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Schumpeter's Evolutionary Economics. A Theoretical, Historical and Statistical Analysis of the Engine of Capitalism. By Esben Sloth Andersen.

Schumpeter’s Evolutionary Economics fills the void of analysis and serves as a standard reference work on this pioneering thinker by introducing novel interpretations of his five major books and tracing the development of his intellectual framework. Schumpeter’s first German book on the nature of theoretical economics (1908) is still untranslated, but it demonstrates how he developed his evolutionary research programme by studying the inherent limitations of equilibrium economics. He presented core results on economic evolution and extended evolutionary analysis to all social sciences in the first German edition of The Theory of Economic Development (1912). He made a partial reworking of the theory of economic evolution in later editions, and this reworking was continued in Business Cycles (1939). Here Schumpeter also tried to handle the statistical and historical evidence on the waveform evolution of the capitalist economy. Capitalism, Socialism and Democracy (1942) modified the model of economic evolution and added evolutionary contributions to other social sciences. Finally, History of Economic Analysis, published posthumously, was based on his evolutionary theory of the history of economics.

Andersen's analysis of Schumpeter's five books expounds the progress he made within his research programme, and examines his lack of satisfactory tools for evolutionary analysis. In so doing it places our understanding of Schumpeter on a new and firmer footing; it also suggests how modern evolutionary economics can relate to his work.

Techno-Economic Paradigms. Essays in Honour of Carlota Perez. Edited by Wolfgang Drechsler, Erik S. Reinert, Rainer Kattel.

Techno-economic paradigm shifts are at the core of general, innovation-based theory of economic and societal development as conceived by Carlota Perez. Her book on the subject, Technological Revolutions and Financial Capital, is a seminal enunciation of the theory, and has had immense influence on business strategy, state development programs and policy, and academic thinking on the subject.

Techno-Economic Paradigms presents a series of essays by the leading academics in the field discussing the theory of techno-economic paradigm shifts, and its role in explaining processes of innovation and development. This festschrift honours Carlota Perez, the founder of the theory 'techno-economic paradigm shifts'. Contributors include Chris Freeman, Richard Nelson, Bengt-Ake Lundvall, Giovanni Dosi and many others.

Ragnar Nurkse, Trade and Development. Edited by Rainer Kattel, Jan Kregel, Erik S. Reinert.

Ragnar Nurkse (1907-1959) was one of the most important pioneers of development economics, and although his writings have been neglected in recent decades, leading development economists and international organizations like the United Nations are now turning to Nurkse in search for new inspiration, due to the failure of neoclassical economics to adequately explain the experience of poor and developing countries. Until now, however, all Nurkse’s published works were out of print, and the most recent editions stem from the early 1960s.

This volume reprints Nurkse’s most important works, making them widely available for an audience of economists, policy makers, researchers and students. The works reprinted here, include two essays never printed before in this format ‘Growth in Underdeveloped Countries’, (1952) and ‘International Trade Theory and Development Policy’ (1957), as well as the collected essays from Equilibrium and Growth in the World Economy (1961), and the monograph Problems of Capital Formation in Underdeveloped Countries (1953).

Ragnar Nurkse (1907-2007). Classical Development Economics and its Relevance for Today. Edited by Rainer Kattel, Jan Kregel, Erik S. Reinert.

This volume contains a selection of papers that cast new insight on Nurkse’s thought, and discuss his relevance for today. The volume also celebrates the 100th anniversary of this profoundly important thinker’s birth.