Conclusion and the Way(s) Forward

This chapter concludes the book by explicitly stating some general limitations and by providing a summary and an outlook. The four general limitations acknowledged here are conceptual ambiguity, under-representation of creativity (or remix), neglect of co-evolution, and the unresolved question of how far the analogies between cultural and biological evolution should go. The chapter also summarizes the book’s core findings and highlights the “five i” of economemetics: imitation, information, instruction, innovation, and interconnection. Finally, the chapter invites future research on philosophical implications of economemetics, overlaps and connections with framing theory, semiotics, organizational institutionalism, and alternative economic disciplines, as well as more in-depth inquiries into our understanding of information.