This paper suggests that the analysis of Schumpeterian competitionwithin the Nelson--Winter model should be complemented with evolutionary game theory. This model and its limitations for density-dependent Schumpeterian strategies are presented in terms of the equations of evolutionary dynamics. Formulated as evolutionary games, the set of strategies can easily be extended from innovators and im...

What was the role of consumption structure evolution in the industrialization phases of the Western world since the 18th century? To answer this question, we …rst ask the économical ad histoical literature. We idetify the main phases of consumption structure evolution and establish a plausible link between consumption structure evolutions and industrial revolutions. In particular, we show that ...

Within the last 25 years large progress has been made in Neo-Schumpeterian Economics, this branch of economic science which deals with dynamic processes causing qualitative transformation of economies basically driven by the introduction of novelties. By its very nature, technological innovation is the most exponent and visible form of novelty. However, Neo-Schumpeterian Economics should be con...

Top income inequality rose sharply in the United States over the last 35 years but increased only slightly in economies like France and Japan. Why? This paper explores amodel inwhich heterogeneous entrepreneurs, broadly interpreted, exert effort to generate exponential growth in their incomes. On its own, this force leads to rising inequality. Creative destruction by outside innovators restrain...

A multi-country Schumpeterian growth model is constructed. Because of technology transfer, all R&D-performing countries converge to parallel growth paths. All other countries stagnate. Any parameter change that would have raised a country’s growth rate in standard Schumpeterian theory will permanently raise its productivity and per-capita income relative to other countries and raise the world g...