Showing 11 - 20 of 22
In this note we develop principles for forecasting economies viewed as evolving networks formed by individuals acting on the basis of their psychology and social position following Markey-Towler (2016). We review the basic formal apparatus required to understand economies as such before using...
Persistent link: https://www.econbiz.de/10012964507
This paper proposes a model of the psychology of behaviour in which theories of economic behaviour based on the assumption of substitutability may coexist with theories based on the assumption of non-substitutability. The whole spectrum of possibilities for substitutability between courses of...
Persistent link: https://www.econbiz.de/10012955966
This paper makes use of evolutionary, institutional and behavioural economics to develop a theory of the non-survival of dominant socioeconomic organisations with market power – the failure of monopolies. Using New Institutional Economics we demonstrate the necessity of hierarchy in massive...
Persistent link: https://www.econbiz.de/10012925597
In this paper we develop a theory of the psychological preconditions for greater survival in complex evolving socioeconomic systems ordered by radically uncertain institutions. We introduce the notion of the antifragile personality, whose personal knowledge of how and why to act in the world...
Persistent link: https://www.econbiz.de/10012926539
For the past century economists have proposed a suite of theories relating to industrial dynamics, technological change and innovation. There has been an implication in these models that the institutional environment is stable. However, a new class of institutional technologies — most notably...
Persistent link: https://www.econbiz.de/10012899589
We propose that a deeper integration still between psychology and evolutionary economics has value to offer by offering us a deeper perspective on the dynamics that underlie the behaviour that drives evolutionary change. We introduce psychological perspectives on the behaviour whereby change is...
Persistent link: https://www.econbiz.de/10012844590
In this paper we apply institutional cryptoeconomics to the information problems in global trade networks, model the incentives under which blockchain-based supply chain infrastructure will be built, and make predictions about the future of supply chain governance. We propose that blockchain...
Persistent link: https://www.econbiz.de/10012850669
The EU General Data Protection Regulation (GDPR) is a wide ranging personal data protection regime of greater magnitude than any similar regulation previously in the EU, or elsewhere. In this paper, we outline how the GDPR impacts the value of data held by data collectors before proposing some...
Persistent link: https://www.econbiz.de/10012852514
We apply the perspectives of social ontology and the “Brisbane Club” of evolutionary economists to characterise the economics of artificial intelligence technology. We consider the nature of artificial intelligence and defend the notion that it is a technology which seeks to replicate the...
Persistent link: https://www.econbiz.de/10012934802
In this paper we provide a brief survey of the potential of blockchain technology to propel a process of private entrepreneurial discovery of institutions that challenge state hegemony. Entrepreneurs now have access to new tools to develop decentralised private governance across areas which have...
Persistent link: https://www.econbiz.de/10012850633