theory to move beyond the neo-Darwinian principles of variety, selection and retention, and to incorporate development. This has led to a richer palette of concepts, mechanisms and models of evolution and change, such as plasticity, robustness, evolvability, emergence, niche construction, and selforganisation, This opens up a different framework for understanding evolution. In this paper we set out the main characteristics of the recent and ongoing ‘developmental turn’ in evolutionary theory, and suggest how these might inform a corresponding ‘developmental turn’ in evolutionary economic geography.
    Keywords: Evolutionary economic geography, Generalised Darwinism, Evolutionary developmental biology, Developmental systems theory, Plasticity, Robustness, Evolvability, Emergence, Self organisation
    Date: 2014–01
  2. By: David K Levine; Salvatore Modica
    Date: 2014–01–21
  3. By: Didier Sornette; Peter Cauwels
    Abstract: Using the mechanics of creep in material sciences as a metaphor, we present a general framework to understand the evolution of financial, economic and social systems and to construct scenarios for the future. In a nutshell, highly non-linear out-of-equilibrium systems subjected to exogenous perturbations tend to exhibit a long phase of slow apparent stable evolution, which are nothing but slow maturations towards instabilities, failures and changes of regimes. With examples from history where a small event had a cataclysmic consequence, we propose a novel view of the current state of the world via the logical scenarios that derive, avoiding the traps of an illusionary stability and simple linear extrapolation. The endogenous scenarios are "muddling along", "managing through" and "blood red abyss". The exogenous scenarios are "painful adjustment" and "golden east".
    Date: 2014–01
  4. By: Lemin Wu; Rohan Dutta; David K Levine; Nicholas W Papageorge
    Date: 2014–01–20

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