Adaptive Economic Growth

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Adaptive Economic Growth by : Stan Tan Metcalfe

Download or read book Adaptive Economic Growth written by Stan Tan Metcalfe and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops an evolutionary theory of adaptive growth, understood as a product of structural change and economic self-transformation, based upon processes that are closely connected with but not reducible to the growth of knowledge. The dominant connecting theme is enterprise, the innovative variations it generates and the multiple connections between investment, innovation, demand and structural transformation in the market process. The paper explores the dependence of macroeconomic productivity growth on the diversity of technical progress functions and income elasticities of demand at the industry level, and the resolution of this diversity into patterns of economic change through market processes. It is shown how industry growth rates are constrained by higher-order processes of emergence that convert an ensemble of industry growth rates into an aggregate rate of growth. The growth of productivity, output and employment are determined mutually and endogenously, and their values depend on the variation in the primary causal influences in the system.

Adaptive Economic Growth

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Publisher :
ISBN 13 : 9781904056508
Total Pages : 40 pages
Book Rating : 4.0/5 (565 download)

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Book Synopsis Adaptive Economic Growth by : J. Stanley Metcalfe

Download or read book Adaptive Economic Growth written by J. Stanley Metcalfe and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Divergent Dynamics of Economic Growth

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Publisher : Cambridge University Press
ISBN 13 : 1139440934
Total Pages : 259 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis The Divergent Dynamics of Economic Growth by : Richard H. Day

Download or read book The Divergent Dynamics of Economic Growth written by Richard H. Day and published by Cambridge University Press. This book was released on 2003-11-13 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how changing technology and economizing behaviour induce vast changes in productivity, resource allocation, labour utilization, and patterns of living. Economic growth is seen as a process by which businesses, regimes, countries, and the whole world pass through distinct epochs, each one emerging from its predecessor, each one creating the conditions for its successor. Viewed from a long-run perspective, growth must be characterized as an explosive process, marked by turbulent transitions in social and political life as societies adapt to new opportunities, the demise of old ways of living, and to the vast increase and redistribution of human populations. The book is based on a synthesis of classical economics and contemporary concepts of adaptation and economic evolution. Although it is based on analytical methods, the text has been stripped of all equations and with few exceptions is devoid of technical jargon.

The Adaptive Economy

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Publisher : World Bank Publications
ISBN 13 : 9780821321256
Total Pages : 422 pages
Book Rating : 4.3/5 (212 download)

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Book Synopsis The Adaptive Economy by : Tony Killick

Download or read book The Adaptive Economy written by Tony Killick and published by World Bank Publications. This book was released on 1993-01-01 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the relationship between economic adaptation and long-run development, with particluar emphasis on small, low- income economies. It also examines what makes for flexibility within an economy and how policy can affect an economy's ability to adapt to conditions over which it has no control. The premise is that all economies need to adapt to changing circumstances in order to achieve a reasonable pace of development. The author explains the forces to which economies need to respond, the attributes that increase an economy's capacity to adjust, the difficulties of adjustment, and what policy can do to facilitate adjustment. The author illustrates structure and flexibility within an economy and offers a guide to forming policy. Specific policy options are examined, among them using exchange rate fluctuations. The roles of government and markets in setting adjustment policies for industry, agriculture, and finance are explored. The study draws upon a wide range of material and avoids a narrowly economic point of view. The book is intended for use by economists working for or advising government agencies and for teachers and students of development economics. It includes an extensive reference list.

Development Projects as Policy Experiments

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Publisher : Routledge
ISBN 13 : 1134678584
Total Pages : 222 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Development Projects as Policy Experiments by : Dennis A. Rondinelli

Download or read book Development Projects as Policy Experiments written by Dennis A. Rondinelli and published by Routledge. This book was released on 2013-05-13 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: International assistance programmes for developing countries are in urgent need of revision. Continuous testing and verification is required if development activity is to cope effectively with the uncertainty and complexity of the development process. This examines the alternatives and offers an approach which focuses on strategic planning, administrative procedures that facilitate innovation, responsiveness and experimentation, and on decision-making processes that join learning with action. A useful text for academics and practitioners in development studies, geography and sociology.

The Nature of Value

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Publisher : Columbia University Press
ISBN 13 : 0231162448
Total Pages : 368 pages
Book Rating : 4.2/5 (311 download)

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Book Synopsis The Nature of Value by : Nick Gogerty

Download or read book The Nature of Value written by Nick Gogerty and published by Columbia University Press. This book was released on 2014-07-15 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nature of Value presents a theory of how economic value functions and how it drives growth, starting with tiny sparks of innovation and scaling all the way up to the full scope of the economy. Nick GogertyÕs exploration of value borrows from a wide array of disciplines, including anthropology, psychology, physics, sociology, and ethics, but most of all, it examines how evolutionÕs processes can help investors understand the economy and how investors can use this new understanding to improve their allocation decisions. Starting with a look at how innovations can help firms succeed, Gogerty looks at the economic niches in which firms compete and explores how firms can create defensive ÒmoatsÓ to enhance their chances of survival. He shows allocators how to adjust their actions for best performance and returns and what to look for when assessing company management, supporting his arguments with extensive data and years of practitioner experience from scientific, social, and economic disciplines. Intuitive illustrations are used to illuminate central concepts and ideas. GogertyÕs practical takeaways, couched in vivid explanations, will help investors of all backgrounds gain fresh insight into market mechanics.

The Chinese Economy, second edition

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Publisher : MIT Press
ISBN 13 : 0262344076
Total Pages : 608 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Chinese Economy, second edition by : Barry J. Naughton

Download or read book The Chinese Economy, second edition written by Barry J. Naughton and published by MIT Press. This book was released on 2018-03-23 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of a comprehensive overview of the modern Chinese economy, revised to reflect the end of the “miracle growth” period. This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both a broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. This second edition has been thoroughly revised to reflect a decade of developments in China's economy, notably the end of the period of “miracle growth” and the multiple transitions it now confronts—demographic, technological, macroeconomic, and institutional. Coverage of macroeconomic and financial policy has been significantly expanded. After covering endowments, legacies, economic systems, and general issues of economic structure, labor, and living standards, the book examines specific economic sectors, including agriculture, industry, technology, and foreign trade and investment. It then treats financial, macroeconomic, and environmental issues. The book covers such topics as patterns of growth and development, including population growth and the one-child family policy; the rural and urban economies, including rural industrialization and urban technological development; incoming and outgoing foreign investment; and environmental quality and the sustainability of growth. The book will be an essential resource for students, teachers, scholars, business practitioners, and policymakers. It is suitable for classroom use for undergraduate or graduate courses.

Economic Growth with Adaptive Technology in Less Developed Countries

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Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Economic Growth with Adaptive Technology in Less Developed Countries by : Sushila Gosalia

Download or read book Economic Growth with Adaptive Technology in Less Developed Countries written by Sushila Gosalia and published by . This book was released on 1977 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Adaptive Economy

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Publisher :
ISBN 13 :
Total Pages : 309 pages
Book Rating : 4.:/5 (777 download)

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Book Synopsis The Adaptive Economy by : Tony Killick

Download or read book The Adaptive Economy written by Tony Killick and published by . This book was released on 1993 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Adaptive Economy

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (777 download)

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Book Synopsis The Adaptive Economy by : Tony Killick

Download or read book The Adaptive Economy written by Tony Killick and published by . This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Theory of Money and Financial Institutions

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Publisher : MIT Press
ISBN 13 : 9780262693110
Total Pages : 472 pages
Book Rating : 4.6/5 (931 download)

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Book Synopsis The Theory of Money and Financial Institutions by : Martin Shubik

Download or read book The Theory of Money and Financial Institutions written by Martin Shubik and published by MIT Press. This book was released on 1999 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Digital Future Economic Growth, Social Adaptation, and Technological Perspectives

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Publisher : Springer Nature
ISBN 13 : 3030397971
Total Pages : 934 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Digital Future Economic Growth, Social Adaptation, and Technological Perspectives by : Tatiana Kolmykova

Download or read book Digital Future Economic Growth, Social Adaptation, and Technological Perspectives written by Tatiana Kolmykova and published by Springer Nature. This book was released on 2020-04-06 with total page 934 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systemic view on the digital future from the perspectives of various socio-humanitarian sciences: economics, social sciences, pedagogics and law. Presenting selected papers from the multi-disciplinary international conference “Climate changes and economy of the future: global transformation”, which was held at Pskov State University (Russia) on November 13–14, 2019, it offers a comprehensive overview of the current problems and the future potential of digital transformations of economic activities. This multidisciplinary book includes the latest research on the opportunities of the digital economy and the social and ecological consequences of its implementation, and as such offers a “road map” for development. It also features scientific and practical recommendations to allow effective management of the digitization process according to the current priorities.

The Rediscovery of Classical Economics

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781951977
Total Pages : 225 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis The Rediscovery of Classical Economics by : David Simpson

Download or read book The Rediscovery of Classical Economics written by David Simpson and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The diligent seeker of truth about our current discontents should turn to. . . The Rediscovery of Classical Economics, by David Simpson. . . Its ostensible object is to resurrect what he calls the "classical tradition" emanating from Adam Smith and distinguish it not only from Keynesian economics but also from today's mainstream known to aficionados as the "neoclassical" orthodoxy. Without going into academic details, this orthodoxy stands accused of replacing a theory of relative prices (how many loaves will buy a pullover) with a more sophisticated account of economic growth, and of foisting on us a theory of "rational expectations" that are anything but rational.' Samuel Brittan, Financial Times 'This book puts human beings back at the heart of the economic process. It shows how this classical, human-centred tradition, stretching from Adam Smith onward, gives us a much better understanding of economic events and what to do about them than the mechanistic, mathematical models of too many economists and planners today.' Eamonn Butler, The Adam Smith Institute, UK 'David Simpson writes about key economic issues with admirable lucidity. He draws deeply on experience as well as on his knowledge of economic theory.' Asa Briggs David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary. The book shows the common principles that connect the early classical school, the Austrian school and complexity theory in a single line of thought. It goes on to show how these principles can be applied to explain the characteristic features of a market economy namely incessant change, growth, the business cycle and the market process itself and argues that static equilibrium theory, whether neoclassical or neo-Keynesian, cannot satisfactorily account for these phenomena. This fascinating book will provide a stimulating read for academics, postgraduate students and all those with an interest in economic theory and economic policy.

Adaptive Processes in Economic Systems

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Publisher : Elsevier
ISBN 13 : 1483264076
Total Pages : 224 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Adaptive Processes in Economic Systems by : Roy E. Murphy

Download or read book Adaptive Processes in Economic Systems written by Roy E. Murphy and published by Elsevier. This book was released on 2016-06-03 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematics in Science and Engineering, Volume 20, Adaptive Processes in Economic Systems demonstrates the usefulness of communications theory, self-adaptive control theory, and thermodynamic theory to certain economic processes. This book discusses the common properties of adaptive processes, role of the decision maker, and mixed adaptive processes of the first and second kind. The economic environmental processes, concept of entropy time, and stochastic dynamic economic process are also elaborated. This text likewise covers the investment model with full liquidity, adaptive capital allocation process, and concept of an economic state space. Other topics include the stochastic equilibrium in the market and individual adaptive behavior. This volume is suitable for engineers, economists, and specialists of disciplines related to economic systems.

The Adaptive Economy

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Publisher :
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Adaptive Economy by : Calestous Juma

Download or read book The Adaptive Economy written by Calestous Juma and published by . This book was released on 1993 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Complex Adaptive Innovation Systems

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Publisher :
ISBN 13 : 9780203126615
Total Pages : 0 pages
Book Rating : 4.1/5 (266 download)

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Book Synopsis Complex Adaptive Innovation Systems by : Philip N. Cooke

Download or read book Complex Adaptive Innovation Systems written by Philip N. Cooke and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading up to the financial crisis of 2008 and onwards, the shortcomings of traditional models of regional economic and environmental development had become increasingly evident. Rooted in the idea that OCypolicyOCO is an encumbrance to free markets, the stress on supply-side smoothing measures such as clusters and an over reliance on venture capital, the inadequacy of existing orthodoxies has come to be replaced by the notion of Transversality. This approach has three strong characteristics that differentiate it from its failing predecessor. First, as the name implies, it seeks to finesse horizontal knowledge interactions as well as vertical ones, thus building OCyplatformsOCO of industrial interaction. Secondly, it is not a supply, but a demand side model in which needs-driven innovation rather than pure market competition prevails. Finally, it is ongoing through recessionary times, being more robust than over-specialised approaches to economic growth. The intellectual origins of Transversality lie in an aspiration to promote eco-innovation, one of the key hopes of assisting Western regional and national economies to re-balance and escape recession. The policy models of key regional exponents of the concept are explored and their goals achievement is assessed. An array of policy instruments and measures is presented for hands-on policy implementation. The book will be of vital interest to academics as teachers and researchers as well as policy advisers and public servants."

Economic Development and the Adaptive Economy

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Publisher :
ISBN 13 : 9780850031263
Total Pages : 53 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Economic Development and the Adaptive Economy by : Tony Killick

Download or read book Economic Development and the Adaptive Economy written by Tony Killick and published by . This book was released on 1989 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: