The challenge of evolutionary economics

Article Abstract:

It is difficult to produce a clear explanation of the term 'evolutionary economics,' as it is used in a number of different ways. Many economists assume that its meaning is generally understood, but this is far from being the case. It is therefore useful to consider the main issues involved in the concept of evolutionary economics. The concept inevitably involved novelty, which in turn cannot be confined within the boundaries of formalism. It is clear that evolutionary economics is now at a vital stage in its development.

Economics, Research and Development in the Social Sciences and Humanities, Analysis, Social economics, Socioeconomics

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Forests and economic welfare

Article Abstract:

Forests have influenced many nations economically, though their contribution is usually measured in terms of the industrial ventures which they support. Non-timber forest products taken as a whole have a significant effect on the household income of a rural family in developing countries. Data indicate that non-timber forest products equal 50 percent of income obtained from agriculture, on the average.

FORESTRY, Forestry and Logging, Economic aspects, Forests and forestry, Forests, Rain forests, Forest products

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