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Schumpeterian Perspectives on Innovation, Competition and Growth
Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.
Agent-Based Computational Modelling
The present book describes the methodology to set up agent-based models and to study emerging patterns in complex adaptive systems resulting from multi-agent interaction. It offers the application of agent-based models in demography, social and economic sciences and environmental sciences. Examples include population dynamics, evolution of social norms, communication structures, patterns in eco-systems and socio-biology, natural resource management, spread of diseases and development processes. It presents and combines different approaches how to implement agent-based computational models and tools in an integrative manner that can be extended to other cases.
Handbook on the Bioeconomy
Providing a comprehensive account of the latest research and thinking on the bioeconomy, Davide Viaggi brings together expert authors to reflect on the economics of using renewable biological resources to produce bio-based materials, food, energy and more. The Handbook analyses the evolving concept of the bioeconomy and its potential as a solution to major global societal and sustainability challenges, including food security, ecosystem management, the limits to growth and combating climate change and pollution.
Schumpeter's Price Theory
Joseph Alois Schumpeter has long been recognised as one of the great economists of the 20th Century, and his truly revolutionary approach to economic development continues to gain appreciation. This is particularly due to the emphasis he places on innovation and creative destruction as drivers of economic development. Yet, aspects of his theory remain neglected and poorly understood, especially his treatment of prices and price dynamics. This book provides a comprehensive and critical examination of Schumpeter’s price theory as well as providing suggestions for the further development of the theory. While Schumpeter’s theories of economic development, entrepreneurship and the business cy...
Modern Evolutionary Economics
Presents the evolutionary perspective of the economy as perpetually moving, driven by innovation, and the empirical research this has guided.
Elgar Encyclopedia of Services
The Encyclopedia of Services is a ground-breaking resource that offers a unique overview of what constitutes the main source of wealth and employment in our contemporary economies, namely services. This title contains one or more Open Access chapters.
Technology and Knowledge
An examination of trends in the analysis of knowledge and technology from an evolutionary perspective. The work emphasizes the importance of knowledge in the creation of technological change and innovation. The authors the flows of knowledge and other interactions between and within firms.
Embracing the Knowledge Economy
Globalization, new technologies and evolving organizational and management models pose a significant challenge to industrialized countries. Instead of relying on the traditional techno-organizational paradigm, they have had to search for new development paths to ensure further growth and social welfare. Finland is one of the few nations that has been able to meet this challenge successfully and, as such, can be regarded as a model case study from which other countries can learn how to manage this fundamental transition process. In an astonishingly short period of time, Finland has developed into one of the world's leading knowledge societies whilst retaining a comprehensive welfare state. Th...
Economics, Evolution and the State
This book focuses on the emerging field of evolutionary economic policy, highlighting the interface between the state, markets, and the evolutionary complexity of modern economies. The contributors explore the possibilities and limitations of governance, and provide a unique platform for the advancement of modern evolutionary economic theory. Decision-making is discussed, with particular reference to: economic evolution as an open process self-organization and networks the political economy of complexity. Issues of evolutionary economic governance at various levels of aggregation are also examined. Inspired by evolutionary thinking, a range of models emerge from the study, illustrating the v...
The Dynamics of Innovation in Eastern Europe
Building strong and dynamic systems of innovation constitutes a key challenge for the post-socialist economies of Central and Eastern Europe. This book develops a strong conceptual and empirical foundation for understanding how such dynamic systems may emerge. The Dynamics of Innovation in Eastern Europeexplains, in particular, how this has been possible in the case of the Estonian system of innovation in telecommunications. The book shows that the socialist historical heritage, and in particular inherited competencies, may be used in highly creative ways for generating dynamic innovation in the post-socialist context. It also uncovers the complex and multifaceted ways in which the geographi...
