#This study is a pioneering effort to attempt to integrate evolutionary and economic theory in order to have a better understanding of the way in which political, economic and social systems evolve over time. The result is an exciting series of essays exploring the various dimensions of evolutionary analysis of economic policy.# # Douglass C. North,Washington University, US and Nobel Laureate #A brilliant but complex set of analyses tying and contrasting the Schumpeterian structured evolution of markets with Hayekian views of self-revealing market institutional development, this book is no quick- read; rather it is a sophisticated (if difficult) statement of the state-of-the-art of evolutionary economics. Its place in the evolution of important literature is similar to Joan Robinson#s 1956 Accumulation of Capital writ modern with a critique of Nelson and Winter#s An Evolutionary Theory of Economic Change as its starting point.# # Mark Perlman, University of Pittsburgh, US This important book analyses evolutionary approaches to economic policy. Its main purpose is to explore the policy implications of evolutionary economics, in particular of approaches inspired on the one hand by Schumpeter and revived by Nelson and Winter which deal with industrial evolution under constant institutions and, on the other hand, of approaches inspired by Hayek and North, which analyse the ways in which institutions themselves evolve. INDICE Preface 1. Introduction: Evolutionary Thinking on Economic Policy 2. Why Economic Policies Need Comprehensive Evolutionary Analysis 3. Evolutionary Markets and the Design of Institutional Policy 4. Knowledge and Economic Policy: A Plea for Political Experimentalism 5. Democracy as an Evolutionary Method 6. Ideologies, Beliefs, and Economic Advice # A Cognitive#Evolutionary View on Economic Policy Making 7. Equilibrium and Evolutionary Foundations of Competition and Technology Policy: New Perspectives on the Division of Labour and the Innovation Pro