Evolutionary economics gained acceptance for the study of industrialized countries during the 1990s but has contributed little to the study of world income inequality. This book approaches underdevelopment and inequality from different evolutionary perspectives. It features case studies that explore the mechanisms which cause economic inequality.

The theoretical interest within the book will appeal to development economists and evolutionary economists, and policymakers and politicians will find the explanations of the present failure of many small nations in the periphery invaluable.

Introduction
Part I: Foundations of an Alternative Theoretical Perspective
Part II: The Strategy of Success: Nineteenth-Century United States and Germany
Part III: The Strategy of Failure: Late Twentieth-Century Deindustrialization and the Economics of Retrogression
Part V: Technical Change and the Dynamics of Income Inequality Index.