New Books In Economics

We met with Prof. Ulrich Witt to discuss his recent book (co-edited with Andreas Chai), Understanding Economic Change, Advances in Evolutionary Economics (Cambridge University Press, 2018). This collection of essays is divided into five parts: Part I (Introduction), Part II (Conceptual and Methodological Problems), Part III (Perspectives on Evolutionary Macroeconomics), Part IV (Advances in Explaining and Assessing Institutional Evolution), Part V (Evolutionary Perspectives on Welfare and Sustainability). Ulrich Witt, from the Max Planck Institute in Jena, Germany, is a leading figure in the evolutionary approach to economics. He contributed to define the conceptual basis of this approach and he applied it in several fields of economics, focusing on the historical transformations and the endogenous changes. Geoffrey M. Hodgson (University of Hertfordshire, UK) commented that: ‘As Ulrich Witt and Andreas Chai put it in their introduction, it is time for some stocktaking concerning progress in evolutionary econ