On the recent research programs regarding Evolutionary Economics
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概要
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The purpose of this paper is to provide a brief survey of the recent development of Evolutionary Economics. This paper addresses four representative approaches of Evolutionary Economics—Neo-Austrians, Neo-Schumpeterians, Modern Institutionalism, and Structural Dynamics—and investigates their recent theoretical progress and policy implications.The essential points are as follows: Neo-Austrians have gradually tended to shift their central concern from the market process theory to the cognitive or knowledge structure of the subject. It seems that their aim is to deepen the bounded rationality or the conception of subjectivity through the assistance of adjacent disciplines. It is not evident whether this tendency actually produces a new foundation for the alternative market theory. However, judging from the common interests with a faction of the Neo-Schumpeterians which introduces Genetic Programming, it is likely that this will become one of the more popular research programs of Evolutionary Economics.Neo-Schumpeterians seem to have diverged in recent years. Therefore, this paper focuses on the development of replicator dynamics. However, it is also argued that replicator dynamics points out some faults of a newly fashioned laissez-faire principle which seems to be based on Evolutionary Economics. Replicator dynamics turns our attention to the contradictory relationship between innovation and market mechanism through a new perspective on the role of 'variety.'Modern Institutionalism has two types of cumulative causation; the one is theoretical and policy intended, and the other is methodological and philosophical. This paper indicates the recent shift from the former to the latter in Modern Institutionalisms' concerns.Lastly, it is argued that Structural Dynamics seems to have revived some policy implications of Pasinetti's original model. The policy implication of that model was to apply the growth of productivity to the reduction of input materials including working time, not to increase of amount of goods as usual. This paper investigates some attempts to revive such a forgotten theme, and explores their implications for Evolutionary Economic Policy.
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