Foundations Of Economic Change

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Foundations Of Economic Change
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Author : Andreas Pyka
language : en
Publisher: Springer
Release Date : 2017-11-15
Foundations Of Economic Change written by Andreas Pyka and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-15 with Business & Economics categories.
The book illustrates the considerable advances in modern evolutionary economics and addresses core questions of economic behaviour, interaction of heterogeneous actors in uncertain environments and the possibility of aggregating observations on a macro-economic level. It presents the foundations of economic change as the major building blocks of an economic approach that focusses on complex processes driven by endogenous innovation as well as crisis. The theoretical considerations are complemented by econometric studies to demonstrate the relevance of evolutionary-economic thinking to improve our understanding of the most challenging issues related to economic growth and development.
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.
Microfoundations Of Economic Growth
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Author : International Schumpeter Society. Meeting
language : en
Publisher:
Release Date : 1998
Microfoundations Of Economic Growth written by International Schumpeter Society. Meeting and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Biography & Autobiography categories.
Contributors to this volume seek further understanding of the microfoundations of economic growth. The book focuses on three subjects that interested the great Austrian and Harvard economist, Joseph A. Schumpeter--innovation, technological change, and economic growth. These papers were presented at the 1996 meeting of the International Schumpeter Society.
The Foundations Of Economics
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Author : Walter Eucken
language : en
Publisher:
Release Date : 1992-03-20
The Foundations Of Economics written by Walter Eucken and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-03-20 with categories.
Walter Eucken s "The Foundations of Economics" (Grundlagen der National-konomie) is the classic work of German econo- mic literature in thepast 60 years. In particular, the book was of great importance for the economic order that developed in the Federal Republic of Germany after the Second World War and made Germany the leading economic power in Europe. Eucken places great emphasis on economic reality in his work. Taking everyday observations as his starting point, he attempts to infer complex connections. Eucken provides the reader not only with a comprehensive criticism of classical economics, but also in particular with an analysis of economic systems, economic order, and the course of economic events. As a consequence of the dramatic changes that have taken place in Eastern Europe, many states now find themselves facing problems similar to those faced by West Germany in its earliest days. Euckens considerations can be of assistance in the search for the correct concepts. This reprint of the English translation of Euckens book thus not only gives a broad readership renewed access to a classical work, but can be instrumental in supporting the transition to a market economy in many countries and in facilitating the search for good concepts.
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.
The General Theory Of Economic Evolution
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Author : Kurt Dopfer
language : en
Publisher: Routledge
Release Date : 2007-09-27
The General Theory Of Economic Evolution written by Kurt Dopfer and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-09-27 with Business & Economics categories.
The first book to chart the development of the field of evolutionary economics, this book provides an integrated generic framework to define the rules of an economic system; how they are coordinated and the causes and consequences of their change.Packed with pedagogical features including essay and tutorial questions, case studies and an extensive
Economic Foundations For Finance
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Author : Thorsten Hens
language : en
Publisher: Springer Nature
Release Date : 2019-08-20
Economic Foundations For Finance written by Thorsten Hens and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-20 with Business & Economics categories.
This book provides readers with essential concepts from financial economics for an integrated study of the financial system and the real economy. It discusses how long-term market prices are determined and affected by population growth, technological progress and non-renewable resources. The meaning of market prices is examined from the perspective of households and from the perspective of firms. The book therefore connects different fields of finance, which usually focus only on either the households’ side or the firms’ side.
Community Economic Development In Social Work
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Author : Steven D. Soifer
language : en
Publisher: Columbia University Press
Release Date : 2014-11-18
Community Economic Development In Social Work written by Steven D. Soifer and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-18 with Social Science categories.
Community economic development (CED) is an increasingly essential factor in the revitalization of low- to moderate-income communities. This cutting-edge text explores the intersection of CED and social work practice, which both focus on the well-being of indigent communities and the empowerment of individuals and the communities in which they live. This unique textbook emphasizes a holistic approach to community building that combines business and real-estate development with a focus on stimulating family self-reliance and community empowerment. The result is an innovative approach to rehabilitating communities in decline while preserving resident demographics. The authors delve deep into the social, political, human, and financial capital involved in effecting change and how race and regional issues can complicate approaches and outcomes. Throughout, they integrate case examples to illustrate their strategies and conclude with a consideration of the critical role social workers can play in developing CEDÕs next phase.
The Institutional Foundation Of Economic Development
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Author : Shiping Tang
language : en
Publisher: Princeton University Press
Release Date : 2022-09-06
The Institutional Foundation Of Economic Development written by Shiping Tang 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 2022-09-06 with Business & Economics categories.
A systemic account of how institutions shape economic development Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth. Shiping Tang contends that institutions shape economic development through four “Big Things”: possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies. Arguing for an evolutionary approach tied to a country’s stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.
The Institutional Foundations Of East Asian Economic Development
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Author : Y. Hayami
language : en
Publisher: Springer
Release Date : 1998-12-13
The Institutional Foundations Of East Asian Economic Development written by Y. Hayami and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-12-13 with Business & Economics categories.
The International Economic Association was foremost in reviving professional economists' concern with institutions and their impact in publications such as Economic Institutions in a Dynamic Society (1989). This volume concentrates on the states whose development has been characterised as the 'East Asian miracle' in the light of the performance of other economies starting from similarly low income levels, including India, China, African states - especially Nigeria - and Latin American countries including Brazil. This comprehensive comparative survey in economic history demonstrates the external shocks and interacting domestic forces which constituted the growth dynamic. Nobel Laureates Kenneth Arrow and Douglass North and past President of the IEA the late Michael Bruno are among the thirty-four highly distinguished specialist contributors.