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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.
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.
Author: Cristiano Antonelli
Publisher: Edward Elgar Publishing
ISBN: 178254514X
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.
Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Category : Business & Economics
Languages : en
Pages : 456
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Book Description
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.
Author: Cristiano Antonelli
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages :
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Book Description
Author: W. Brian Arthur
Publisher: Simon and Schuster
ISBN: 1439165785
Category : Science
Languages : en
Pages : 258
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Book Description
“More than anything else technology creates our world. It creates our wealth, our economy, our very way of being,” says W. Brian Arthur. Yet despite technology’s irrefutable importance in our daily lives, until now its major questions have gone unanswered. Where do new technologies come from? What constitutes innovation, and how is it achieved? Does technology, like biological life, evolve? In this groundbreaking work, pioneering technology thinker and economist W. Brian Arthur answers these questions and more, setting forth a boldly original way of thinking about technology. The Nature of Technology is an elegant and powerful theory of technology’s origins and evolution. Achieving for the development of technology what Thomas Kuhn’s The Structure of Scientific Revolutions did for scientific progress, Arthur explains how transformative new technologies arise and how innovation really works. Drawing on a wealth of examples, from historical inventions to the high-tech wonders of today, Arthur takes us on a mind-opening journey that will change the way we think about technology and how it structures our lives. The Nature of Technology is a classic for our times.
Author: Antonelli, Cristiano
Publisher: Edward Elgar Publishing
ISBN: 1839106999
Category : Business & Economics
Languages : en
Pages : 579
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Book Description
A landmark reference work in the field, this Elgar Encyclopedia presents over 60 entries from scholars that have shaped the making of the economics of innovation as a distinct and specialised field of investigation within the broad range of economic disciplines. This will be a critical read for economics scholars, particularly those focusing on knowledge and innovation as it offers an understanding of the definitions of key terms in the field, the founding tenets of the topic, and the economics of knowledge and innovation in more specific contexts.
Author: Koen Frenken
Publisher: Edward Elgar Publishing
ISBN: 9781781956410
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
The motivation behind this book is the desire to integrate complexity theory into economic models of technological evolution. By means of developing an evolutionary model of complex technological systems, the book contributes to the neo-Schumpetarian literature on innovation, diffusion and technological paradigms.
Author: Andreas Pyka
Publisher: Springer
ISBN: 3319620096
Category : Business & Economics
Languages : en
Pages : 532
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Book Description
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.
Author: Hugo Pinto
Publisher: Springer
ISBN: 3319951351
Category : Business & Economics
Languages : en
Pages : 255
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Book Description
Economic and financial crises have brought the rise of unemployment, reduction of economic growth and emergence of global imbalances and tensions as countries and regions have suffered the effects of a variety of internal and external shocks. In this context of constant disruption, the scientific community has struggled to provide satisfactory answers to current economic challenges within standard frameworks. Focusing on the interconnections between innovation and resilience, this edited book contributes to a better understanding of how the crisis affects innovation and the capacity of territories to adapt and evolve. It offers both theoretical and empirical contributions that debate the notions of resilience in regional and urban contexts and serve as case studies related to innovation strategies and territorial clusters.
Author: Cristiano Antonelli
Publisher: Edward Elgar Publishing
ISBN: 0857930370
Category : Technology & Engineering
Languages : en
Pages : 577
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Book Description
This comprehensive and innovative Handbook applies the tools of the economics of complexity to analyse the causes and effects of technological and structural change. It grafts the intuitions of the economics of complexity into the tradition of analysis based upon the Schumpeterian and Marshallian legacies. The Handbook elaborates the notion of innovation as an emerging property of the organized complexity of an economic system, and provides the basic tools to understand the recursive dynamics between the emergence of innovation and the unfolding of organized complexity. In so doing, it highlights the role of organizational thinking in explaining the introduction of innovations and the dynamics of structural change. With a new methodological approach to the economics of technological change, this wide-ranging volume will become the standard reference for postgraduates, academics and practitioners in the fields of evolutionary economics, complexity economics and the economics of innovation.
