Emergence of the Evolutionary Economics and Transformation of Technology and Industrial Policies



In this article, after discussing some aspects of neoclassic and evolutionary schools of economics and their strength and weaknesses considering technology and technological growth, we analyze and discuss new technology policy making- related settings, derived from evolutionary school of management. As you will see, the purpose of this article is not to one-sidedly criticize neoclassic economics. Instead, the main goal of the  paper is to provide aspects of these economical approaches that can be used to explain the successful and unsuccessful events and policies, utilized in the technology and industry sectors in the recent decades, specially, in Southeast Asia. This text is mostly reflecting the viewpoints of scientists like Sanjaya Lall, which are based on criticism of neoclassic school of economics.