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This volume explores the two sides of innovation: creation and destruction. It also examines the role of innovation in the evolution of capitalist economies.

This volume is devoted to innovation with a special focus on its two sides, namely creation and destruction, and on its role in the evolution of capitalist economies. The first part of the booklooks at innovation and its effects on economic performance, addressing issues of motives, behavioral rules under uncertainty, actor properties, and technology characteristics.The second partconcentrates on potential consequences of innovative activities, in particular structural change, the innovation-mediated effect of skill-oriented policies on regional performance, the destructive effects of...

This new and original collection of papers focuses on the intersection of three strands of research: evolutionary economics, behavioral economics, and management studies. Combining theoretical and empirical contributions, the expert contributors demonstrate that the intersection of these fields provides a rich source of opportunities enabling researchers to find more satisfactory answers to questions that (not only evolutionary) economists have long been tackling. Topics discussed include individual agents and their interactions; the behavior and development of firm organizations; and...