Evolutionary Economics And The New International Political Economy

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An Evolutionary Theory of Economic Change

Author : Richard R. Nelson
Publisher : Harvard University Press
ISBN 13 : 9780674041431
Total Pages : 456 pages
Book Rating : 4.0/5 (414 download)

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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.

Evolutionary Economics and the New International Political Economy

Author : John De la Mothe
Publisher : Psychology Press
ISBN 13 : 9781855671577
Total Pages : 344 pages
Book Rating : 4.6/5 (715 download)

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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.

The Theoretical Evolution of International Political Economy

Author : George T. Crane
Publisher : Oxford University Press, USA
ISBN 13 : 9780195094435
Total Pages : 354 pages
Book Rating : 4.0/5 (944 download)

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Book Synopsis The Theoretical Evolution of International Political Economy by : George T. Crane

Download or read book The Theoretical Evolution of International Political Economy written by George T. Crane and published by Oxford University Press, USA. This book was released on 1997 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of classic and contemporary readings charts the historical and theoretical evolution of the field. This is a valuable resource for students and teachers of international relations and international economics.

The American Political Economy

Author : Marc Allen Eisner
Publisher : Routledge
ISBN 13 : 113461280X
Total Pages : 321 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis The American Political Economy by : Marc Allen Eisner

Download or read book The American Political Economy written by Marc Allen Eisner and published by Routledge. This book was released on 2013-12-17 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy debates are often grounded within the conceptual confines of a state-market dichotomy, as though the two existed in complete isolation. In this innovative text, Marc Allen Eisner portrays the state and the market as inextricably linked, exploring the variety of institutions subsumed by the market and the role that the state plays in creating the institutional foundations of economic activity. Through a historical approach, Eisner situates the study of American political economy within a larger evolutionary-institutional framework that integrates perspectives in American political development and economic sociology. This volume provides a rich understanding of the complexity of U.S. economic policy, explaining how public policies become embedded in bureaucracy and reinforced by organized beneficiaries and public expectations. This path-dependent layering process helps students better understand the underlying historical dynamics, which provide a clearer sense of the constraints faced by policymakers now and in the future. The revisions to the second edition include: Complete rewrite of the chapter on the recent financial crisis, adding in commentary on the debt ceiling, the fiscal cliff, and other recent events. New material added and existing material updated in the chapter discussing the two welfare states. Extensive updates to the coverage of the global economy Expanded and updated discussion of Obama’s economic policies. Updates to figures and data throughout the text.

Global Political Economy

Author : Ronen Palan
Publisher : Psychology Press
ISBN 13 : 0415204887
Total Pages : 310 pages
Book Rating : 4.4/5 (152 download)

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Book Synopsis Global Political Economy by : Ronen Palan

Download or read book Global Political Economy written by Ronen Palan and published by Psychology Press. This book was released on 2000 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The text aims to provide succinct summaries of topical, wide-ranging issues and controversies, presenting a compact guide which should be of use to students and lecturers in IPE and international relations.

Evolutionary Economic Geography

Author : Miroslav Jovanovic
Publisher : Routledge
ISBN 13 : 1134098464
Total Pages : 511 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Evolutionary Economic Geography by : Miroslav Jovanovic

Download or read book Evolutionary Economic Geography written by Miroslav Jovanovic and published by Routledge. This book was released on 2008-10-07 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to provide a guided tour through the theoretical foundations of spatial locations of firms and industries in an evolutionary economic framework. It addresses the issues of how a location of business in geographical space is selected and where economic activity may (re)locate in the future. The analysis is in the context

Global Political Economy

Author : Robert O'Brien
Publisher : Bloomsbury Publishing
ISBN 13 : 1352009501
Total Pages : 442 pages
Book Rating : 4.3/5 (52 download)

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Book Synopsis Global Political Economy by : Robert O'Brien

Download or read book Global Political Economy written by Robert O'Brien and published by Bloomsbury Publishing. This book was released on 2020-04-03 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering an accessible introduction to both the historical roots and the contemporary dynamics of today's world economy, the extensively revised sixth edition of this bestselling textbook continues to lead the way in equipping students with the knowledge required to make sense of the fast-paced discipline of Global Political Economy. Illustrating the breadth of the subject, the book's authors – both highly regarded experts in the field – show how the national and international interact, while also placing an emphasis on the historical evolution of the world economy in order to appreciate the nuances of today's economic structures. The global economy is traced from the Industrial Revolution through each phase of a shifting world order to the modern day. Then follows an engaging exploration of the dynamics of today's economy, including: trade, production, finance, labour, gender, development, the environment, security and governance. This takes into account the latest developments in the global economy, from automation and the challenges posed to the labour force, to artificial intelligence and the increasing complex, global supply chains of modern transnational firms. This is the most authoritative and accessible textbook on global political economy, making it the ideal companion for students at undergraduate and postgraduate levels, on politics, international relations and related degrees. New to this Edition: - Extensively updated to feature the latest empirical developments, including rising economic nationalism, US trade wars with China, and populism. - Brand new boxed features illustrate the latest dynamics, including the impact of digital technologies, artificial intelligence and automation, and the growth and consequences of increasing inequality. - Greater coverage of the sustained threats to the liberal international order and likely future scenarios.

Microfoundations of Evolutionary Economics

Author : Yoshinori Shiozawa
Publisher : Springer
ISBN 13 : 4431552677
Total Pages : 360 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Microfoundations of Evolutionary Economics by : Yoshinori Shiozawa

Download or read book Microfoundations of Evolutionary Economics written by Yoshinori Shiozawa and published by Springer. This book was released on 2019-06-27 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and quantity adjustment processes. Evolutionary economics has rightly and successfully concentrated its efforts on explaining evolutionary processes in technology and institutions. However, it does not have its own value theory and is not capable of explaining the workings of everyday economics processes, in which any evolutionary process would take place. Our point of departure is the addition of myopic agents with severely limited rational and forecasting capacities (in stark contrast to mainstream economics). We show how myopic agents, in a complex world, can produce a stable price system and demonstrate how they can adjust their production to changing demand flows. Agents behave without any knowledge of the overall process, and they generate a stable economy as large as the global network of exchanges. This is the true “miracle” of the market mechanism. In contrast to mainstream general equilibrium theory, this miracle can be explained without the need for an auctioneer or infinitely rational agents. Thanks to this book, evolutionary economics can now claim to be an independent approach to economics that can completely replace mainstream neoclassical economics.

Modern Evolutionary Economics

Author : Richard R. Nelson
Publisher : Cambridge University Press
ISBN 13 : 1108660789
Total Pages : 285 pages
Book Rating : 4.1/5 (86 download)

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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.

The Oxford Handbook of the Political Economy of International Trade

Author : Lisa L. Martin
Publisher : Oxford Handbooks
ISBN 13 : 0199981752
Total Pages : 577 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis The Oxford Handbook of the Political Economy of International Trade by : Lisa L. Martin

Download or read book The Oxford Handbook of the Political Economy of International Trade written by Lisa L. Martin and published by Oxford Handbooks. This book was released on 2015 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of the Political Economy of International Trade surveys the literature on the politics of international trade and highlights the most exciting recent scholarly developments. The Handbook is focused on work by political scientists that draws extensively on work in economics, but is distinctive in its applications and attention to political features; that is, it takes politics seriously. The Handbook's framework is organized in part along the traditional lines of domestic society-domestic institutions - international interaction, but elaborates this basic framework to showcase the most important new developments in our understanding of the political economy of trade. Within the field of international political economy, international trade has long been and continues to be one of the most vibrant areas of study. Drawing on models of economic interests and integrating them with political models of institutions and society, political scientists have made great strides in understanding the sources of trade policy preferences and outcomes. The 27 chapters in the Handbook include contributions from prominent scholars around the globe, and from multiple theoretical and methodological traditions. The Handbook considers the development of concepts and policies about international trade; the influence of individuals, firms, and societies; the role of domestic and international institutions; and the interaction of trade and other issues, such as monetary policy, environmental challenges, and human rights. Showcasing both established theories and findings and cutting-edge new research, the Handbook is a valuable reference for scholars of political economy.

The Oxford Handbook of Political Economy

Author : Barry R. Weingast
Publisher : Oxford University Press, USA
ISBN 13 : 0199548471
Total Pages : 1112 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis The Oxford Handbook of Political Economy by : Barry R. Weingast

Download or read book The Oxford Handbook of Political Economy written by Barry R. Weingast and published by Oxford University Press, USA. This book was released on 2008-06-19 with total page 1112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.

The Evolutionary Foundations of Economics

Author : Kurt Dopfer
Publisher : Cambridge University Press
ISBN 13 : 9781139443234
Total Pages : 604 pages
Book Rating : 4.4/5 (432 download)

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Book Synopsis The Evolutionary Foundations of Economics by : Kurt Dopfer

Download or read book The Evolutionary Foundations of Economics written by Kurt Dopfer and published by Cambridge University Press. This book was released on 2005-05-23 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely recognised that mainstream economics has failed to translate micro consistently into macro economics and to provide endogenous explanations for the continual changes in the economic system. Since the early 1980s, a growing number of economists have been trying to provide answers to these two key questions by applying an evolutionary approach. This new departure has yielded a rich literature with enormous variety, but the unifying principles connecting the various ideas and views presented are, as yet, not apparent. This 2005 volume brings together fifteen original articles from scholars - each of whom has made a significant contribution to the field - in their common effort to reconstruct economics as an evolutionary science. Using meso economics as an analytical entity to bridge micro and macro economics as well as static and dynamic realms, a unified economic theory emerges.

Kicking Away the Ladder

Author : Ha-Joon Chang
Publisher : Anthem Press
ISBN 13 : 0857287613
Total Pages : 196 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis Kicking Away the Ladder by : Ha-Joon Chang

Download or read book Kicking Away the Ladder written by Ha-Joon Chang and published by Anthem Press. This book was released on 2002-07-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.

Complexity and Evolution

Author : David S. Wilson
Publisher : MIT Press
ISBN 13 : 0262035383
Total Pages : 409 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Complexity and Evolution by : David S. Wilson

Download or read book Complexity and Evolution written by David S. Wilson and published by MIT Press. This book was released on 2016-08-19 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: An exploration of how approaches that draw on evolutionary theory and complexity science can advance our understanding of economics. Two widely heralded yet contested approaches to economics have emerged in recent years: one emphasizes evolutionary theory in terms of individuals and institutions; the other views economies as complex adaptive systems. In this book, leading scholars examine these two bodies of theory, exploring their possible impact on economics. Relevant concepts from evolutionary theory drawn on by the contributors include the distinction between proximate and ultimate causation, multilevel selection, cultural change as an evolutionary process, and human psychology as a product of gene-culture coevolution. Applicable ideas from complexity theory include self-organization, fractals, chaos theory, sensitive dependence, basins of attraction, and path dependence. The contributors discuss a synthesis of complexity and evolutionary approaches and the challenges that emerge. Focusing on evolutionary behavioral economics, and the evolution of institutions, they offer practical applications and point to avenues for future research. Contributors Robert Axtell, Jenna Bednar, Eric D. Beinhocker, Adrian V. Bell, Terence C. Burnham, Julia Chelen, David Colander, Iain D. Couzin, Thomas E. Currie, Joshua M. Epstein, Daniel Fricke, Herbert Gintis, Paul W. Glimcher, John Gowdy, Thorsten Hens, Michael E. Hochberg, Alan Kirman, Robert Kurzban, Leonhard Lades, Stephen E. G. Lea, John E. Mayfield, Mariana Mazzucato, Kevin McCabe, John F. Padgett, Scott E. Page, Karthik Panchanathan, Peter J. Richerson, Peter Schuster, Georg Schwesinger, Rajiv Sethi, Enrico Spolaore, Sven Steinmo, Miriam Teschl, Peter Turchin, Jeroen C. J. M. van den Bergh, Sander E. van der Leeuw, Romain Wacziarg, John J. Wallis, David S. Wilson, Ulrich Witt

The American Political Economy

Author : Jacob S. Hacker
Publisher : Cambridge University Press
ISBN 13 : 1316516369
Total Pages : 487 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis The American Political Economy by : Jacob S. Hacker

Download or read book The American Political Economy written by Jacob S. Hacker and published by Cambridge University Press. This book was released on 2021-11-11 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.

Institutions, Institutional Change and Economic Performance

Author : Douglass C. North
Publisher : Cambridge University Press
ISBN 13 : 9780521397346
Total Pages : 164 pages
Book Rating : 4.3/5 (973 download)

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Book Synopsis Institutions, Institutional Change and Economic Performance by : Douglass C. North

Download or read book Institutions, Institutional Change and Economic Performance written by Douglass C. North and published by Cambridge University Press. This book was released on 1990-10-26 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.

The Evolution of Path Dependence

Author : Lars Magnusson
Publisher : Edward Elgar Publishing
ISBN 13 : 1848449267
Total Pages : 239 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis The Evolution of Path Dependence by : Lars Magnusson

Download or read book The Evolution of Path Dependence written by Lars Magnusson and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The notion and interpretation of path dependence have been discussed and utilized in various social sciences during the last two decades. This innovative book provides significant new insights onto how the different applications of path dependence have developed and evolved. The authors suggest that there has been a definite evolution from applications of path dependence in the history of technology towards other fields of social science. They also discuss the various definitions of path dependence (strong or weak) and explore the potential applications of path dependence in new areas such as political economy and economic geography. With new perspectives on how the debate surrounding path dependence has evolved, this book will strongly appeal to postgraduate students and scholars of economic history, economic geography, political science and business studies.