Evolutionary Theories Of Economic And Technological Change PDF Download
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Author | : Richard R. Nelson |
Publisher | : Harvard University Press |
Total Pages | : 456 |
Release | : 1985-10-15 |
Genre | : Business & Economics |
ISBN | : 9780674041431 |
Download An Evolutionary Theory of Economic Change Book in PDF, ePub and Kindle
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Author | : (Pier) Paolo Saviotti |
Publisher | : Routledge |
Total Pages | : 286 |
Release | : 2018-03-29 |
Genre | : Business & Economics |
ISBN | : 1351127691 |
Download Evolutionary Theories of Economic and Technological Change Book in PDF, ePub and Kindle
Recently, evolutionary theories of economic and technological change have attracted a considerable amount of attention which reflects the problems encountered by mainstream analysis of dynamic phenomena and quantitative change. This book, originally published in 1991, develops the debate and draws on the concepts of evolutionary biology, nonequilibrium thermodynamics, systems and organization theory. While recognizing that new technology is not the cause of quantitative change, the editors claim it should play a more central role in economic theory and policy. At the same time, the ground is laid for a more generalized concept of innovation and experimentation and their relation to routine activities. The book is intended for economists.
Author | : Richard R. Nelson |
Publisher | : Cambridge University Press |
Total Pages | : 285 |
Release | : 2018-05-03 |
Genre | : Business & Economics |
ISBN | : 1108660789 |
Download Modern Evolutionary Economics Book in PDF, ePub and Kindle
Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of Richard Nelson and Sidney Winter's seminal book, An Evolutionary Theory of Economic Change, first published in 1982. In this long-awaited follow-up, Nelson is joined by leading figures in the field of evolutionary economics, reviewing in detail how this perspective has been manifest in various areas of economic inquiry where evolutionary economists have been active. Providing the perfect overview for interested economists and social scientists, readers will learn how in each of the diverse fields featured, evolutionary economics has enabled an improved understanding of how and why economic progress occurs.
Author | : Paolo Saviotti |
Publisher | : Edward Elgar Publishing |
Total Pages | : 250 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : |
Download Technological Evolution, Variety, and the Economy Book in PDF, ePub and Kindle
This text discusses the fundamental role played by qualitative change in economic development and the contribution made by technological change and innovation.
Author | : Richard R. Nelson |
Publisher | : Cambridge University Press |
Total Pages | : 285 |
Release | : 2018-05-03 |
Genre | : Business & Economics |
ISBN | : 110842743X |
Download Modern Evolutionary Economics Book in PDF, ePub and Kindle
Presents the evolutionary perspective of the economy as perpetually moving, driven by innovation, and the empirical research this has guided.
Author | : Gino Cattani |
Publisher | : Oxford University Press |
Total Pages | : 224 |
Release | : 2021-05-13 |
Genre | : Business & Economics |
ISBN | : 0192573969 |
Download New Developments in Evolutionary Innovation Book in PDF, ePub and Kindle
The growth of evolutionary thinking has had a profound impact on economic theory and related fields such as strategy and technological innovation. An important paradigm that underlies the evolutionary theory of innovation is neo-Darwinian evolution. According to this paradigm, evolution is gradualist and based on the mechanisms of variation, selection, and retention. Since the 1970s, theoretical advancements in evolutionary biology have recognised the central role of punctuated equilibrium, speciation, and exaptation. However, despite their significant influence in evolutionary biology, these advancements have been reflected only partially in evolutionary approaches to economics, strategy, and innovation. The aim of this book is to review these advancements and explore their implications, with a particular emphasis on the role of serendipity and unprestateability in innovation and novelty creation.
Author | : John M. Ziman |
Publisher | : Cambridge University Press |
Total Pages | : 404 |
Release | : 2003-09-18 |
Genre | : Science |
ISBN | : 9780521542173 |
Download Technological Innovation as an Evolutionary Process Book in PDF, ePub and Kindle
Ground-breaking yet non-technical analysis of the analogy that technological artefacts 'evolve' like biological organisms.
Author | : Richard R. Nelson |
Publisher | : Harvard University Press |
Total Pages | : 326 |
Release | : 2005-12-30 |
Genre | : Business & Economics |
ISBN | : 9780674019164 |
Download Technology, Institutions, and Economic Growth Book in PDF, ePub and Kindle
"In this book Richard R. Nelson mounts a full-blown attack on the standard neoclassical theory of economic growth, which he sees as hopelessly inadequate to explain the phenomenon. His alterative theory posits that economic growth driven by technological advance involves disequilibrium in a fundamental and continuing way. Nelson argues that an adequate theory must take into account a range of institutions, from universities to public laboratories and from government agencies to business firms and markets."--BOOK JACKET.
Author | : Lars Magnusson |
Publisher | : Springer |
Total Pages | : 323 |
Release | : 2007-11-23 |
Genre | : Business & Economics |
ISBN | : 0585351554 |
Download Evolutionary and Neo-Schumpeterian Approaches to Economics Book in PDF, ePub and Kindle
not gentle to the capitalists" (Schumpeter, 1991). Thus, by instead portraying the conflict between entreprenuerial activity and the sociology of the modern state, he came quite close to the analysis carried out by Thorstein Veblen some decades earlier, who emphasized the conflict between p- gressive technology and the institutions of a contemporary "predatory dynastic State of early modern times, superficially altered by a suffusion of democratic and parliamentary institutions" (Veblen, 1964, p. 398). Modern neo-Schumpeterian approaches have continued to build on this groundwork provided by their master. During recent years there has been a great upsurge of discussion on technology, innovations, technological regimes, etc. from the dynamic perspective provided by Schumpeter (Dosi, 1984, Rosegger, 1985; Dosi et al., 1988). Thus the search process for (t- poral) extra profits has been stressed and has been used for modelling attempts. The wider institutional framework for technological change and innovation activity has also been strongly developed more recently. Hence emphasis has grown in the study of technological and industrial regimes, path dependency, and the network approach, developed recently, that social relationships structure the opportunities and constraints that face firms and agents that, for example, carry out innovations (Snehota, 1990).
Author | : Koen Frenken |
Publisher | : Edward Elgar Publishing |
Total Pages | : 200 |
Release | : 2006-03-29 |
Genre | : Business & Economics |
ISBN | : 9781781956410 |
Download Innovation, Evolution and Complexity Theory Book in PDF, ePub and Kindle
The motivation behind this book is the desire to integrate complexity theory into economic models of technological evolution. By means of developing an evolutionary model of complex technological systems, the book contributes to the neo-Schumpetarian literature on innovation, diffusion and technological paradigms.