Roepke Lecture in Economic Geography—Rethinking Regional Path Dependence: Beyond Lock‐in to Evolution

Abstract This article argues that in its “canonical” form, the path dependence model, with its core concept of lock‐in, affords a restrictive and narrowly applicable account of regional and local industrial evolution, an account moreover that is tied to problematic underpinnings based on equilibrist thinking. As such, the canonical path dependence model actually stresses continuity rather than change. The article explores recent developments in political science, in which there have been active attempts to rethink the application of path dependence to the evolution of institutions so as to emphasize change rather than continuity. These developments are used to argue for a rethinking of path dependence ideas in…