The challenge of evolutionary economics
It is difficult to produce a clear explanation of the term 'evolutionary economics,' as it is used in a number of different ways. Many economists assume that its meaning is generally understood, but this is far from being the case. It is therefore useful to consider the main issues involved in the concept of evolutionary economics. The concept inevitably involved novelty, which in turn cannot be confined within the boundaries of formalism. It is clear that evolutionary economics is now at a vital stage in its development.
Publication Name: Journal of Institutional & Theoretical Economics
Forests and economic welfare
Forests have influenced many nations economically, though their contribution is usually measured in terms of the industrial ventures which they support. Non-timber forest products taken as a whole have a significant effect on the household income of a rural family in developing countries. Data indicate that non-timber forest products equal 50 percent of income obtained from agriculture, on the average.
Publication Name: Journal of Economic Studies
- Abstracts: The case for randomized field trials in economic and policy research. Fighting poverty: lessons from recent U.S. history
- Abstracts: Macroeconomic forecasts correlaand the nature of economic shocks in Germany. Structural breaks, ARIMA model and Finnish inflation forecasts
- Abstracts: The value of corporate voting rights and control: a cross-country analysis. Market reaction to public information: The atypical case of the Boston Celtics
- Abstracts: On the choice of incentives in firms. Some general equilibrium aspects of a labor-managed economy with monopoly elements
- Abstracts: The nature of precautionary wealth. The augmented Solow model and the productivity slowdown