The role of the state in evolutionary economics

Moreau, François

doi:10.1093/cje/beh038

Cited by 74 publications

(30 citation statements)

References 29 publications

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“…time only goes one way; one cannot go back and resurrect genes that have been extinguished) admitting non-combinatorial transformations changes one of the basic results of the model. In the case of evolutionary models, this will also alter some of their basic policy prescriptions (Witt 2003;Moreau 2004), i.e. about the trade-offs between exploration and exploitation viz.…”

Section: Resultsmentioning

confidence: 99%

On the entrepreneurial genesis of new markets: effectual transformations versus causal search and selection

et al. 2010

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The generation of new markets is an emerging area of interest among researchers working in the traditions of evolutionary economics. And true to those traditions, the current study incorporates empirical evidence from psychology and cognitive science to develop micro-foundations for evolutionary theories of new market generation. In this paper we present an indepth analysis of how expert entrepreneurs use effectual logic to conceptualize the creation of new markets. Our results challenge received wisdom based on search and selection processes and move beyond combinatorial ideas to develop instead a "transformational" view of market genesis.

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Section: Resultsmentioning

confidence: 99%

On the entrepreneurial genesis of new markets: effectual transformations versus causal search and selection

et al. 2010

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“…A good illustration of this tendency is cluster theory, to which policy makers have tended to appeal as a panacea for resolving all regional economic ills (Sugden et al, 2006). Contrary to this implicit optimism, recent arguments from evolutionary economic geography show greater caution by stressing that policy makers' ability to influence and direct the evolution of economies is strongly limited (Moreau, 2004). In evolutionary terms, policy implications are not simple or straightforward, and evolutionary thinking would even provide arguments for non-intervention .…”

Section: Analytical Vs Normative Perspectivesmentioning

confidence: 99%

What is evolutionary about ‘regional systems of innovation’? Implications for regional policy

2009

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThe literature on Regional Systems of Innovation (RSI) has produced an extensive body of research in recent years and has been used widely as a framework for the design and implementation of policies in a variety of regional contexts. However, certain lack of clarity remains in relation to the defining elements and the dynamics of RSI. This lack of clarity is motivated by the fact that the concept of RSI is influenced by a number of theories and approaches, and in particular institutional, systemic and evolutionary approaches to innovation and learning. As a result of this mix of influences, the concept of RSI can result in different and even conflicting theoretical assumptions and policy rationales. To overcome these shortcomings it is necessary to revisit and adequately incorporate evolutionary ideas in regional systems of innovation. Keywords regional systems of innovation, regional policy, innovation policy, evolutionary economics, institutionsHow to quote or cite this document Uyarra, E (2008) (0) 161 2757055 Elvira.uyarra@mbs.ac.uk Abstract: The literature on Regional Systems of Innovation (RSI) has produced an extensive body of research in recent years and has been used widely as a framework for the design and implementation of policies in a variety of regional contexts. However, certain lack of clarity remains in relation to the defining elements and the dynamics of RSI, which make it difficult to operationalise and properly articulate the concept for policy purposes. This lack of clarity is motivated by the fact that the concept of RSI is influenced by a number of theories and approaches, in particular institutional, systemic and evolutionary approaches to innovation and learning. As a result of this mix of influences, the concept of RSI derive different and even conflicting theoretical assumptions and policy rationales. The paper advocates a more coherent evolutionary articulation of regional systems and a better understanding of the complexity surrounding policy processes.

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“…These discussions are taking place within the context of a wider-ranging examination of the fundamental role of the state in economic affairs (e.g. Moreau, 2004). Our habitual ways of thinking about economic behavior, markets and other institutions frame how we see innovation and locate the factors that are most causally and teleologically connected to it.…”

Section: The Institutional and Policy Dimensions Of Innovationmentioning

confidence: 99%

Innovation and institutions from the bottom up: an introduction

Harper

2018

Journal of Institutional Economics

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Abstract. This introduction canvasses broad themes relating to the nexus of innovation and institutions. It first examines the notion of a "new combination" -a core analytical concept in economic theories of innovation and explanations of emergent novelty through bottom-up processes. Following Schumpeter, different theorists have made different claims about the composition and structure of new combinations. Possible constituent elements include factors of production, capital goods, routines, information, ideas, technologies, and property rights. The article then looks synoptically at the institutional dimensions of innovation from alternative perspectives that focus upon different kinds of institutional rules and policy solutions to innovation problems. Neoclassical and evolutionary approaches tend to emphasize specific policy interventions in markets to channel behavior toward particular desired outcomes, whereas institutional and Austrian approaches tend to focus upon general institutional rules (e.g. property and contract) that frame markets and innovation processes. Finally, this article summarizes the papers in the special issue.If we fully understood the nature of industrial entrepreneurship and the conditions under which it flourishes, and I do not claim that we have done more than scratch the surface of that subject, we would at long last be near to answering the great question with which economics began: what are the causes of the wealth of nations? (Blaug, 1986: 229) [T]he modern economy, through its ceaseless creation of new economic knowledge, changed radically the material conditions of life . . . The massive effort to innovate evidently permeated nations from the bottom up.

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The role of the state in evolutionary economics

Cited by 74 publications

References 29 publications

On the entrepreneurial genesis of new markets: effectual transformations versus causal search and selection

On the entrepreneurial genesis of new markets: effectual transformations versus causal search and selection

What is evolutionary about ‘regional systems of innovation’? Implications for regional policy

Innovation and institutions from the bottom up: an introduction

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