A tribute to Stan Metcalfe and his contributions to evolutionary theory, Schumpeterian dynamics and innovation systems

Abstract

This opening address at the Festschrift in Honor of Stanley Metcalfe examines his major contributions concerning evolutionary theory, innovation and Schumpeterian dynamics, competition and innovation systems. Metcalfe's broad intellectual framework is first presented: the use of complementary approaches (theory, appreciative analysis, empirical work and case studies); the wide range of disciplines addressed (economics, technology, sociology, business studies and political science) and the successful combinations of a micro and a macro approach, of a supply- and a demand-side view and of focus on advanced economies and on developing ones. Then the article discusses Metcalfe's contributions regarding competition and selection within an evolutionary framework; innovation systems, institutions and entrepreneurship; and public policy in an evolutionary and system view.

Keywords:

• evolutionary theory
• industrial dynamics
• innovation systems
• entrepreneurship

Notes

^†Opening address at the Festschrift in Honour of Professor Stanley Metcalfe, November 10, 2010, University of Manchester.