UNSUCCESSFULLY EVOLVED COMPETITIVE PROCESS: A COMMENT ON &quot;EVOLUTIONARY ECONOMICS AND CREATIVE DESTRUCTION&quot;

Yu, Bin

doi:10.2307/41931872

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World Review of Political Economy

Volume 1, Issue 1

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UNSUCCESSFULLY EVOLVED COMPETITIVE PROCESS: A COMMENT ON "EVOLUTIONARY ECONOMICS AND CREATIVE DESTRUCTION"

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Author(s): Bin Yu

Publication date (Print): 1 April 2010

Journal: World Review of Political Economy

Publisher: Pluto Journals

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Abstract

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.

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Journal

Journal ID (jstor): worlrevipoliecon

Journal ID (doi): 10.2307/j50005553

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN (Print): 2042891X

Publication date (Print): 1 April 2010

Volume: 1

Issue: 1

Pages: 157-169

Article

DOI: 10.2307/41931872

SO-VID: 76e3e199-17bd-4ff8-ac6d-b9a412d1aec2

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All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

History

Notes

J. Stanley Metcalfe wrote, J. Feng interpreted, Evolutionary Economics and Creative Destruction (Beijing: China Renmin University Press, 2007), preface.
Karl Marx and Frederick Engels, vol. 3 (Beijing: Peoples Publishing House, 1960), p. 21.
Metcalfe, Evolutionary Economics and Creative Destruction.
Ibid., p. 7.
Ibid., pp. 51-64.
Karl Marx, Das Kapital (Beijing: Peoples Publishing House, 2004), p. 736.
Metcalfe, Evolutionary Economics and Creative Destruction, p. 29.
Ibid., p. 64.
Karl Marx and Frederick Engels, vol. 2 (Beijing: Peoples Publishing House, 1960), p. 22.

Comments

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[1] J. Stanley Metcalfe wrote, J. Feng interpreted, Evolutionary Economics and Creative Destruction (Beijing: China Renmin University Press, 2007), preface.

[2] Karl Marx and Frederick Engels, vol. 3 (Beijing: Peoples Publishing House, 1960), p. 21.

[3] Metcalfe, Evolutionary Economics and Creative Destruction.

[4] Ibid., p. 7.

[5] Ibid., pp. 51-64.

[6] Karl Marx, Das Kapital (Beijing: Peoples Publishing House, 2004), p. 736.

[7] Metcalfe, Evolutionary Economics and Creative Destruction, p. 29.

[8] Ibid., p. 64.

[9] Karl Marx and Frederick Engels, vol. 2 (Beijing: Peoples Publishing House, 1960), p. 22.