Economics, Evolution And the State: The Governance of Complexity

This book
focuses on the emerging field of evolutionary economic policy, highlighting the
interface between the state, markets, and the evolutionary complexity of modern
economies.
The contributors explore the possibilities and limitations of governance, and
provide a unique platform for the advancement of modern evolutionary economic
theory. Decision-making is discussed, with particular reference to:
■ economic evolution as an open process
■ self-organization and networks
■ the political economy of complexity.
Issues of evolutionary economic governance at various levels of aggregation are
also examined. Inspired by evolutionary thinking, a range of models emerge from
the study, illustrating the variety and complexity of evolutionary governance
of economic systems.
Exploring the little investigated aspects of an evolutionary economic policy,
this collection of original papers goes beyond the traditional confines of
positive theory, making a long overdue contribution to the field of evolutionary
economics. It will therefore be invaluable to a wide ranging audience including
evolutionary and institutional economists, governmental scientists, management
scientists and scholars following an interdisciplinary approach in the social
and cognitive sciences.