"The analytical challenge in such constantly shifting environments, explained Friedrich Hayek in his 1974 Nobel acceptance speech, is to understand an economy as an 'organized complexity.' Although the term 'complex systems' wasn't yet well established, Hayek recognized structures of 'essential...

Propagation of rule: a theory of economic success and stagnation -- The propagation of rule -- Historical origins of rule propagation -- Applying the theory: why the West got rich and the Middle East did not -- Bans on taking interest -- Restrictions on the printing press -- Printing & the...

"Knowledge and Industrial Development: The Stakes By "the first knowledge economy" we refer to the era of the Industrial Revolution, from roughly the 1760s to the 1850s, first in Britain and then in selected parts of northern and western Europe, with particular attention to Belgium"--