Journal of Evolutionary Economics
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The evolution of workplace control leadership, obedience and organizational performance
Journal of Evolutionary Economics - Tập 32 - Trang 399-421 - 2021
We study the interactions between supervisors and workers via evolutionary game-theory. We develop a simple model where workers select their effort level and decide whether to cooperate or defect. Supervisors, in turn, have two different functions: first, they act as coordinators and convert team-effort into output; and second, they act as monitors and induce workers to cooperate. In doing both, t......
Multiple attractors and global bifurcations in a Kaldor-type business cycle model
Journal of Evolutionary Economics - Tập 11 - Trang 527-554 - 2001
We consider a Kaldor-type discrete-time nonlinear business cycle model in income and capital, where investment is assumed to depend both on the difference between normal and current levels of capital stock, and on the difference between the current income and its normal level, through a nonlinear S-shaped increasing function. As usual in Kaldor business cycle models, one or three steady states ex......
Schumpeter and the `Schmollerprogramm': integrating theory and history in the analysis of economic development
Journal of Evolutionary Economics - Tập 10 - Trang 355-372 - 2000
This essay addresses the historical and institutional aspects of Schumpeter's thought. It suggests that Schumpeter prepared a pluralist research agenda, formulated in accordance with the conceptual perspective of the German Historical School, as presented by major scholars such as Schmoller, Sombart, Spiethoff and Max Weber. Schumpeter's notion of development, with its emphasis on the corresponde......
A Schumpeterian model of endogenous innovation and growth
Journal of Evolutionary Economics - Tập 4 - Trang 227-241 - 1994
A disequilibrium model of endogenous innovation and growth is presented. The behaviour of the agents is supposed to be governed by routines, not by maximization. The entrepreneurs are assumed to invest a fraction of their operating profits in real capital accumulation, and another fraction in R&D. The latter leads to an increase in labour productivity via a R&D production function. In this ‘Schump......
Erratum to: Production and financial linkages in inter-firm networks: structural variety, risk-sharing and resilience
Journal of Evolutionary Economics - - 2012
Firms as the source of innovation and growth: the evolution of technological competence
Journal of Evolutionary Economics - Tập 9 - Trang 331-366 - 1999
It is argued that the firm is the principal source of innovation and growth, a device for the establishment of technological competence, and for its continued development over time. Markets, products and background knowledge may change quite dramatically over time. Yet as a result of the cumulative nature of learning in the production processes of firms, the profile of corporate technological com......
Towards a dynamic theory of transactions
Journal of Evolutionary Economics - Tập 2 - Trang 281-299 - 1992
Standard transaction cost economics (TCE) considers transactions from the perspective of static efficiency. Increasingly, attention is required to dynamic efficiency; to capabilities to exploit transaction relations for innovation. Since innovation is dependent on knowledge and learning, the step from the statics to the dynamics of exchange requires and understanding of the development and acquisi......
Time to exit: “revolving door effect” or “Schumpeterian gale of creative destruction”?Abstract Over the past decades, exit has been analyzed at the theoretical and empirical levels. From this rich series of contributions, two basic patterns of exit can be identified: the revolving door and the gale of creative destruction. In the first, the liability of newness plays a major role in the exit process, while in the second the displacement of non-innova... ...
Journal of Evolutionary Economics - - 2021
A positive vision for the forerunner economies in the present global context
Journal of Evolutionary Economics - Tập 5 - Trang 327-332 - 1995
In this paper, the normative content of the concept of GNP growth is questioned, challenging the welfare implications of the traditional notions of input and output. It is argued that the attainment of “sustainable development” requires a reorientation towards a qualitative rather than quantitative framework of analysis.
Entrepreneurship in autocratic regimes – how neo-patrimonialism constrains innovation
Journal of Evolutionary Economics - Tập 29 - Trang 1507-1529 - 2019
Autocratic regimes form an institutional environment for entrepreneurship that differs substantially from those in democratic capitalist societies. In general, democracy guarantees equality before the law. According to Hayek, the rule of law protects property rights rather than profits of established firms. Innovative outsiders can thereby challenge incumbents, which is a legal requirement for cre......
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