Evolutionaryand Institutional EconomicsLecture2EvolutionaryTheorisingofEconomicChangePostgraduateLectureSeriesXiamenUniversityTheSchoolofEconomicsApril2007DrZhenYeTheUniversityofHertfordshireBusinessSchool
Dr Zhen Ye The University of Hertfordshire Business School Evolutionary and Institutional Economics Lecture 2 Evolutionary Theorising of Economic Change Xiamen University The School of Economics April 2007 Postgraduate Lecture Series
Case discussionEvolutionary and institutional通过调查研究、分析贯湖theories as"a general theory的历史地理及沿湖经济环境on"howtodevelop specific的变迁，讨论“诱致性变迁”and varied analyses of和“强制性变迁”（林毅夫）specificphenomena"1994）过程中政府所起的作(Hodgson,1998)用。以及政府、企业行为对资源配置的长期影响。结合Research,discussand相关演化及制序理论探讨贯develop acasestudyonthe当湖畔经济环境未来演变的evolution ofYuandanglake几种可能（赏湖）anditssurroundingeconomicenvironment
Case discussion • Evolutionary and institutional theories as “a general theory” on “how to develop specific and varied analyses of specific phenomena” (Hodgson, 1998) • Research, discuss and develop a case study on the evolution of Yuandang lake (筼筜湖) and its surrounding economic environment • 通过调查研究、分析筼筜湖 的历史地理及沿湖经济环境 的变迁，讨论‘诱致性变迁’ 和‘强制性变迁’ （林毅夫， 1994）过程中政府所起的作 用，以及政府、企业行为对 资源配置的长期影响。结合 相关演化及制序理论探讨筼 筜湖畔经济环境未来演变的 几种可能
Structure of presentation.Evolutionarytheorisingof economic changeBuildingblocksof evolutionarytheorisingRoutinesrevisitedTheapplicationofevolutionarytheoriesineconomicanalysis
Structure of presentation • Evolutionary theorising of economic change • Building blocks of evolutionary theorising • Routines revisited • The application of evolutionary theories in economic analysis
Evolutionary theorisingCompetencepuzzle(NelsonandWinter,2002)Darwinianthinking- The principle of variation-Theprincipleofinheritance-Selectionand survivalWhyrenewedinterestsonevolution?-Theoriginofspecies(1895)-OIE(Veblen,1899)CritiqueofSocialDarwinismHistorymatters
Evolutionary theorising • Competence puzzle (Nelson and Winter, 2002) • Darwinian thinking – The principle of variation – The principle of inheritance – Selection and survival • Why renewed interests on evolution? – The origin of species (1895) – OIE (Veblen, 1899) • Critique of ‘Social Darwinism’ • History matters
Four building blocks: Dosi and Nelson (1994)Anevolutionarytheorymustdefinesomestableunitsofanalysis-likegenesinbiologyTheunitof analysis are‘carried'bysomeindividualsororganisations-likeorganisminbiology-whicharetheobjectsofselectionAmechanismofmutation,whichincludessomerandomelements,generates newunitofanalysis,andrenews thevariety thatisdestroyed intheselectionprocessThe organisms that carry thegenes'interact and some areselected at theexpense of others-thefittest survive
Four building blocks: Dosi and Nelson (1994) • An evolutionary theory must define some stable units of analysis – like genes in biology • The unit of analysis are ‘carried’ by some individuals or organisations - like organism in biology – which are the objects of selection • A mechanism of mutation, which includes some random elements, generates new unit of analysis, and renews the variety that is destroyed in the selection process. • The organisms that carry the ‘genes’ interact and some are selected at the expense of others – the fittest survive