Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. In this long-awaited book, leading figures in the field provide an overview of the evolutionary perspective, and of the empirical research it has guided.

Presents the evolutionary perspective of the economy as perpetually moving, driven by innovation, and the empirical research this has guided.

Advance praise: 'Nelson and Winter's 1982 book on evolutionary economics was one of the most influential economic publications of recent decades, with an immense impact on neighbouring social sciences. Now, 35 years on, Nelson and other leading scholars examine how, in a rapidly changing world, evolutionary economics helps us understand the role of technological advance, the evolution of firm capabilities and behaviour, the nature of Schumpeterian competition and industrial dynamics, long-run economic development and the process of 'catching up' by developing economics. These analyses, along with the challenges set out in the final chapter, provide the framework for the continuing development of evolutionary economics over coming decades.' Ben Martin, University of Sussex