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The Evolutionary Complexity of Endogenous Innovation

Electronic books
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Book Synopsis The Evolutionary Complexity of Endogenous Innovation by : Cristiano Antonelli

Download or read book The Evolutionary Complexity of Endogenous Innovation written by Cristiano Antonelli. This book was released on . Available in PDF, EPUB and Kindle. Book excerpt: The notion of endogenous innovation as the outcome of the creative response of firms to out-of-equilibrium conditions is the cornerstone of the new evolutionary complexity. This book elaborates and applies the theoretical framework established in the author’s previous work Endogenous Innovation: The Economics of an Emergent System Property. This volume carefully explores the role of the reactivity of firms to out-of-equilibrium conditions. It also examines the quality of knowledge governance mechanisms in assessing the levels of externalities that define the likelihood of creative responses, as an alternative to adaptive responses.

Endogenous Innovation

Business & Economics
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Genre : Business & Economics
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Book Rating : 14X/5 ( reviews)

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Book Synopsis Endogenous Innovation by : Cristiano Antonelli

Download or read book Endogenous Innovation written by Cristiano Antonelli. This book was released on . Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.

The Evolution of Economic and Innovation Systems

2015-03-03 Business & Economics
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Release : 2015-03-03
Genre : Business & Economics
Kind : eBook
Book Rating : 997/5 ( reviews)

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Book Synopsis The Evolution of Economic and Innovation Systems by : Andreas Pyka

Download or read book The Evolution of Economic and Innovation Systems written by Andreas Pyka. This book was released on 2015-03-03. Available in PDF, EPUB and Kindle. Book excerpt: This book is at the cutting edge of the ongoing ‘neo-Schumpeterian’ research program that investigates how economic growth and its fluctuation can be understood as the outcome of a historical process of economic evolution. Much of modern evolutionary economics has relied upon biological analogy, especially about natural selection. Although this is valid and useful, evolutionary economists have, increasingly, begun to build their analytical representations of economic evolution on understandings derived from complex systems science. In this book, the fact that economic systems are, necessarily, complex adaptive systems is explored, both theoretically and empirically, in a range of contexts. Throughout, there is a primary focus upon the interconnected processes of innovation and entrepreneurship, which are the ultimate sources of all economic growth. Twenty two chapters are provided by renowned experts in the related fields of evolutionary economics and the economics of innovation.

Foundations of Economic Change

2017-11-15 Business & Economics
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Release : 2017-11-15
Genre : Business & Economics
Kind : eBook
Book Rating : 096/5 ( reviews)

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Book Synopsis Foundations of Economic Change by : Andreas Pyka

Download or read book Foundations of Economic Change written by Andreas Pyka. This book was released on 2017-11-15. Available in PDF, EPUB and Kindle. Book excerpt: The book illustrates the considerable advances in modern evolutionary economics and addresses core questions of economic behaviour, interaction of heterogeneous actors in uncertain environments and the possibility of aggregating observations on a macro-economic level. It presents the foundations of economic change as the major building blocks of an economic approach that focusses on complex processes driven by endogenous innovation as well as crisis. The theoretical considerations are complemented by econometric studies to demonstrate the relevance of evolutionary-economic thinking to improve our understanding of the most challenging issues related to economic growth and development.

Innovation, Evolution and Complexity Theory

2006-03-29 Business & Economics
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Release : 2006-03-29
Genre : Business & Economics
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Book Rating : 410/5 ( reviews)

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Book Synopsis Innovation, Evolution and Complexity Theory by : Koen Frenken

Download or read book Innovation, Evolution and Complexity Theory written by Koen Frenken. This book was released on 2006-03-29. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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