His research includes evolutionary economics, long-term trends in economic development, as well as the transformations that economic institutions, production and consumption undergo over time.
Witt studied economics at the University of Gottingen (University of Goettingen) and received his doctorate in 1979. After completing the habilitation, the award procedure for a higher doctorate in the University of Mannheim in 1985, he was appointed professor of economics at the same university, after which he taught at the University of Southern California in Los Angeles (University of Southern California, Los Angeles), Saarlandskom University (Saarland University) in Saarbrucken (Saarbr & # 252; cken) and Freiburg University (University of Freiburg), while in 1995 no prisoedinilsyak Economic researchers at the Max Planck Institute.
Ulrich Witt is a member of several scientific advisory boards and organizations. He was awarded the `Karl William Kapp Prize` of the European Association for Evolutionary Political Economy (European Association for Evolutionary Political Economy) in 1992 and received an honorary doctorate from the University of Witten-Herdecke (University Witten-Herdecke) in 2003. In addition, he is an honorary member of the Japanese Association of Evolutionary Economics (Japanese Association for Evolutionary Economics). Ulrich Witt has published more than 100 scientific articles in professional journals and a dozen books.
The basis of his work was the idea of ??the naturalistic approach of evolutionary economics. His research questions integrate various disciplines, such as, for example, biology and psychology, and economics in order to enrich economic thinking. Witt applied this approach to a theory of consumption, as well as to the theory of the firm. In 1987 it was published in the German language book Witt `Individualistische Grundlagen der evolutorischen & # 214; konomik` (the letters` individualistic foundations of evolutionary ekonomiki`.), Which became the starting point for an independent direction of evolution of economic thought. She has served as the basis for his doctoral dissertation Ulrich Witt. The book develops a rather ambitious vision of evolutionary economics general approach to the study of emerging innovations and dynamic changes in economic behavior.
Unlike the neo-Schumpeterian approach, which focused on the industrial economy and drew inspiration from organizational theory karnegianskoy school, Witt was heavily influenced by behavioral and cognitive psychology, sociobiology, and the Austrian School of Economics.
It offers a diverse, multi-faceted account of individual economic entities on the basis of hereditary traits, as well as various educational processes. In the future, `Individualistische Grundlagen der evolutorischen & # 214; konomik` became the nucleus of what later called` Witt hypothesis nepreryvnosti`, ontological foundations of evolutionary economics.
Later Witt continued to develop issues such as the ontological continuity hypothesis, teaching the theory of consumption, reinforcements and the saturation of the consumer and his motives and needs, changes in the long-term patterns of consumption, the historical growth of supply and demand, the origin of the company and leadership theory.