TY - JOUR
T1 - "Unsuccessfully Evolved Competitive Process: A Comment on Evolutionary Economics and Creative Destruction"
AU - Yu, Bin
PY - 2010
Y1 - 2010
N2 - "Evolutionary economics has been a gradually forming trend in economics since the 1970s and 1980s. Although it gives an opinion on the equilibrium paradigm of neo-classical economics and the excessive mathematical formalism, it is confined to oppose the whole system of mainstream economics from a certain aspect, or to oppose the aspects that the mainstream economists extract. Thereby, in terms of scientific accuracy, evolutionary economics does not step further than mainstream economics. Metcalfe’s failure to evolve the competitive process in his book Evolutionary Economics and Creative Destruction provides a real example."
AB - "Evolutionary economics has been a gradually forming trend in economics since the 1970s and 1980s. Although it gives an opinion on the equilibrium paradigm of neo-classical economics and the excessive mathematical formalism, it is confined to oppose the whole system of mainstream economics from a certain aspect, or to oppose the aspects that the mainstream economists extract. Thereby, in terms of scientific accuracy, evolutionary economics does not step further than mainstream economics. Metcalfe’s failure to evolve the competitive process in his book Evolutionary Economics and Creative Destruction provides a real example."
KW - evolutionary economics
KW - competitive process
KW - mainstream economics
M3 - Article
SN - 2042-891X
VL - 1
SP - 157
EP - 169
JO - World Review of Political Economy
JF - World Review of Political Economy
IS - 1
ER -