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Although evolutionary economics has extensively analyzed the evolution of industries in relation to innovation and technology lifecycles, the interplay between industry lifecycles and evolutionary patterns of knowledge networks has not been fully explored yet. This work aims to bridge this gap by analyzing the co-evolutionary patterns of knowledge and trade flows in the mining industry, using social network tools in combination with the Schumpeterian tradition of analysis. The study focuses on three Latin American countries: Brazil, Chile, and Peru, where the mining sector plays a significant role in the economy, particularly in the context of energy and digital transitions. Our findings suggest that the innovation network and the global value chain-trade network display divergent co-evolutionary patterns; while the former tends to be stable and concentrated, the latter shows increasing fragmentation and turbulence. The analysis also shows remarkable evolutionary evidence at the country level. [ABSTRACT FROM AUTHOR]

The notion of organizational routine has been at the core of behavioral and evolutionary theories in economics, management and organization studies, but has also been a source of debate and controversy. The discussion has concerned the very definition of what organizational routines are (and are not), their nature, consequences, and units of observation and analysis. In this short introductory article, we try to establish some useful common grounds which, notwithstanding the diversity of definitions and approaches, could promote future useful lines of research. We see the contributions to this special section as moving forward the research on routines in that direction. [ABSTRACT FROM AUTHOR]

We explore the limitations of the adaptationist view of evolution and propose an alternative. While gradual adaptation can explain some biological and economic diversity, it cannot account for radical innovation (especially during the past 10,000 years). We argue that ubiquitously available but dormant "functional excess" provides the raw material for evolutionary disruptions. Harnessing this excess requires directed experimentation and what we call "protoscientific" problem solving. We highlight the implications of these arguments for evolutionary theory, including evolutionary economics and strategy. [ABSTRACT FROM AUTHOR]

Why is daredevil aggression like Russia's war on Ukraine such an important factor in world politics? Neither offensive nor defensive realists give a fully satisfactory answer. This paper maintains that the problem lies in their shared assumption that states pursue security. Tracing neorealism's roots in evolutionary economics, and hence indirectly in biological theories of natural selection, I argue that many policies are compatible with state survival. What is hard is surviving as a great power. States that rise to that rank, and remain there, behave as if they sought to maximize their influence, not their security. This Darwinian competition selects in favor of states with expansionist institutions and ideologies. Failing to recognize this phenomenon risks conferring a spurious legitimacy on imperialism. At the same time, neorealists have also committed a fallacy familiar to biologists: assuming that traits enhancing group fitness are selected even when they diminish fitness in intragroup competition. Whereas interstate competition selects in great powers for traits that promote influence-maximization, with the spread of democracy, intrastate competition increasingly selects for security-seeking. Yet the former process sometimes still dominates the latter, above all in authoritarian great powers. [ABSTRACT FROM AUTHOR]

This study collected data on waste generation and management in China between 1979 and 2020 from government statistics and literature and reviewed the development of municipal solid waste (MSW) management in China. The extended stochastic impact by regression on population, affluence and technology (STIRPAT) model was employed to identify the driving forces of MSW generation, and the cointegration analysis showed that economy (0.35, t = −3.47), industrial structure (3.34, t = −20.77) and urbanization (−1.5, t = 5.678) were the significant socioeconomic driving forces in the long run. By employing the framework of evolutionary economics, this study then investigated the internal rules of long-term interaction between socioeconomic factors and MSW management. The results indicate that, in the long run, MSW management development can be viewed as an evolutionary process that includes a continuous adaptation to external socioeconomic factors and the co-evolution of internal institutions and technologies. Adaptation and diversity of institutions and technologies play an important role in achieving sustainable waste management and circular economy (CE). This study offers a novel evolutionary perspective for explaining dynamic changes of MSW management in China, as well as recommendations for emerging economies to achieve sustainable waste management and CE goals. [ABSTRACT FROM AUTHOR]

Market rules, changes in regulations for users and producers, technological innovation and economic development are important factors shaping energy transitions. Therefore, explaining energy transitions requires a multidisciplinary insight to investigate these factors. The study of energy transitions faces an analytical and methodological challenge, particularly in communicating trends shaping the energy systems in developing economies. The existing literature is not consistent in identifying these disciplines nor proposing how they can be combined. In this sense, this paper proposes a new and simple methodological path to assess variables and theories. It conceptualizes energy transitions as a co-evolution of two types of systems: system innovation with its roots in evolutionary, institutional economics, science and technology studies (STS); and energy systems with its roots in neoclassical and evolutionary economics. From how to conduct a systematic literature review, to how best integrate theories and the analytical framework in which key questions can be answered, the paper elevates the role of political science, as policies play a prominent role in shaping energy transitions. This paper responds to those who have pointed out that the political economy of energy transitions is a vastly understudied area. [ABSTRACT FROM AUTHOR]

Behavioural economics works toward more realistic accounts of economic action, which includes efforts to endogenise the 'social'. In its social strand, behavioural economics is specifically concerned with fair outcomes in interactive economic games, which are explained by reference to social preferences, norms and institutions. While these concepts also matter to scholars in political economy and socioeconomics, behavioural economists seek to go further in specifying their behavioural and evolutionary foundations. This article critically evaluates evolutionary research strategies in the social strand of behavioural economics, which aim to uncover the evolutionary origins of fairness in economic experiments. Representatives of this field offer new support for the classical idea of 'doux commerce', or the civilising function of markets, by suggesting that cooperation with strangers in economic exchange fundamentally shaped the course of human evolution. Their explanatory framework is gene-culture coevolution, which covers long timespans of human existence. However, the case for the virtuous effect of markets in human prehistory remains ambiguous: basic concepts, causal mechanisms, and timescales of analysis vary to an extent that it is possible to arrive at very different projections of 'doux commerce' into the past. With regard to the present, these fulfil a similar function in naturalising market moralities. [ABSTRACT FROM AUTHOR]

Resource allocation theory posits that organisms distribute limited resources across functions to maximize their overall fitness. In plants, the allocation of resources among maintenance, reproduction, and growth influences short‐term economics and long‐term evolutionary processes, especially during resource scarcity. The evolution of specialized structures to divide labor between reproduction and growth can create a feedback loop where selection can act on individual organs, further increasing specializaton and resource allocation. Ferns exhibit diverse reproductive strategies, including dimorphism, where leaves can either be sterile (only for photosynthesis) or fertile (for spore dispersal). This dimorphism is similar to processes in seed plants (e.g., the production of fertile flowers and sterile leaves), and presents an opportunity to investigate divergent resource allocation between reproductive and vegetative functions in specialized organs. Here, we conducted anatomical and hydraulic analyses on Onoclea sensibilis L., a widespread dimorphic fern species, to reveal significant structural and hydraulic divergences between fertile and sterile leaves. Fertile fronds invest less in hydraulic architecture, with nearly 1.5 times fewer water‐conducting cells and a nearly 0.5 times less drought‐resistant xylem compared to sterile fronds. This comes at the increased relative investment in structural support, which may help facilitate spore dispersal. These findings suggest that specialization in ferns—in the form of reproductive dimorphism—can enable independent selection pressures on each leaf type, potentially optimizing spore dispersal in fertile fronds and photosynthetic efficiency in sterile fronds. Overall, our study sheds light on the evolutionary implications of functional specialization and highlights the importance of reproductive strategies in shaping plant fitness and evolution. [ABSTRACT FROM AUTHOR]

AbstractProfessional identity formation (PIF) is a multi-dimensional and dynamic process central to health professions education. It involves integrating personal values with societal expectations and professional responsibilities. This article introduces a novel multi-layered conceptual framework—drawing on evolutionary economics, systems theory, and information architecture—to address a gap in current competency-based education models. Unlike prior frameworks, this approach provides a dynamic, interdisciplinary, and adaptable pathway for fostering reflective and ethically grounded healthcare professionals. By incorporating these elements, the framework uniquely supports educators in developing healthcare professionals who can navigate the evolving complexities of modern healthcare systems. [ABSTRACT FROM AUTHOR]

Socio-technical systems respond to external pressures by going through transitions. When the socio-technical system involves various coalitions or groups, i.e. the non-economic entities, theories with a broad focus can better explain the transitions. In this paper, the author selected evolutionary economics, neo-institutionalism, and economic sociology to explain the coalition dynamics. The selected socio-technical system, Indian agriculture, relies on public innovation and interacts closely with society. We need to observe these dynamics in the situations where they occur; therefore, a case study method is appropriate. As part of case selection, selected two Indian states to provide the required analytic and heuristic perspectives. The findings indicated that the government's interventionist approach had no mediating policy systems. With its coalitions and embeddedness influenced the innovation selection logic, system's transition, and pathways. It provided short-term benefits in social conscience schemes despite innovations cumulating as stable designs. Besides, the system remains in a constant state of a struggle in coming to terms with external pressures. [ABSTRACT FROM AUTHOR]

In this paper we study Nash equilibria in auctions from the kinetic theory of active particles point of view. We propose a simple learning rule for agents to update their bidding strategies based on their previous successes and failures, in first-price auctions with two bidders. Then, we formally derive the corresponding kinetic equations which describe the evolution over time of the distribution of agents on the bidding strategies. We show that the stationary solution of the equation corresponds to the symmetric Nash equilibrium of the auction, and we prove the convergence to this stationary solution when time goes to infinity. We also introduce a more general learning rule that only depends on the income of agents, and we apply to both first- and second-price auctions. We show that agents learn the Nash equilibrium in first- and second-price auctions with these rules. We present agent-based simulations of the models, and we discuss several open problems. [ABSTRACT FROM AUTHOR]

Research suggests that multibusiness firms often misallocate financial resources. However, research also suggests that firms differ in how effectively they allocate a range of resources. We argue that some firms have a resource allocation capability that enables them to more effectively determine the allocation of resources than often portrayed in the literature. We identify key search and selection routines that form the building blocks of a resource allocation capability and explain how these routines facilitate critical activities at different levels of the management hierarchy that are involved in the determination of resource allocations, including for related and vertically linked businesses. We further explain how a resource allocation capability, and the routines that make up the capability, help firms allocate resources effectively to meet their strategic and financial objectives. Part of the improved effectiveness of resource allocation arises because the routines help to mitigate the factors that prior research has identified as leading to resource misallocation, namely information asymmetry and distortion, internal politics, and cognitive biases and backward-looking aspirations. Finally, we move beyond research on whether firms effectively allocate resources to explain why resource allocation capabilities are likely be heterogeneous among firms due to differences in their routines and the ways that firms structure their use of routines. This heterogeneity stems in part from tradeoffs that firms face when choosing among resource allocation routines. As a result, firms are likely to vary in how effectively they allocate resources, leading to heterogeneity in firm adaptation and change and ultimately in firm performance. [ABSTRACT FROM AUTHOR]

This work takes inspiration from four theoretical strands: recent developments in ecological macroeconomics; the Schumpeterian framework of evolutionary economics that emphasises the entrepreneurial role of the State; the stock-flow consistent approach to macroeconomic modelling; and the supermultiplier model. Building upon these approaches, we develop a formal model that reproduces key interactions between the economy, the financial sector, the ecosystem and the society. We test and assess the effects of several fiscal policies. We find that, in principle, mission-oriented innovation policies are the most effective option in supporting innovation and growth, while reducing income inequality. However, lacking a 'green' and progressive taxation system, they are unlikely to reverse the current trend in atmospheric temperature. [ABSTRACT FROM AUTHOR]

COVID-19 has brought to the forefront of academic debates the consequences of pandemics and their appropriate policy responses. Using the PRISMA methodology, we provide a comprehensive review of the economic and historical analysis of the long-term economic consequences of pandemics. Mainstream economists focus on the impact of pandemics on production factors, finding a rich but contrasting set of mechanisms with overall negative or insignificant effects. Historians focus on the institutional impact, finding positive effects of pandemics when they trigger new socioeconomic arrangements. Evolutionary economists can integrate into the economic debate both historical elements and the complex biological characteristics of pandemics. We argue that the evolutionary approach provides new and fertile theoretical foundations to understand the phenomenon and develop effective policies. [ABSTRACT FROM AUTHOR]

Several authors have recently argued that the excessive focus on equilibrium models in mainstream economic analysis prevents economists from providing accurate representations of the complex and dynamic nature of real economic systems. In response, this paper argues the following. Many economic systems are the products of deliberate and centralized human design. People can and do build and support structures, such as social institutions, aiming to enhance the predictability of economic systems, and thus to move them toward being equilibrium systems. This provides a reason to think that many economic systems can be represented by equilibrium models. [ABSTRACT FROM AUTHOR]

Although sustainable tourism research is a rich and diverse field, it still suffers from a few important shortcomings. Negligible attention has been given to various possible pathways to sustainable tourism (as opposed to sustainable tourism as a 'goalpost') and there is an insufficient understanding of how the interconnections and interdependencies within tourism as a complex system shape the pursuit of sustainability. What is therefore needed is a sharper focus on the actual processes that must unfold for a transition to sustainable tourism to take place, and a better conceptualisation of the tourism industry as a multi-actor and multi-dimensional socio-technical system. We argue here that the sustainability transitions agenda, which has developed over the last two decades at the interface of innovation studies, evolutionary economics, studies of technology and science, and various other fields, offers a promising way forward for the desired pathway towards sustainable tourism to be comprehensively understood and more effectively followed. In order to set the scene for the individual contributions to this collection, we elaborate on this argument by highlighting the key strengths of the sustainability transitions agenda and identifying their potential to help tourism scholars move the work on sustainable tourism in new, unprecedented, and imperative directions. Our overarching aim is to lay the foundations for bridging the gap between (sustainable) tourism research and the sustainability transitions literature to move this combined agenda forward. [ABSTRACT FROM AUTHOR]

Neoclassical economics has established itself as the discipline of rational choice. Consequently, under methodological individualism and in the context of consumption, an agent's choice is based on the ordering of preferences determined exogenously, disregarding any emotional, biological influences, or factors from socio-economic dynamics. Therefore, this paper aims to present an alternative framework for the decision-making of economic individuals at a theoretical and formal-mathematical level, grounded in the principles of evolutionary economics and complex adaptive systems. It is argued that the process of making choices in consumption is inherent to social dynamics. From an individual-holistic perspective, the mechanism motivating action can be characterized as an evolutionary algorithm that integrates biological, historical, cultural, social class, and market competition influences as endogenous elements in determining choice and consumption behavior. [ABSTRACT FROM AUTHOR]

Economic development requires endogenous novelties, according to evolutionary economics. To find the endogenous source of novelties, we focus on the creativity of ordinary people when they forge their life path. We argue that such 'life creativity' is endogenous to the economic system because it is a typical capability of human beings, because it is intrinsically motivated, thus directly yielding well-being, and because it can be developed with better economic conditions. The paper first introduces the insights of three pioneers of evolutionary economics; it proceeds by showing the key role of creativity in human evolution; then it proposes 'creative activity' as an input-output technology that is both useful for and conditioned by economic development. It concludes by contrasting the Industrial Revolution in Britain with the ICT revolution in the US for their different effects of successful innovations on life creativity and well-being. [ABSTRACT FROM AUTHOR]

The paper stresses the failure of 'economics' to predict and prevent repeated economic crises and the most critical topic of the environmental failure and ecological crises, founded also on economic theories and misconceived choices. The implication is a search for alternatives through an ontological-evolutionary-institutional approach and empirical investigations. The search for political 'normative economics', entity economics, accounting and information science copes with social and ecological-environmental problems, and systems science; it is necessary to keep always in mind these interactions for fully understand and correctly interpret the present 'social-economic reality'. The problem concerning environmental decisions goes beyond ontology and belongs to ethics. It must underline the debates on 'evolutionary ethics', not only related with 'environmental and ecological economics', the management of environment and reporting, but also with 'evolutionary ontology'; the new perspective affirms that 'existence', for instance, of a moral behavioral attitude, can reveal itself as a 'norm' thus relating ethics to ontology. General economists, entity economics theorists, as well as accountants and information scientists should be familiar with the potentials and limits of 'ontology', also for the ongoing expansion of computerization of scientific research in most of the scientific domains. The renewed interest, particularly in ontology, arouse specifically from systems scientists in constructing a wide variety of artificial intelligent systems. For its analysis, the study has been structured into two periods of time: until the middle of the 20th century and from that moment on. The paper ends by showing the new developments in information systems and their ontological approach. [ABSTRACT FROM AUTHOR]

Google Scholar OpenURL Placeholder Text WorldCat 57 Schröder, H. (2010) Application possibilities of the micro-meso-macro framework in economic geography, Papers in Evolutionary Economic Geography, # 11.15, Utrecht University, Urban & Regional Research Centre Utrecht, http://econ.geo.uu.nl/peeg/peeg.html. Keywords: evolutionary economic geography; evolutionary economics; unified agenda; consilience; micro-meso-macro; axial economic geography EN evolutionary economic geography evolutionary economics unified agenda consilience micro-meso-macro axial economic geography 599 606 8 11/07/23 20231101 NES 231101 Looking for a unified agenda What is the agenda and scope of evolutionary economic geography (EEG)? Google Scholar Crossref Search ADS WorldCat 19 Elsner, W. (2016) Why economics textbooks must, and how they can, be changed into a real-world and pluralist economics. [Extracted from the article]

Although evolutionary economic geography has been popular in economic geography, it has also been criticized for, among others, a weak geographical conceptualization, which has become evident, particularly in empirical research on related and unrelated variety. Therefore, this paper advances a spatial ontology, which is embedded in critical realism and social constructivism, and will empower evolutionary economic geography to understand and explain the impact of both economic crises and grand societal challenges on regional economic change, in a more place and scale-sensitive manner. Moreover, and relatedly, it will enable a better understanding of the main drivers of regional economic change. [ABSTRACT FROM AUTHOR]

The path development approach has advanced our understanding of the conditions and consequences of spatial evolution. However, in line with evolutionary economic geography at large, the path development literature has focussed primarily on economic growth and much less on the inclusion of disadvantaged groups. Drawing on evolutionary economic geography and inclusive innovation approaches, the article proposes a conceptual framework that combines industrial path development with inclusive path development driven by employment, entrepreneurship and education, and shaped by institutions, network access, agency and policies. The article empirically illustrates the framework by examining the inclusion of Arab and Haredi (Jewish ultra-orthodox) communities into Israel's high-tech sector. [ABSTRACT FROM AUTHOR]

How could we conceptualize path development taking place in regions dominated by extracting industries and subsistence economies? The article expands existing Evolutionary Economic Geography theory by focussing on extractive economies in a peripheral region that has, thus far, barely been covered. It challenges existing conceptualizations by highlighting a tin producing island in Indonesia. The article introduces the concept of path marginalization and its reinforcing mechanisms that explain the dynamics between large and artisanal mining activities. It examines how the mining path is reproduced by the interaction between multiple forms of labour organization that are normally unaccounted for. [ABSTRACT FROM AUTHOR]

This article investigates how the evolution of local labour market structure enables or constrains workers as regards escaping low-wage jobs. Drawing on the network-based approach of evolutionary economic geography, we employ a detailed individual-level panel dataset to construct skill-relatedness networks for 72 functional labour market regions in Sweden. Subsequent fixed-effect panel regressions indicate that increasing density of skill-related high-income jobs within a region is conducive to low-wage workers moving to better-paid jobs, hence facilitating labour market upgrading through diversification. While metropolitan regions offer a premium for this relationship, it also holds for smaller regions, and across various worker characteristics. [ABSTRACT FROM AUTHOR]

This contribution argues that evolutionary economic geography needs to widen its conceptual apparatus in order to engage with the grand challenges of our times. Instead of understanding evolution as a gradual, path-dependent and geographically localized process, the current challenges result from various global political-economic transformations requiring an understanding of evolution as a outcome of variational and transformational change, the incorporation of macro-scale analysis, the augmentation of territorial with relational conceptualizations of space and a focus on historical analysis of political-economic development rather than ahistorical descriptions of regional outcomes of a generalized evolutionary process. We illustrate the potential impact of globalization on the competitive advantage of US metropolitan areas through an analysis of relations of unequal exchange between the USA and the Global South. The estimated value drain constitutes a potential source of revenue for producers in the North that complements the competitive advantages of cities based on superior localized technological performance. [ABSTRACT FROM AUTHOR]

Different strands of literature have provided important insights into the economic effects of high-skilled migration. Evolutionary economic approaches have provided robust evidence and theories to explain how innovation unfolds in regions. However, with few exceptions they have been silent with regard to the role of migration in this process. This paper, while building on the insights of the above streams of literature, will elaborate a conceptual framework which applies evolutionary economic geography concepts to explore the link between migration, knowledge diffusion and regional diversification. By bringing together all the above arguments, this paper brings evolutionary economic geography (EEG) into an unchartered terrain, one where regional innovation meets migration studies. By engaging in these debates, EEG can prove its interpretative power and provide further insights into the drivers of regional economic dynamics and innovation. [ABSTRACT FROM AUTHOR]

The way income is distributed in an economy is perhaps the most notable result of its growth patterns. Understanding the joint persistence of economic crises and changes in social inequality since 1929 is considered a great challenge. This paper tries to analyze growth and income distribution in the long run using the concept of long waves, the evolutionary concept of 'systems', and empirical information. We conjecture that the social system is in turn an outcome of the co-evolution of four partially autonomous subdomains: (i) technology, characterized by a paradigm whose evolution follows the shape of a 'Schumpeterian boom'; (ii) the economy or productive system, essentially defined as the succession of intermediate-length fluctuations in investments, and strongly associated to sectoral and structural changes; (iii) science, which contributes to development by generating innovations; and (iv) institutions, which set the rules in which income distribution is framed. Following this scheme, the data reveal that income distribution is an emerging result from this 'global social system' and not only the result of economic productivity and technology; apparently, the weight in the income distribution of institutional factors is as relevant as economic and technological factors. Second, the long-run growth trends are most possibly non-linear and, to great extent, non-deterministic, which would support the representation of long-run phenomena as long waves. Finally, we have found that in the long period 1929–2010 and afterwards, two sub-periods are manifested, with very different regimes of income distribution: (1) 1929–1975, when inequality decreased, and (2) from 1975 to present time, when inequality increased. Concerning the years after 2010, two alternatives follow: either these correspond to the recovery phase of a new long wave, or to the end of the depression phase of our second period. In both cases, we are currently moving towards the expansionary phase of a new long wave, which will have important implications for contemporary economic policies. [ABSTRACT FROM AUTHOR]

The study focuses on the algorithm of business behaviour under conditions of worsening of its economic security. The algorithm allows businesses to objectively assess the situation regarding financial threats and develop appropriate strategic measures to eliminate them. A system-situational model is proposed with financial actors to evaluate the tendencies of business players' elimination in the international financial markets. The purpose of the research is theoretical and applied approaches to developing strategies for strengthening the economic security of business in the context of the global challenges of the global financial system. To overcome the state of the economic security system imbalance, the dominant external and internal drivers are determined. It was proven that eliminating the negative impact of factors of global financial challenges can balance the system of economic security of business. In order to universalize the measurement of trends in the elimination of business players in international financial markets, a system-situational model was studied, which is based on the consolidation of systemic and situational perceptions of financial actors regarding the interpretation of financial information and adapted to the conditions of investor behaviour on the international financial market. In the course of the study, it was proven that eliminating the negative impact of factors of global financial challenges can balance the system of economic security of business, bring it to the newest stage of evolutionary response and ensure further sustainable financial and socio-economic development of business. The set of used scientific methods for strategizing balancing opportunities in the system of economic security and proposed empirical tools for eliminating negative factors of external and internal influences allow the creation of new scenario approaches to ensuring the strengthening of economic security of business. [ABSTRACT FROM AUTHOR]

Modern evolutionary economics has come a long way from its beginnings in the writings of a few economists in the 1970s and 1980s. To a considerable extent, its evolution has been the result of the findings of empirical research, much but not all of it motivated by an explicit or implicit evolutionary perspective, which has fed back to modify and enrich the way evolutionary economists view the way modern economies work. This article focuses on developments that have broadened and sharpened the evolutionary perspective on the capabilities and behavior of firms, the processes and institutions involved in technological progress, and competition and dynamics in industries where technological opportunities are expanding. In the course of these developments, the conception of what it means to propose that a dynamic process is evolutionary has evolved. The article considers, as well, where evolutionary economics might be going from where it is now. [ABSTRACT FROM AUTHOR]

Every Schumpeterian is an evolutionary economist in his or her own way. Chris Freeman, whose 1995 essay is published in this issue of ICC, favored a rare combination of the Cambridge tradition, a Marxian view of inequalities and Schumpeter's fascination with innovation as the driving force of capitalism. The article summarizes and discusses this combination and how Freeman generated a challenging agenda for contemporary economics, namely in the context of long wave analysis, the theme for his last book. [ABSTRACT FROM AUTHOR]

Wesley C. Mitchell, despite his seminal contributions to the understanding of macroeconomic fluctuations, with a few exceptions, has not received the deserved attention from scholars. This article argues that his business cycles research must be updated and developed into a macro-theory emphasizing the endogenous co-evolution of the institutional influence on behavior and the typical features of a monetary economy. This development suggests that Mitchell's approach ought to be, after updated and crossfertilized with other theories, reclaimed. In order to bring his formulations up to date, complement it, and put it back to the forefront of an institutionalist macroeconomics, it seems necessary to: (i) address some important changes underwent by capitalism since Mitchell's time; (ii) intensify dialogue with heterodox currents, mainly post-Keynesians; (iii) emphasize the evolutionary aspect of Mitchell's thought, making explicit the role of institutions in this approach. [ABSTRACT FROM AUTHOR]

Analyzing the material means of life and the adaption of the human agent in an unfolding sequence of cumulative causation is the central ingredient of an evolutionary approach to economics identified by Thorstein Veblen. This article argues evolutionary behavioral economics, as a complement to mainstream behavioral economics, will provide not only a deeper conceptual integration of psychological insights of human cognition and behavior into economic analysis, but also greater generality by incorporating the antecedence and consequence of human agents. Three Veblenian preconceptions are examined in relation to relevant evidence from cognitive and behavioral sciences and evolutionary psychology. One, individual activity is ongoing according to habit in deliberate reasoning, intuitive thought, and unconscious propensities, and is altered by doubt in the efficacy of habits. Two, the conflicting propensities of self- and other-regarding behavior underlie competitive and cooperative behavior, respectively. Three, the human consists of several innate learning mechanisms by which instituted modes of thought and behavior are transmitted across generations and such modes evolve in result of individual doubt-driven alteration in activity. [ABSTRACT FROM AUTHOR]

This paper presents a long-run study of the relationship between autonomous and induced demand for the United States. Our exercise can be considered a contribution to the burgeoning literature revolving around autonomous demand-led growth models, which have displayed the potential to establish bridges not only within the post-Keynesian community, but also between post-Keynesian economics and other evolutionary and pluralistic approaches to economic growth. In particular, we study the long-run dynamic relationship between autonomous demand – which comprises R&D expenditures, government spending, exports and residential investment – and induced demand. Through a cointegration model with quantile-varying coefficients, we account for the possibility of changes in the relationship between the two variables and demonstrate that the long-run equilibrium relationship between autonomous and induced demand is robust to exogenous shocks and changes in the parameters. [ABSTRACT FROM AUTHOR]

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Introducción/objetivo: la sociedad requiere que los esfuerzos en CTI no sólo apunten al crecimiento económico, sino que promuevan la conservación del medio ambiente y la justicia social (la transformación hacia la sostenibilidad). En este sentido, se requiere la construcción de sistemas de innovación orientados a la sostenibilidad (SIS); es decir, que tengan la capacidad de direccionar la transformación de los sistemas sociotécnicos. Este artículo de perspectiva desarrolla una aproximación teórico-práctica para la implementación de sistemas de innovación que incluya las dimensiones de normatividad (direccionalidad) y exploración, que son necesarias para operar tales procesos de transformación. Metodología: el análisis de sistemas y el análisis de decisiones fueron usados como estructura para organizar conceptos y métodos de diferentes corrientes de pensamiento, los cuales fueron sintetizados en este trabajo con el propósito funcional de desarrollar una herramienta en capacidad de proveer a los sistemas de innovación de las dimensiones de normatividad y exploración. Resultados: cuando hablamos de desarrollo sostenible y usamos el concepto de sostenibilidad estamos necesariamente dando una direccionalidad a los sistemas de innovación. Operacionalizar esta función requiere conjugar un análisis normativo —orientado a construir una visión de un futuro sostenible para los actores participantes en el sistema de innovación—, y un análisis exploratorio enfocado en identificar las rutas de transformación con mayor potencial de alcanzar el futuro deseado. Este enfoque metodológico, construido a partir de varias aproximaciones empíricas, es aquí denominado análisis integrado de futuros. Conclusión: este trabajo describe una perspectiva sintética y pragmática para la implementación de SIS. Esta perspectiva es una guia para equipos consultores en su tarea de apoyar a actores y tomadores de decisión en el proceso de formalización/fortalecimiento de estos sistemas, y en la identificación e implementación de los cursos de acción más apropiados para su implementación. ABSTRACT Introduction: In contemporary society, there is a growing expectation for STI efforts to go beyond economic growth and actively contribute to environmental protection and social justice (transformation towards sustainability). To meet this demand, it is necessary to construct innovation systems that are specifically oriented towards sustainability, facilitating the transformation of sociotechnical systems. This perspective article presents a comprehensive framework that combines theoretical and practical perspectives for implementing innovation systems, incorporating the essential elements of normativity (directionality) and exploration required to drive such transformative processes. Methodology: We formulated a methodological approach that provides innovation systems with normative and exploratory dimensions by synthesizing concepts and methods from several schools of thought, using Systems Analysis and Decision Analysis as conceptual frameworks. Results: Within the context of sustainable development, the principles of sustainability serve as the guiding framework for innovation systems. To successfully implement this approach, it is crucial to integrate both normative analysis, which emphasizes the construction of a shared vision among stakeholders within the innovation system, and exploratory analysis, which aims to identify the most viable transformation pathways for realizing the desired future. Our proposed methodological perspective, referred to as Integrated Futures Analysis, is a step-by-step generalization built upon a synthesis of empirical approaches that combines normative and exploratory analysis. This approach aims to facilitate the understanding and implementation of sustainability-oriented innovation systems. Conclusion: In this article, a synthetic and pragmatic approach to implementing sustainability-oriented innovation systems (SIS) was introduced. The perspective outlined in this article can be effectively employed by consultant teams to aid stakeholders and decision-makers in formalizing and enhancing SIS. Additionally, it helps in identifying the most appropriate actions and methods for implementation of SIS.