ABSTRACT

So we now have a micro meso macro generic framework. The obvious question to ask, then, is what policy implications this framework might have. We shall not endeavor here to develop specific recommendations for various policy domains-such as competition policy, industry policy, fiscal policy, etc.—and nor shall we review the growing literature on evolutionary economic policy.1 Instead, we shall concentrate upon the broad outlines of what a justified analytic basis for policy must be as derived from our framework.