Showing 1 - 10 of 20
Persistent link: https://www.econbiz.de/10011253728
The creative industries are key drivers of modern economies. While economic analysis has traditionally advanced a market-failure model of arts and culture, this book argues for an evolutionary market dynamics or innovation-based approach. The book explores theoretical and conceptual aspects of...
Persistent link: https://www.econbiz.de/10011254052
This three volume set gathers together selected key articles in evolutionary economics, ordering these into the domains of micro analysis (concerned with agents), meso analysis (concerned with rule populations and trajectories) and macro analysis (concerned with the structure and development of...
Persistent link: https://www.econbiz.de/10011254145
This highly innovative and original book proposes evolutionary microeconomics as a synthesis of the collective schools of heterodox economic thought with complex systems theory and graph theory.
Persistent link: https://www.econbiz.de/10011254230
Blockchains are an institutional technology for facilitating decentralised exchange. As open-source software, anybody can develop their own blockchain, ‘fork’ an existing blockchain, or stack a new blockchain on top of an existing one - creating a new environment for exchange with its own...
Persistent link: https://www.econbiz.de/10014112425
We address the question of the nature of evolutionary economics as an empirical science. We argue that economics is both a qualitative science (at the generic level) and a quantitative science (at the operational level). We map out how the generic approach provides a framework for empirical...
Persistent link: https://www.econbiz.de/10013001680
Innovation policy is normally evaluated from the welfare perspective of market failure, and therefore focuses on social benefits. This paper adapts the Djankov et al. (2003) model of comparative social costs associated with any institution to analyse the specific institutions of innovation...
Persistent link: https://www.econbiz.de/10013028074
In modern innovation economics, the underlying economic problems are market failure in private investment in new ideas, along with the coordination problems and the disruptive consequences of innovation. Innovation policy addresses the innovation problem with government action. Drawing upon the...
Persistent link: https://www.econbiz.de/10012982663
Identity is an integral part of all but the most trivial economic, social and political transactions. Using transaction cost economics, we determine that identity costs are a distinct and measurable subset of transaction costs. In certain transactions, such as credit arrangements, identity costs...
Persistent link: https://www.econbiz.de/10012920188
What are the long-run economic and policy consequences of wide-spread blockchain technology adoption? We examine the structural economic effects of this institutional innovation as disintermediation in markets, dehierarchicalisation of organisations, and growing private provision of economic...
Persistent link: https://www.econbiz.de/10012906676