KLI Colloquia are informal, public talks that are followed by extensive dissussions. Speakers are KLI fellows or visiting researchers who are interested in presenting their work to an interdisciplinary audience and discussing it in a wider research context. We offer three types of talks:

1. Current Research Talks. KLI fellows or visiting researchers present and discuss their most recent research with the KLI fellows and the Vienna scientific community.

2. Future Research Talks. Visiting researchers present and discuss future projects and ideas togehter with the KLI fellows and the Vienna scientific community.

3. Professional Developmental Talks. Experts about research grants and applications at the Austrian and European levels present career opportunities and strategies to late-PhD and post-doctoral researchers.

  • The presentation language is English.
  • If you are interested in presenting your current or future work at the KLI, please contact the Scientific Director or the Executive Manager.

Event Details

Manuel Scholz-Wäckerle
KLI Colloquia
Evolutionary Political Economy: Transformation and Simulation
Manuel SCHOLZ-WÄCKERLE (Vienna University of Economics and Business)
2021-04-29 15:00 - 2021-04-29 17:00
Organized by KLI

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Topic description / abstract

The subject of the presentation is the discussion of evolutionary political economy as a distinct research programme. Evolutionary political economy follows two central goals: (1) to investigate and understand the endogenous dynamics of capitalist development in space and time, with its social-ecological implications, and (2) to shape the future of societal evolution on behalf of (1). Two distinct but interrelated processes shape political economic evolution simultaneously. There is a rather continuous process of variational change and growth, representing the more quickly dynamics of the circular flow, and a slower process of development carrying the contradictory motive forces of change which are tending towards disruptive transformation. The evolution of political economy unfolds as a stepwise sequence thereby. Traditionally, evolutionary economics has focused more on the former variational process by introducing e.g. population dynamics and related concepts into theories and models. The second transformational process is far more underrepresented in the literature, giving the occasion to develop an extended research programme, simply called evolutionary political economy. Theoretically, this work builds upon Marx, Schumpeter, Veblen and Georgescu-Roegen, understood as core thinkers of transformation with regard to the spatio-temporality of capitalist development. Otherwise, evolutionary political economy takes use of disaggregated simulation methods to communicate its ideas and findings to a larger community. In particular, the application of agent-based macroeconomic models is discussed, in exposing the interrelated dynamics of variation and transformation.


Biographical note

Manuel Scholz-Wäckerle is a senior lecturer at the Vienna University of Economics and Business (WU) at the Department of Socioeconomics. He obtained a doctorate in the social and economic sciences from the Technical University of Vienna in 2010. His main research areas involve evolutionary political economy, institutional economics, social-ecological transformation and agent-based modelling (micro-meso-macro).