Evolutionary economics

Evolutionary Economics is the study of how the economy changes over time. It looks at how people, businesses, and governments interact with one another and how these interactions influence economic growth. Instead of looking at the economy as something that stays the same, evolutionary economists believe that it changes and evolves as new ideas, technologies, and people enter the picture. They believe that changes occur gradually over time, as economic agents adapt to their environment and come up with innovative solutions. Evolutionary economics is an important field of study because it helps us understand how the economy works now and how it might change in the future.