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This chapter reviews and integrates much of what has been learned on the processes of technological evolution, their … main features, and their effects on the evolution of industries. First, we map and integrate the various pieces of evidence … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …
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properties regarding the impact on problem-solving efficiency and learning of different forms of hierarchical governance, the … development of a comparative institutional analysis addressing the distinct properties of different forms of organization and …
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In this work we analyze the characteristics and dynamics of organizations wherein members diverge in terms of capabilities and visions they hold, and interests which they pursue. How does society put together such distributed and possibly coflicting knowledge? The question is "Hayekian" in its...
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This paper builds upon a view of economic system and individual economic organization as problem-solving arrangements and presents a simple model of adaptive problem-solving driven by trial-and-error and collective selection. The institutional structure, and in particular its degree of...
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