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Evolutionary Economics Of Technological Change
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Book Synopsis Evolutionary Theories of Economic and Technological Change by : (Pier) Paolo Saviotti
Download or read book Evolutionary Theories of Economic and Technological Change written by (Pier) Paolo Saviotti and published by Routledge. This book was released on 2018-03-29 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis An Evolutionary Theory of Economic Change by : Richard R. Nelson
Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Modern Evolutionary Economics by : Richard R. Nelson
Download or read book Modern Evolutionary Economics written by Richard R. Nelson and published by Cambridge University Press. This book was released on 2018-05-03 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of Richard Nelson and Sidney Winter's seminal book, An Evolutionary Theory of Economic Change, first published in 1982. In this long-awaited follow-up, Nelson is joined by leading figures in the field of evolutionary economics, reviewing in detail how this perspective has been manifest in various areas of economic inquiry where evolutionary economists have been active. Providing the perfect overview for interested economists and social scientists, readers will learn how in each of the diverse fields featured, evolutionary economics has enabled an improved understanding of how and why economic progress occurs.
Book Synopsis Modern Evolutionary Economics by : Richard R. Nelson
Download or read book Modern Evolutionary Economics written by Richard R. Nelson and published by Cambridge University Press. This book was released on 2018-05-03 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the evolutionary perspective of the economy as perpetually moving, driven by innovation, and the empirical research this has guided.
Book Synopsis Technological Evolution, Variety, and the Economy by : Paolo Saviotti
Download or read book Technological Evolution, Variety, and the Economy written by Paolo Saviotti and published by Edward Elgar Publishing. This book was released on 1996 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text discusses the fundamental role played by qualitative change in economic development and the contribution made by technological change and innovation.
Book Synopsis Evolutionary Economics: Program and Scope by : Kurt Dopfer
Download or read book Evolutionary Economics: Program and Scope written by Kurt Dopfer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evolutionary Economics: Program and Scope offers a fresh look at the paradigmatic foundations and basic theoretical propositions of economics. Twelve authors - each of them with his own distinct contribution to economics - make a step forward by reinterpreting major areas of micro and macroeconomics in line with modern evolutionary thinking. This volume offers a unified approach to economics that allows recent developments in various strands of Evolutionary Economics to be integrated and major positions of Neoclassical Economics to be reconsidered. The chapters on `Evolutionary Macro Economics' explore macro areas such as the division of labor and knowledge, technology and institutions, population thinking, meso economics, techno-economic trajectories and industrial sectors. By telescoping structure into time, they highlight the processes of structural change and co-evolution between technologies and institutions, and provide a causal-explanatory core for a modern - evolutionary - theory of economic growth and economic development. The chapters on `Evolutionary Micro Economics' offer insights into the knowledge based theories of the firm and take up the issues of cognitive and behavioral routines. The contributions explore the processes of complex human choice, creativity, and adaptation in selective and path-dependent environments. The discussions make an essential contribution to the cognitive and behavioral foundations of a modern institutional economics.
Book Synopsis Evolutionary Economics of Technological Change by :
Download or read book Evolutionary Economics of Technological Change written by and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook on the Economic Complexity of Technological Change by : Cristiano Antonelli
Download or read book Handbook on the Economic Complexity of Technological Change written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Evolutionary and Neo-Schumpeterian Approaches to Economics by : Lars Magnusson
Download or read book Evolutionary and Neo-Schumpeterian Approaches to Economics written by Lars Magnusson and published by Springer. This book was released on 2007-11-23 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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).
Book Synopsis An Evolutionary Theory of Economic Change by : Richard R. Nelson
Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Richard R. Nelson and Sidney G. 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.
Book Synopsis Technological Innovation as an Evolutionary Process by : John M. Ziman
Download or read book Technological Innovation as an Evolutionary Process written by John M. Ziman and published by Cambridge University Press. This book was released on 2003-09-18 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ground-breaking yet non-technical analysis of the analogy that technological artefacts 'evolve' like biological organisms.
Book Synopsis Systems of Innovation by : Christopher Freeman
Download or read book Systems of Innovation written by Christopher Freeman and published by Edward Elgar Publishing. This book was released on 2008 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This set of essays by Chris Freeman, founder of SPRU and one of the pioneers of innovation studies, will be of interest to anyone wanting to gain a deeper understanding of technical and social change.
Book Synopsis Technological Transitions and System Innovations by : Frank W. Geels
Download or read book Technological Transitions and System Innovations written by Frank W. Geels and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book addresses how long term and large scale shifts from one socio-technical system to another come about, using insights from evolutionary economics, sociology of technology and innovation studies. These major changes involve not just technological changes, but also changes in markets, regulation, culture, industrial networks and infrastructure. The book develops a multi-level perspective, arguing that transitions take place through the alignment of multiple processes at three levels: niche, regime and landscape. This perspective is illustrated by detailed historical case studies: the transition from sailing ships to steamships, the transition from horse-and-carriage to automobiles and the transition from propeller-piston engine aircraft to turbojets. This book will be of great interest to researchers in innovation studies, evolutionary economics, sociology of technology and environmental studies. It will also be useful for policy makers involved in long-term sustainability and systems transitions issues.
Book Synopsis Technological Change and Industrial Transformation by : Vicky Xiaoyan Long
Download or read book Technological Change and Industrial Transformation written by Vicky Xiaoyan Long and published by Routledge. This book was released on 2021-08-18 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial transformation is a research and teaching field with a focus on the phenomenon and mechanisms of industrial development and renewal. It concerns changes in economic activities caused by innovation, competition and collaboration, and has a rich heritage of evolutionary economics, institutional economics, industrial dynamics, technology history and innovation studies. It borrows concepts and models from the social sciences (sociology, history, political sciences, business/management, economics, behavioural sciences) and also from technology and engineering studies. In this book, the authors present the key theories, frameworks and concepts of industrial transformation and use empirical cases to describe and explain the causes, processes and outcomes of transformation in the context of digitalization and sustainability. They stress that industrial transformation consists both of Darwinian "survival of the fittest" selection, and of intentional pursuits of innovation, and of industrial capabilities creation. The work argues that managing the global trends of transformation is not only about new technology and innovation: existing institutional settings and dynamic interactions between technological change, organizational adaptation and economic activities also have a profound impact on future trajectories. The areas under investigation are of great relevance for strategic management decisions and industrial and technology policies, and understanding the mechanisms underlying transformation and sustainable growth.
Book Synopsis Technological Change and Company Strategies by : Rod Coombs
Download or read book Technological Change and Company Strategies written by Rod Coombs and published by Academic Press. This book was released on 1992 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neoclassical economics, in particular the orthodox theory of the firm, offers little insight into the question of company strategy. It contributes even less to the understanding of the strategic management of technological change. In this volume, a number of international scholars from a variety of related disciplines explore the possibility of a more unified approach to linking company strategy and technological change. Each author examines the contributions from his own discipline, (economics, sociology, organization and systems theory), in order to build new multidisplinary theories of the firm, which will contribute to the debate surrounding the effects of new technology on company strategy and economic growth. Key Features * Links evolutionary economics to sociological analysis * Presents new case studies featuring this synthesis
Book Synopsis Evolutionary Economics and the New International Political Economy by : John De la Mothe
Download or read book Evolutionary Economics and the New International Political Economy written by John De la Mothe and published by Psychology Press. This book was released on 1996 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evolutionary economics focuses on the theory of the firm, organizational behavior and the role of technological change to reassess in a non-orthodox way the factors which motivate firms and individuals on a national and international level. With the heightened level of economic interaction, modern socio-economies are increasingly being shaped by their trade patterns and their innovation activities. In recent years it has become equally clear that standard neo-classical and fashionable "public choice" approaches to trade and economic growth are incapable of explaining the current "drift" of capitalist economies, or of guiding, in any practical way, the formulation of either publication innovation and trade policies or corporate strategies. The evolutionary approach is gaining currency amongst academics in business and management studies, as it embraces political and philosophical debates about the economy. This text brings together leading authorities in the field to examine and explain in a lucid, clear andauthoritative way the changing nature of relations within and between national economies.
Book Synopsis Innovation, Economics and Evolution by : Peter H. Hall
Download or read book Innovation, Economics and Evolution written by Peter H. Hall and published by . This book was released on 1994 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
