2001
DOI: 10.4337/9781843762911
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Frontiers of Evolutionary Economics

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Cited by 106 publications
(11 citation statements)
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“…Or in different terms, evolution cannot be reduced to a two-stage process of selection and inheritance unless all the variation we need is present at the beginning when the world is created. A third stage of processes is needed to replenish variety lost (Foster and Metcalfe 2001). For this reason, social as well as biological systems of potentially unlimited evolution are likely to involve replication processes (Maynard Smith and Szathmáry 1999).…”
Section: Defining Selectionmentioning
confidence: 99%
“…Or in different terms, evolution cannot be reduced to a two-stage process of selection and inheritance unless all the variation we need is present at the beginning when the world is created. A third stage of processes is needed to replenish variety lost (Foster and Metcalfe 2001). For this reason, social as well as biological systems of potentially unlimited evolution are likely to involve replication processes (Maynard Smith and Szathmáry 1999).…”
Section: Defining Selectionmentioning
confidence: 99%
“…Industrial dynamics is driven through innovation in large companies and through entrepreneurship through new companies (Schumpeter 1934, 1942). Recent literature has both examined to what extent that Schumpeter was evolutionary and dynamic in his theorizing, as well as strived to define principles for evolutionary economics (Andersen 2011; Witt 2010; McKelvey and Holmén 2006; Foster and Metcalfe 2001). Metcalfe (2002 and 2008) argues that the restless nature of capitalism has to do with knowledge as the pre-eminent source of variation, but that there is a difference between knowledge and information which helps explain why heterogeneity of firms also matters.…”
Section: From Where Do Different Types Of Opportunities Emerge?mentioning
confidence: 99%
“…In these codes, the major economic sectors were agriculture, manufacturing, and services. At that time, services was a residual category for other activities that did not fit into agriculture or manufacturing [4]. Today, stretched beyond the point of being meaningful, that residual is the bulk of economic activity, and by far the fastest growing part of economic activity in the U.S.…”
Section: It Servicesmentioning
confidence: 99%
“…Importantly, the U.S. government has accepted this definition as the basis for defining service products in the new North American Product Classification System (NAPCS) [6]. Other definitions of services can be found that emphasize an exchange between two or more parties and a transformation (potentially intangible) received by a customer [4][7] [8].…”
Section: It Servicesmentioning
confidence: 99%