Evolutionary Economics and Creative Destruction - 9780415158688

Taylor & Francis

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. > The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage. > Figures, Foreword, Preface, Part I. The evolutionary economics of creative destruction, PROLOGUE: CHANGE WITHIN CHANGE, 1. ON RIVAL CONCEPTS OF COMPETITION AND THE EVOLUTIONARY CONNECTION, 2. FISHER\u2019S PRINCIPLE AND THE PROCESS OF COMPETITION, 3. ECONOMIC VARIETY AND MODELS OF CHANGE, EPILOGUE: ON BEING DIFFERENT, x