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The Evolutionary Complexity of Endogenous Innovation

The Evolutionary Complexity of Endogenous Innovation PDF Author: Cristiano Antonelli
Publisher: Edward Elgar Publishing
ISBN: 1788113799
Category : Electronic books
Languages : en
Pages : 243

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Book Description
The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This book elaborates and applies the theoretical framework established in the author’s previous work Endogenous Innovation: The Economics of an Emergent System Property. This volume carefully explores the role of the reactivity of firms to out-of-equilibrium conditions. It also examines the quality of knowledge governance mechanisms in assessing the levels of externalities that define the likelihood of creative responses, as an alternative to adaptive responses.