Evolutionary Theories Of Economic And Technological Change
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Evolutionary Theories Of Economic And Technological Change
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Author : (Pier) Paolo Saviotti
language : en
Publisher: Routledge
Release Date : 2018-03-29
Evolutionary Theories Of Economic And Technological Change written by (Pier) Paolo Saviotti and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-29 with Business & Economics categories.
Recently, evolutionary theories of economic and technological change have attracted a considerable amount of attention which reflects the problems encountered by mainstream analysis of dynamic phenomena and quantitative change. This book, originally published in 1991, develops the debate and draws on the concepts of evolutionary biology, nonequilibrium thermodynamics, systems and organization theory. While recognizing that new technology is not the cause of quantitative change, the editors claim it should play a more central role in economic theory and policy. At the same time, the ground is laid for a more generalized concept of innovation and experimentation and their relation to routine activities. The book is intended for economists.
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.
Modern Evolutionary Economics
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Author : Richard R. Nelson
language : en
Publisher: Cambridge University Press
Release Date : 2018-05-03
Modern Evolutionary Economics written by Richard R. Nelson and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-03 with Business & Economics categories.
Presents the evolutionary perspective of the economy as perpetually moving, driven by innovation, and the empirical research this has guided.
Technological Evolution Variety And The Economy
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Author : Paolo Saviotti
language : en
Publisher: Edward Elgar Publishing
Release Date : 1996
Technological Evolution Variety And The Economy written by Paolo Saviotti and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
This text discusses the fundamental role played by qualitative change in economic development and the contribution made by technological change and innovation.
New Developments In Evolutionary Innovation
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Author : Gino Cattani
language : en
Publisher: Oxford University Press
Release Date : 2021-05-13
New Developments In Evolutionary Innovation written by Gino Cattani and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-13 with Business & Economics categories.
The growth of evolutionary thinking has had a profound impact on economic theory and related fields such as strategy and technological innovation. An important paradigm that underlies the evolutionary theory of innovation is neo-Darwinian evolution. According to this paradigm, evolution is gradualist and based on the mechanisms of variation, selection, and retention. Since the 1970s, theoretical advancements in evolutionary biology have recognised the central role of punctuated equilibrium, speciation, and exaptation. However, despite their significant influence in evolutionary biology, these advancements have been reflected only partially in evolutionary approaches to economics, strategy, and innovation. The aim of this book is to review these advancements and explore their implications, with a particular emphasis on the role of serendipity and unprestateability in innovation and novelty creation.
Innovation Economics And Evolution
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Author : Peter H. Hall
language : en
Publisher:
Release Date : 1994
Innovation Economics And Evolution written by Peter H. Hall and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Explores how changing technology can influence economic systems and vice versa. This text studies the impact of innovation on inter-firm competition at the industry level; technological progress and long run growth; and the economics of the firm as it relates to adopting innovations.
The Evolution Of Economic Diversity
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Author : Antonio Nicita
language : en
Publisher: Routledge
Release Date : 2013-12-16
The Evolution Of Economic Diversity written by Antonio Nicita and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-16 with Business & Economics categories.
The traditional role of evolutionary theory in the social sciences has been to explain the existence of an object in terms of the survival of the fittest. In economics this approach has acted as a justification for hypotheses such as profit maximisation, or the existence of institutions in terms of their overall efficiency. This volume challenges that view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements that has characterised human societies.
Innovation Organization And Economic Dynamics
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Author : Giovanni Dosi
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000-01-01
Innovation Organization And Economic Dynamics written by Giovanni Dosi and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.
Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of the
Evolutionary And Neo Schumpeterian Approaches To Economics
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Author : Lars Magnusson
language : en
Publisher: Springer
Release Date : 2007-11-23
Evolutionary And Neo Schumpeterian Approaches To Economics written by Lars Magnusson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-23 with Business & Economics categories.
not gentle to the capitalists" (Schumpeter, 1991). Thus, by instead portraying the conflict between entreprenuerial activity and the sociology of the modern state, he came quite close to the analysis carried out by Thorstein Veblen some decades earlier, who emphasized the conflict between p- gressive technology and the institutions of a contemporary "predatory dynastic State of early modern times, superficially altered by a suffusion of democratic and parliamentary institutions" (Veblen, 1964, p. 398). Modern neo-Schumpeterian approaches have continued to build on this groundwork provided by their master. During recent years there has been a great upsurge of discussion on technology, innovations, technological regimes, etc. from the dynamic perspective provided by Schumpeter (Dosi, 1984, Rosegger, 1985; Dosi et al., 1988). Thus the search process for (t- poral) extra profits has been stressed and has been used for modelling attempts. The wider institutional framework for technological change and innovation activity has also been strongly developed more recently. Hence emphasis has grown in the study of technological and industrial regimes, path dependency, and the network approach, developed recently, that social relationships structure the opportunities and constraints that face firms and agents that, for example, carry out innovations (Snehota, 1990).
Technological Change In The Modern Economy
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Author : Paul R. Beije
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998
Technological Change In The Modern Economy written by Paul R. Beije and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Technological innovations categories.
A textbook for an undergraduate course within an economics or management program. Provides a broad overview of the economic causes and consequences of technological innovation, and analyzes the process of innovation itself. Diverges from the few other introductory texts by approaching the subject from an empirical perspective and dealing with theory only so far as it supports empirical studies, and by presenting data from Europe rather than the US. Within a framework of technological institutions, positions several economic theories, including the neoclassical theory of technological change, the evolutionary theory, and transaction cost economics from the new specialty of institutional economics. Annotation copyrighted by Book News, Inc., Portland, OR