Showing 1 - 10 of 444
This paper draws on institutional and evolutionary economics and contributes to an approach to environmental policy which diverges from mainstream prescriptions. The 'socio-technical system' is the core concept: this is a complex made of co-evolving institutions, technologies, markets and actors...
Persistent link: https://www.econbiz.de/10009647427
The paper presents the analysis of recent developments of Schumpeterian theory of entrepreneurship and innovation in …
Persistent link: https://www.econbiz.de/10011212782
) and the complex systems evolutionary economics (EE) to address issues related to innovation processes, technological … of socio-technical systems of production and innovation. Finally, it provides a perspective of generality and scope, an … concepts in the context of the functioning of socio-technical systems of production and innovation. Then as a closure raises …
Persistent link: https://www.econbiz.de/10009322648
function of quantity. This modification provides an opportunity to see innovation and transformation of consumer preferences in … the demand perspective. Innovation is seen as a change in sequence of memes in economic products, while the transformation …
Persistent link: https://www.econbiz.de/10008548835
The article presents a critical review of evolutionary and new growth theories. The purpose is to discuss the often-made claim that the two approaches, both inspired by Schumpeter’s seminal work, are becoming more and more similar in terms of the sources and mechanisms of the growth process on...
Persistent link: https://www.econbiz.de/10008765928
The article discusses a critical realist interpretation of evolutionary growth theorising by focusing on some of its basic characteristics. The evolutionary ontology is complex, differentiated, structured, systemic, open, ever-changing, and radically uncertain. Its methodology tends to be...
Persistent link: https://www.econbiz.de/10008765936
Moore suggested an exponential growth of the number of transistors in integrated electronic circuits. In this paper, Moore’s law is derived from a preferential growth model of successive production technology generations. The theory suggests that products manufactured with a new production...
Persistent link: https://www.econbiz.de/10011258822
The aim of this work is to establish the personal income distribution from the elementary constituents of a free market; products of a representative good and agents forming the economic network. The economy is treated as a self-organized system. Based on the idea that the dynamics of an economy...
Persistent link: https://www.econbiz.de/10011260210
Traditional macroeconomics and agent-based simulation (ABS) seem to be two disjunctive worlds, two different sprachspiele in the sense of Wittgenstein. It is not just the fact that macroeconomics has a long and distinguished history that on top of more than 200 years of discourse has recently...
Persistent link: https://www.econbiz.de/10011260233
This essay argues that articles in economics, especially in the fields of evolutionary and institutional economics, are as much cited in biology as in economics. The citation analysis conducted in the essay suggests that economics is now becoming the Mecca of biology.
Persistent link: https://www.econbiz.de/10011260607