Empirical work on micro and small firms has focused on developed countries.The little work that exists on developing countries is all too often based on smallsamples taken from ad hoc questionnaires. The census data we analyze are fairlyrepresentative of the structure of small business in India....

Beyond its explanatory ambitions as positive science, economics has always had its normativeor applied branch that aims at providing advice about how man’s socio-economic conditionmight be improved. Under the name welfare economics the discipline’s normative branch hasbeen formalized, in the...

This paper proposes to identify the micro-level sources for the dy-namic increasing returns occurring at an aggregate level. The paperreverts to a micro model of technological change in-line with the evolu-tionary literature on industrial dynamics. The data generated throughnumerical simulations...

This paper agrees that a suitably generalized Darwinism may help understandsocioeconomic change, but finds the most publicized generalization by Hodgson and Knudsenunsuitable. To do better, it generalizes the extension of Neo-Darwinism into evolutionarydevelopmental biology (“evo-devo”),...

Schumpeter’s and Hayek’s view of market coordination as being not aboutefficiency, but about endogenous change and never-ending discovery has beenincreasingly recognized even by the mainstream of economics. Underlying this view isthe notion of creative learning agents who bring about...