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Cambridge Journal of Economics 2006 30(6):861-880; doi:10.1093/cje/bel028
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© The Author 2006. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Article

A critical realist interpretation of evolutionary growth theorising

Fulvio Castellacci*

* Norwegian Institute of International Affairs

Address for correspondence: Department of International Economics, Norwegian Institute of International Affairs (NUPI), POB 8159, Dep. 0033 Oslo, Norway; email: fc{at}nupi.no

Abstract

The paper discusses a critical realist interpretation of evolutionary growth theorising by focusing on some of its basic characteristics. The evolutionary ontology is complex, differentiated, structured, systemic, open, ever-changing and radically uncertain. Its methodology tends to be increasingly based on ‘appreciative’ theorising, retroductive explanations and interdisciplinary analysis. After discussing these features, the paper suggests that critical realism may indeed constitute an important philosophical and methodological foundation for the future development of evolutionary theories of economic growth.

Key Words: Critical realism • Evolutionary economics • Innovation • Economic growth

JEL classifications: B41, B52, O30

Manuscript received September 5, 2003; final version received June 26, 2006.


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