Economies Of Change
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The Political Economy Of Change
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Author : Norman T. Uphoff
language : en
Publisher: Routledge
Release Date : 2018-04-17
The Political Economy Of Change written by Norman T. Uphoff and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-17 with Political Science categories.
Ilchman and Uphoff believe that political science has failed in the past to meet its own standards of rigor and cogency and does not meet standards of usefulness and relevance set by others. The Political Economy of Change attempts to remedy these shortcomings by expanding the limits of social science analysis to deal with problems of allocation and productivity in all spheres of public choice, not just the economic sphere.
Understanding The Process Of Economic Change
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Author : Douglass C. North
language : en
Publisher: Princeton University Press
Release Date : 2010-05-09
Understanding The Process Of Economic Change written by Douglass C. North and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-05-09 with Business & Economics categories.
In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.
An Evolutionary Theory Of Economic Change
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Author : Richard R. Nelson
language : en
Publisher: Harvard University Press
Release Date : 1985-10-15
An Evolutionary Theory Of Economic Change written by Richard R. Nelson and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985-10-15 with Business & Economics categories.
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Economic Change And Wellbeing
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Author : Fabio D'Orlando
language : en
Publisher: Routledge Frontiers of Political Economy
Release Date : 2023-05
Economic Change And Wellbeing written by Fabio D'Orlando and has been published by Routledge Frontiers of Political Economy this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05 with Economic development categories.
Technological progress and globalization have generated indisputable benefits, but also relevant costs, such as growing economic inequality, economic fluctuations, and financial instability. Mainstream economics has usually considered these costs as temporary, evenly distributed, and more than compensated by the gains of the phases of economic expansion. In this book, which focuses mainly (though not only) on the labor market, the authors contend that the major costs of the intensified process of creative destruction, through which economic change proceeded, have been ignored and the benefits overrated, thus incorrectly estimating the net impact of economic growth on subjective wellbeing. The book argues that the positive consequences of economic change and globalization may not compensate for the negatives, because psychological losses are felt more strongly than gains (due to loss aversion) and the costs are unequally distributed (those on low incomes disproportionately suffer more). The result is an overall reduction in wellbeing and therefore appropriate policies are necessary to allow more people to enjoy the benefits of technological progress without suffering the costs. The authors develop a comprehensive framework in which the socio-psychological context and educational level of a community determine the most suitable policies both for the short and for the long run. The book makes an invaluable contribution to the literature on economic growth and development, labor economics, the economics of wellbeing, and applications of behavioral economics. The readers that may be interested in this book are economists and other social scientists, but also general readers, since the analysis is maintained simple and accessible. University teachers can use the book for courses on economic growth and development, on labor economics, on the economics of human capital, on the economics of wellbeing, and on applications of behavioral economics.
A Systemic Approach To Continuous Change In The Innovation Economy
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Author : Jon-Arild Johannessen
language : en
Publisher: Routledge
Release Date : 2022-04-19
A Systemic Approach To Continuous Change In The Innovation Economy written by Jon-Arild Johannessen and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-19 with Business & Economics categories.
Unpredictable and unforeseen, or black swan, events are occurring increasingly often, one such recent example is the coronavirus crisis of 2020. The Fourth Industrial Revolution, with its growing use of artificial intelligence, intelligent robots, intelligent informats and intelligent algorithms, may help us to confront these incidents but only if we can avoid the sector optimization logic of some forms of economic thinking. This book offers a multi-faceted presentation of the application of systemic thinking in non-standard situations, especially those created by the fourth industrial revolution. It develops models and mini theories to promote systemic thinking at a time when cascades of innovations are entering the economy, while at the same time black swan events are occurring and disrupting social systems. It takes a critical look at how organizations and social systems have chosen to organize themselves to develop systems that prioritize high performance, by focusing on cost-cutting and maximizing profits, instead of on preparedness elasticity and resource slack. The consequences of this kind of organizational streamlining becomes evident only when the ‘black swans’ loom. The author discusses how individuals and society can develop the resilience needed to deal with these incidents. He asserts that there are three central social mechanisms that can help us understand how social systems work and how they are interconnected: time-lag, threshold value, and feedback. These three concepts can help us to understand how changes occur in non-linear systems; for instance, how small changes at the micro level can lead to large changes at the macro level. This book will be of interest to researchers, academics and students in the fields of economics, finance, business and industry.
International Political Economy
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Author : Robert A. Isaak
language : en
Publisher:
Release Date : 1991
International Political Economy written by Robert A. Isaak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Commercial policy categories.
This text introduces the study of international economic and political structures with a social and collective learning approach. Focusing on major international economic organizations, it examines how managers in public and private sectors cope with international change in the 20th century.
The Political Economy Of Change
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Author : Warren Frederick Ilchman
language : en
Publisher: Transaction Pub
Release Date : 1969
The Political Economy Of Change written by Warren Frederick Ilchman and has been published by Transaction Pub this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Political Science categories.
"With a new introduction by the authors".
Firms Markets And Economic Change
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Author : Richard N. Langlois
language : en
Publisher: Routledge
Release Date : 2002-06-01
Firms Markets And Economic Change written by Richard N. Langlois and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-01 with Business & Economics categories.
Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex process that defies neat categorization and government policy should be to facilitate change rather than to direct it.
Finance Development September 2014
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Author : International Monetary Fund. External Relations Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2014-08-25
Finance Development September 2014 written by International Monetary Fund. External Relations Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-25 with Business & Economics categories.
This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.
The Analysis Of Economic Change
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Author : Joseph A. Schumpeter
language : en
Publisher:
Release Date : 1986
The Analysis Of Economic Change written by Joseph A. Schumpeter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.