Evolutionary macroeconomics: a research agenda

摘要: In this article, the goal is to offer a new research agenda for evolutionary macroeconomics. The article commences with broad review of main ideas in history thought concerning determinants economic growth and an introduction perspective. This followed by selective recent approaches These are found be somewhat disconnected. It argued that ‘micro-meso-macro’ approach evolution capable resolving problem offering analytical framework which macroeconomics can built upon ‘meso-foundations’, not micro-foundations, as asserted mainstream. also stressed system its components complex adaptive systems complexity must assumed away through imposition simplistic assumptions made convenience. explained are, at base, energetic character but differ from biological way they collect, store apply knowledge. focus stocks flows energy knowledge yield appropriate how such connected key insights both Schumpeter Keynes have been eliminated modern A macroeconomic cannot operationalized empirically limited usefulness so, last part methodology discussed.