Economics Explored

Evolutionary Economics with Dr Brendan Markey-Towler

Episode Summary

Insights from Evolutionary Economics and the Schumpeterian perspective on economic growth which emphasises creative destruction.

Episode Notes

Dr Brendan Markey-Towler returns to the program to speak about the important insights of Evolutionary Economics, which owes a lot to Joseph Schumpeter's perspective on economic growth emphasising creative destruction.

Brendan is the co-author of the 2020 book Economics of the Fourth Industrial Revolution Internet, Artificial Intelligence and Blockchain, published by Routledge. He has a PhD in Economics from the University of Queensland.

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Links relevant to the conversation:

What is evolutionary economics - Brendan's Medium article

Books with chapters on Schumpeter:

Grand Pursuit: The Story of Economic Genius

The Great Economists

The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers

Nelson and Winter's 1982 classic:

An Evolutionary Theory of Economic Change

Veblen's article:

Why is Economics not an Evolutionary Science?