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A critical realist interpretation of evolutionary growth theorising
Authors:Castellacci  Fulvio
Institution:* Norwegian Institute of International Affairs
Abstract:The paper discusses a critical realist interpretation of evolutionarygrowth theorising by focusing on some of its basic characteristics.The evolutionary ontology is complex, differentiated, structured,systemic, open, ever-changing and radically uncertain. Its methodologytends to be increasingly based on ‘appreciative’theorising, retroductive explanations and interdisciplinaryanalysis. After discussing these features, the paper suggeststhat critical realism may indeed constitute an important philosophicaland methodological foundation for the future development ofevolutionary theories of economic growth.
Keywords:Critical realism  Evolutionary economics  Innovation  Economic growth
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