New knowledge with potential commercial value is created, replicated, and transferred in adistributed manner. The highly systemic nature of knowledge production and the need for anyknowledge to be individually acquired and expressed in order to produce an effect, jointlyconstrain the dynamics of...

The emergence of novelty is a driving agent for economic change. New technologies, new productsand services, new institutional arrangements, to mention a few examples, are the backbone ofdevelopment and growth. Important though it is, the emergence of novelty is not well understood.What seems to...

Twentieth century demand theory is an outgrowth of the revision of the utilitarian program undertakenby Jevons (1879) in the so-called marginalist revolution. In the original, Benthamite version, theutilitarian program was based on a naturalistic, hedonic theory of behavior. Utility was...