Developing Evolutionary Theory for Economics and Management

My thanks to the editors for providing this opportunity and to Dick Nelson for his comments and contributions – all along the way. I am also indebted to Mie Augier, who interviewed me on some of the history recounted here and thereby provided a helpful prod to my memory, well in advance of this particular undertaking. Financial support from the Reginald H. Jones Center of the Wharton School is gratefully acknowledged.

[1]  S. Winter,et al.  Evolutionary theorizing in economics , 2002 .

[2]  Daniel A. Levinthal,et al.  Looking Forward and Looking Backward: Cognitive and Experiential Search , 2000 .

[3]  Daniel A. Levinthal Adaptation on rugged landscapes , 1997 .

[4]  S. Winter,et al.  The Co-evolution of Capabilities and Transaction Costs: Explaining the Institutional Structure of Production , 2005 .

[5]  Giovanni Gavetti,et al.  Capabilities, cognition, and inertia: evidence from digital imaging , 2000 .

[6]  T. Kuhn The structure of scientific revolutions, 3rd ed. , 1996 .

[7]  Constance E. Helfat The SMS Blackwell handbook of organizational capabilities : emergence, development, and change , 2003 .

[8]  S. Winter,et al.  Replication as Strategy , 2001 .

[9]  Steven Klepper,et al.  The Evolution of New Industries and the Determinants of Market Structure , 1990 .

[10]  Richard R. Nelson,et al.  Neoclassical vs. Evolutionary Theories of Economic Growth: Critique and Prospectus , 1974 .

[11]  M. Polanyi Chapter 7 – The Tacit Dimension , 1997 .

[12]  Richard R. Nelson,et al.  Technical Change in an Evolutionary Model , 1976 .

[13]  M. Polanyi Personal Knowledge: Towards a post-critical philosophy , 1959 .

[14]  Daniel A. Levinthal,et al.  50th Anniversay Article: The Strategy Field from the Perspective of Management Science: Divergent Strands and Possible Integration , 2004, Manag. Sci..

[15]  Jan W. Rivkin Reproducing Knowledge: Replication Without Imitation at Moderate Complexity , 2001 .

[16]  Steven Klepper,et al.  Dominance by birthright: entry of prior radio producers and competitive ramifications in the U. S. , 2000 .

[17]  R. Nelson The Simple Economics of Basic Scientific Research , 1959, Journal of Political Economy.

[18]  Giovanni Dosi,et al.  The nature and dynamics of organizational capabilities , 2001 .

[19]  Jan W. Rivkin,et al.  Balancing Search and Stability: Interdependencies Among Elements of Organizational Design , 2003, Manag. Sci..

[20]  Richard R. Nelson,et al.  The Economics of Invention: A Survey of the Literature , 1959 .

[21]  Franco Malerba,et al.  The Semiconductor Business: The Economics of Rapid Growth and Decline , 1985 .

[22]  Massimo Riccaboni,et al.  Innovation and corporate growth in the evolution of the drug industry , 2001 .

[23]  S. Winter,et al.  Toward an Evolutionary Theory of Economic Capabilities , 1973 .

[24]  C. Kleinschmidt,et al.  Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions , 2005 .

[25]  Willard Van Orman Quine,et al.  From a Logical Point of View , 1955 .

[26]  S. Winter Comments on Arrow and on Lucas , 1986 .

[27]  Paul Geroski,et al.  The Growth of Firms in Theory and in Practice , 2000 .

[28]  David Stark,et al.  Tools of the trade: the socio-technology of arbitrage in a Wall Street trading room , 2004 .

[29]  Franco Malerba,et al.  Competition and industrial policies in a ‘history friendly’ model of the evolution of the computer industry , 2001 .

[30]  Walter W. Powell,et al.  Cultivating an institutional ecology of organizations: comment on Hannan, Carroll, Dundon, and Torres , 1995 .

[31]  G. Dosi Innovation, organization and economic dynamics : selected essays , 2000 .

[32]  Steven Klepper,et al.  Entry by Spinoffs , 2005, Manag. Sci..

[33]  Lawrence A. Boland,et al.  A Critique of Friedman's Critics , 1979 .

[34]  Maurizio Zollo,et al.  Deliberate Learning and the Evolution of Dynamic Capabilities , 2002 .

[35]  Franco Malerba,et al.  Interpreting industrial dynamics twenty years after Nelson and Winter's Evolutionary Theory of Economic Change: a preface , 2002 .

[36]  Austen Albu Organisation of Industry , 2021, Nature.

[37]  S. Winter Economic "Natural Selection" and the Theory of the Firm , 1964 .

[38]  Burton Klein,et al.  The Decision Making Problem in Development , 1962 .

[39]  M. Shubik,et al.  A Behavioral Theory of the Firm. , 1964 .

[40]  Michael X Cohen,et al.  Routines and Other Recurring Action Patterns of Organizations: Contemporary Research Issues , 1996 .

[41]  N. Rosenberg The Direction of Technological Change: Inducement Mechanisms and Focusing Devices , 1969, Economic Development and Cultural Change.

[42]  G. Hodgson The Darwinian Destiny of An Evolutionary Theory of Economic Change , 2003 .

[43]  R. L. Hall,et al.  PRICE THEORY AND BUSINESS BEHAVIOUR , 1939 .

[44]  R. Langlois Transaction-cost Economics in Real Time , 1992 .

[45]  Sidney G. Winter,et al.  Optimization and Evolution in the Theory of the Firm , 1975 .

[46]  Araújo,et al.  An Evolutionary theory of economic change , 1983 .

[47]  D. Teece,et al.  DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT , 1997 .

[48]  D. McFadden A simple remark on the second best pareto optimality of market equilibria , 1969 .

[49]  I. Lakatos Falsification and the Methodology of Scientific Research Programmes , 1976 .

[50]  Steven W. Usseiman IBM and its Imitators: Organizational Capabilities and the Emergence of the International Computer Industry , 1993 .

[51]  Competition and Selection , 1991 .

[52]  Sidney G. Winter,et al.  Satisficing, Selection, and the Innovating Remnant , 1971 .

[53]  T. Koopmans Three Essays on the State of Economic Science , 1958 .

[54]  Kim B. Clark,et al.  Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of , 1990 .

[55]  Sidney G. Winter,et al.  Schumpeterian Competition in Alternative Technological Regimes , 1983 .

[56]  John M. Mezias,et al.  Studying the Accuracy of Managers' Perceptions: A Research Odyssey , 2003 .

[57]  S. Klepper Entry, Exit, Growth, and Innovation over the Product Life Cycle , 1996 .

[58]  高橋 進 サイアート, マーチの「A Behavioral Theory of the Firm」 , 1995 .

[59]  Mary Tripsas UNRAVELING THE PROCESS OF CREATIVE DESTRUCTION: COMPLEMENTARY ASSETS AND INCUMBENT SURVIVAL IN THE TYPESETTER INDUSTRY: UNRAVELING THE PROCESS OF CREATIVE DESTRUCTION , 1997 .

[60]  D. Jorgenson The Rate and Direction of Inventive Activity. , 1963 .

[61]  Gary James Jason,et al.  The Logic of Scientific Discovery , 1988 .

[62]  Richard R. Nelson,et al.  Forces Generating and Limiting Concentration under Schumpeterian Competition , 1978 .

[63]  Organizations , 1992, Restoration & Management Notes.

[64]  Jim Schroeder,et al.  Editorial , 2004, Digit. Signal Process..

[65]  B. Kogut,et al.  Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology , 1992 .

[66]  Glenn R. Carroll,et al.  Theory building and cheap talk about legitimation: reply to Baum and Powell , 1995 .

[67]  W. Quine From a Logical Point of View: 9 Logico-Philosophical Essays , 1963 .

[68]  Raimar Richers The theory of economic development , 1961 .

[69]  Winter's Fundamental Selection Theorem: A Disproof , 1990 .

[70]  B. Kogut,et al.  Exploring internal stickiness : Impediments to the transfer of best practice within the firm , 2007 .

[71]  T. Bewley Why Wages Don't Fall during a Recession , 1999 .

[72]  Geoffrey M. Hodgson,et al.  Optimisation and Evolution: Winter's Critique of Friedman Revisited , 1994 .

[73]  Richard R. Nelson,et al.  The Link Between Science and Invention: The Case of the Transistor , 1962 .

[74]  Constance E. Helfat,et al.  Evolutionary trajectories in petroleum firm R&D , 1994 .

[75]  Robert Gibbons,et al.  Team theory, garbage cans and real organizations: some history and prospects of economic research on decision‐making in organizations , 2003 .

[76]  Sidney G. Winter,et al.  The satisficing principle in capability learning , 2000 .

[77]  S. Klepper Industry Life Cycles , 1997 .

[78]  M. Tushman,et al.  Technological Discontinuities and Organizational Environments , 1986 .

[79]  Daniel A. Levinthal The Slow Pace of Rapid Technological Change: Gradualism and Punctuation in Technological Change , 1998 .

[80]  H. Simon,et al.  A Behavioral Model of Rational Choice , 1955 .

[81]  F. M. Scherer,et al.  Technology, Economic Growth and Public Policy. , 1967 .

[82]  J. Schumpeter,et al.  Capitalism, Socialism and Democracy , 1943 .

[83]  T. Kuhn,et al.  The Structure of Scientific Revolutions. , 1964 .

[84]  M. Blaug The methodology of economics, or, How economists explain , 1980 .

[85]  Jan W. Rivkin Imitation of Complex Strategies , 2000 .

[86]  A. Alchian Uncertainty, Evolution, and Economic Theory , 1950, Journal of Political Economy.

[87]  D CohenMichael,et al.  Organizational Routines Are Stored as Procedural Memory , 1994 .

[88]  Constance E. Helfat,et al.  Firm-Specificity in Corporate Applied R&D , 1994 .

[89]  G. Dosi,et al.  Technological Paradigms and Trajectories , 2007 .

[90]  Steven Klepper,et al.  The Making of an Oligopoly: Firm Survival and Technological Change in the Evolution of the U.S. Tire Industry , 2000, Journal of Political Economy.