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The Evolutionary Complexity Of Endogenous Innovation
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Book Synopsis The Evolutionary Complexity of Endogenous Innovation by : Cristiano Antonelli
Download or read book The Evolutionary Complexity of Endogenous Innovation written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on 2018 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Endogenous Innovation by : Cristiano Antonelli
Download or read book Endogenous Innovation written by Cristiano Antonelli and published by Edward Elgar Publishing. This book was released on 2017 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Evolution of Economic and Innovation Systems by : Andreas Pyka
Download or read book The Evolution of Economic and Innovation Systems written by Andreas Pyka and published by Springer. This book was released on 2015-03-03 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is at the cutting edge of the ongoing ‘neo-Schumpeterian’ research program that investigates how economic growth and its fluctuation can be understood as the outcome of a historical process of economic evolution. Much of modern evolutionary economics has relied upon biological analogy, especially about natural selection. Although this is valid and useful, evolutionary economists have, increasingly, begun to build their analytical representations of economic evolution on understandings derived from complex systems science. In this book, the fact that economic systems are, necessarily, complex adaptive systems is explored, both theoretically and empirically, in a range of contexts. Throughout, there is a primary focus upon the interconnected processes of innovation and entrepreneurship, which are the ultimate sources of all economic growth. Twenty two chapters are provided by renowned experts in the related fields of evolutionary economics and the economics of innovation.
Book Synopsis Foundations of Economic Change by : Andreas Pyka
Download or read book Foundations of Economic Change written by Andreas Pyka and published by Springer. This book was released on 2017-11-15 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Elgar Encyclopedia on the Economics of Knowledge and Innovation by : Antonelli, Cristiano
Download or read book Elgar Encyclopedia on the Economics of Knowledge and Innovation written by Antonelli, Cristiano and published by Edward Elgar Publishing. This book was released on 2022-10-14 with total page 579 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Economics of Innovation by : Cristiano Antonelli
Download or read book The Economics of Innovation written by Cristiano Antonelli and published by . This book was released on 2008 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 China's Quest for Innovation by : Shuanping Dai
Download or read book China's Quest for Innovation written by Shuanping Dai and published by Routledge. This book was released on 2019-11-06 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from a catching-up style economy to an innovation-driven economy poses a major challenge for China. This book examines the major issues at stake, outlines developments in crucial business fields and industries, and discusses the roles of top-down politics and bottom-up entrepreneurship. It focuses in particular on the institutional foundations of innovation, arguing that successful innovation relies on the favourable interplay of business, politics, and society, and that comprehensive institutional and organizational changes will be required in China in order for innovation to succeed. Overall, the book assesses how far China will be able to depart from the Western paradigm of successful innovation regimes and create its own innovation system with Chinese characteristics.
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 Innovation, Complexity and Economic Evolution by : Pier Paolo Saviotti
Download or read book Innovation, Complexity and Economic Evolution written by Pier Paolo Saviotti and published by Taylor & Francis. This book was released on 2023-03-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: If evolutionary economics is to compete with neoclassical economics as a general-purpose economic theory, it needs to incorporate new aspects of socioeconomic reality, such as institutions of all types, including technical, scientific, and political. Furthermore, evolutionary economics needs to be able to provide policy implications at least as interesting as those of neoclassical economics. Thus, as this book argues, evolutionary economics must become evolutionary political economy. Innovation plays a central role in the book, but not in the sense of providing a technologically determinist interpretation. Rather, the book argues that innovations do not emerge in isolation from other components of socioeconomic systems but coevolve with institutions, infrastructures and organizational forms. This concept of coevolution is absolutely central in the book and provides a link with theories of complexity. In addition to providing an epistemological basis for evolutionary economics, the link with complexity and coevolution offers the connection with evolutionary political economy. Innovations and technologies do not emerge and develop in an institutional vacuum, but interact with existing institutions and reshape them, in addition to inducing the formation of new institutions. In this process, technologies and institutions reinforce each other providing a potential mechanism to transform socioeconomic systems. The book also explores the policy implications of these innovative societies, where wealth is created but unequally distributed. The book is addressed to open-minded economists, social scientists who are dissatisfied with the approach of neoclassical economics, technologists and policy makers.
Book Synopsis The Knowledge Growth Regime by : Cristiano Antonelli
Download or read book The Knowledge Growth Regime written by Cristiano Antonelli and published by Springer. This book was released on 2019-03-16 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘This important new book provides a penetrating, novel analysis of the key role played by knowledge when viewed through the lens of Schumpeterian economics. It is loaded with important insights that highlight the primacy of knowledge and innovation to unleash economic growth.’ —David B. Audretsch, Indiana University Bloomington, USA This book combines the tools elaborated by the economics of knowledge and the legacy of Joseph Schumpeter to explore the emergence of the new knowledge economy and the shift away from the manufacturing industries. Antonelli analyzes the characteristics of the innovation process as a creative response based upon the accumulation, generation and exploitation of knowledge. He highlights the new structure of advanced economies, where knowledge is at the same time the prime input and output. With special attention to the limits of the new knowledge growth regime, raised by the role of finance, income distribution and intellectual property rights, this Palgrave Pivot recommends appropriate economic policies based upon an Open Technology approach.
Book Synopsis Evolutionary Spatial Economics by : Miroslav N. Jovanović
Download or read book Evolutionary Spatial Economics written by Miroslav N. Jovanović and published by Edward Elgar Publishing. This book was released on 2020-01-31 with total page 789 pages. Available in PDF, EPUB and Kindle. Book excerpt: A crucial question in contemporary economics concerns where economic activities will locate and relocate themselves in the future. This comprehensive, innovative book applies an evolutionary framework to spatial economics, arguing against the prevailing neoclassical equilibrium model, providing important concrete and theoretical insights, and illuminating areas of future enquiry.
Book Synopsis Intergenerational Wellbeing and Public Policy by : Girol Karacaoglu
Download or read book Intergenerational Wellbeing and Public Policy written by Girol Karacaoglu and published by Springer. This book was released on 2019-01-28 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distinctive contribution of this book is the formulation of an integrated social, environmental, and economic framework for public policy. This contribution is realised through investigations and conclusions in the following four domains: a formal stylised model that provides a platform for an integrated approach to public policy; a policy-informing simulation model that can be used to operationalise the public policy insights proposed in the stylised model; the implications of introducing fundamental (or radical) uncertainty and complexity into the policy framework; and the use of viability theory to demonstrate how one can think of and implement public policy in an uncertain and complex world, when the focus of policy needs to shift to building resilience to systemic risks. The book’s stylised model is constructed by weaving together threads from the wellbeing, human needs, complex systems, sustainable development, endogenous economic growth, directed technical change, and credit-based-money literatures. Throughout, the perspective is that of a policy adviser to a "wellbeing state", as distinct from a "welfare state". The key linkages or relationships in the model are supported by empirical evidence that draws on the wider literature in related fields.
Book Synopsis Innovation, Evolution and Complexity Theory by : Koen Frenken
Download or read book Innovation, Evolution and Complexity Theory written by Koen Frenken and published by Edward Elgar Publishing. This book was released on 2006-03-29 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Creative Response by : Cristiano Antonelli
Download or read book The Creative Response written by Cristiano Antonelli and published by Cambridge University Press. This book was released on 2023-03-16 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element combines the advances of the economics of knowledge and innovation implementing the Schumpeterian notion of creative response to understand the determinants and the effects of the rate and direction of technological and organizational change and its variance across time and space, firms, and industries. The notion of creative response provides an inclusive framework that enables to highlight the crucial role of knowledge in assessing the rate and direction of technological change and to clarify that no innovation is possible without the generation of new knowledge, while the generation of new knowledge augments the chances of innovation but does not automatically yield the introduction of innovation. Firms thus are faced with several strategic decisions to make the creative response possible. The Element elaborates on the analytical core of the notion of creative response and articulates its implications for economic policy and strategic management.
Book Synopsis Design, Analysis and Applications of Renewable Energy Systems by : Ahmad Taher Azar
Download or read book Design, Analysis and Applications of Renewable Energy Systems written by Ahmad Taher Azar and published by Academic Press. This book was released on 2021-09-09 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt: Design, Analysis and Applications of Renewable Energy Systems covers recent advancements in the study of renewable energy control systems by bringing together diverse scientific breakthroughs on the modeling, control and optimization of renewable energy systems as conveyed by leading energy systems engineering researchers. The book focuses on present novel solutions for many problems in the field, covering modeling, control theorems and the optimization techniques that will help solve many scientific issues for researchers. Multidisciplinary applications are also discussed, along with their fundamentals, modeling, analysis, design, realization and experimental results. This book fills the gaps between different interdisciplinary applications, ranging from mathematical concepts, modeling, and analysis, up to the realization and experimental work. Presents some of the latest innovative approaches to renewable energy systems from the point-of-view of dynamic modeling, system analysis, optimization, control and circuit design Focuses on advances related to optimization techniques for renewable energy and forecasting using machine learning methods Includes new circuits and systems, helping researchers solve many nonlinear problems
Book Synopsis Innovation in Complex Social Systems by : Petra Ahrweiler
Download or read book Innovation in Complex Social Systems written by Petra Ahrweiler and published by . This book was released on 2013-10-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book now has something new to say about innovation analysing it in complex social systems while making innovation understandable and tractable using tools such as computational network analysis and agent-based simulation.
