Demand Complexity And Long Run Economic Evolution

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Demand, Complexity, and Long-Run Economic Evolution

Andreas Chai,Chad M. Baum
Demand Complexity and Long Run Economic Evolution Book PDF

Author : Andreas Chai,Chad M. Baum
Publisher : Springer
Page : 189 pages
File Size : 45,8 Mb
Release : 2019-05-11
Category : Business & Economics
ISBN : 9783030024239

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Demand, Complexity, and Long-Run Economic Evolution by Andreas Chai,Chad M. Baum Pdf

The purpose of this contributed volume is to consider how global consumption patterns will develop in the next few decades, and what the consequences of that development will be for the economy, policymakers, and society at large. In the long run, the extent to which economic growth translates into better living conditions strongly depends on how rising affluence and new technologies shape consumer preferences. The ongoing rise in household income in developing countries raises some important questions: Will consumption patterns always continue to expand in the same manner as we have witnessed in the previous two centuries? If not, how might things evolve differently? And what implications would such changes hold for not only our understanding of consumption behavior but also our pursuit of more sustainable societies?

Long-run Economics

Norman Clark,Calestous Juma
Long run Economics Book PDF

Author : Norman Clark,Calestous Juma
Publisher : Bloomsbury Publishing
Page : 246 pages
File Size : 48,9 Mb
Release : 2013-11-07
Category : Business & Economics
ISBN : 9781472511621

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Long-run Economics by Norman Clark,Calestous Juma Pdf

A major problem of conventional economic theory as applied to long-run economic change is its unduly narrow and static character, which compromises its capacity to handle conceptually a social process inherently systemic, complex and dynamic. At the same time there is a growing realization in relevant government and industrial circles (reinforced by the example of Japan) that effective economic policy-making needs a strategic, and therefore a technological, content. Long-Run Economics suggests a more realistic conceptual framework for the analysis of economic and technological change. Borrowing from other disciplines, such as sociology, psychology and biology, the authors develop a model that is evolutionary and systemic in character. Special emphasis is given to the role of information flows in the innovative process, while the overall argument is illustrated by two case studies, photovoltaics and fuel ethanol. Finally, the book stresses the strategic importance of science and technology policy and the role of appropriate institutions in facilitating long-run economic change.

Long Term Economic Development

Andreas Pyka,Esben Sloth Andersen
Long Term Economic Development Book PDF

Author : Andreas Pyka,Esben Sloth Andersen
Publisher : Springer Science & Business Media
Page : 482 pages
File Size : 52,5 Mb
Release : 2013-06-22
Category : Business & Economics
ISBN : 9783642351259

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Long Term Economic Development by Andreas Pyka,Esben Sloth Andersen Pdf

The book gives an overview of important research topics recently addressed in evolutionary Neo-Schumpeterian Economics. The list of research questions and applications of Neo-Schumpeterian reasoning impressively demonstrates the rich possibilities ranging from theoretical issues addressing human behaviour to applied areas like the emergence of biotechnology in developing countries, the role of innovation on financial markets and the R&D strategies of multinational enterprises. The chapters in this book bring together a rich set of new analytical and empirical methodologies which allow for new relevant and rigorous insights in innovation processes which are responsible for economic development and structural change.​

Complexity and Evolution

David S. Wilson,Alan Kirman
Complexity and Evolution Book PDF

Author : David S. Wilson,Alan Kirman
Publisher : MIT Press
Page : 409 pages
File Size : 41,5 Mb
Release : 2016-08-19
Category : Business & Economics
ISBN : 9780262035385

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Complexity and Evolution by David S. Wilson,Alan Kirman Pdf

An exploration of how approaches that draw on evolutionary theory and complexity science can advance our understanding of economics. Two widely heralded yet contested approaches to economics have emerged in recent years: one emphasizes evolutionary theory in terms of individuals and institutions; the other views economies as complex adaptive systems. In this book, leading scholars examine these two bodies of theory, exploring their possible impact on economics. Relevant concepts from evolutionary theory drawn on by the contributors include the distinction between proximate and ultimate causation, multilevel selection, cultural change as an evolutionary process, and human psychology as a product of gene-culture coevolution. Applicable ideas from complexity theory include self-organization, fractals, chaos theory, sensitive dependence, basins of attraction, and path dependence. The contributors discuss a synthesis of complexity and evolutionary approaches and the challenges that emerge. Focusing on evolutionary behavioral economics, and the evolution of institutions, they offer practical applications and point to avenues for future research. Contributors Robert Axtell, Jenna Bednar, Eric D. Beinhocker, Adrian V. Bell, Terence C. Burnham, Julia Chelen, David Colander, Iain D. Couzin, Thomas E. Currie, Joshua M. Epstein, Daniel Fricke, Herbert Gintis, Paul W. Glimcher, John Gowdy, Thorsten Hens, Michael E. Hochberg, Alan Kirman, Robert Kurzban, Leonhard Lades, Stephen E. G. Lea, John E. Mayfield, Mariana Mazzucato, Kevin McCabe, John F. Padgett, Scott E. Page, Karthik Panchanathan, Peter J. Richerson, Peter Schuster, Georg Schwesinger, Rajiv Sethi, Enrico Spolaore, Sven Steinmo, Miriam Teschl, Peter Turchin, Jeroen C. J. M. van den Bergh, Sander E. van der Leeuw, Romain Wacziarg, John J. Wallis, David S. Wilson, Ulrich Witt

Complexity and Co-evolution

Elizabeth Garnsey,James McGlade
Complexity and Co evolution Book PDF

Author : Elizabeth Garnsey,James McGlade
Publisher : Edward Elgar Publishing
Page : 231 pages
File Size : 42,5 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9781847202925

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Complexity and Co-evolution by Elizabeth Garnsey,James McGlade Pdf

. . . in my opinion. . . readers. . . should find in this book both several remarkable insights concerning basic statements of evolutionary theorising and concrete results that can be acquired by applying such basic statements in computer simulation models and in various fields of analysis. Mauro Lombardi, The Journal of Artificial Societies and Social Simulation Complexity theory first emerged three decades or so ago, but only recently has its potential relevance for the study of social and economic phenomena really begun to be recognised. This timely collection of essays clearly demonstrates, both conceptually and empirically, how complexity theory ideas can provide considerable insight into how socio-economic systems cities, societies, industries, technologies and economies evolve and adapt over time. It is essential reading for anyone interested in how order and evolution emerge out of the seemingly chaotic socio-economic world around us. Ron Martin, University of Cambridge, UK I read Complexity and Co-Evolution with real pleasure. These authors have done the near impossible they have made the concepts of a new and evolving science accessible to people who can apply it in practical ways. The clarity of writing reflects the sort of confidence only the truly informed can muster, for they need no jargon to cover confusions. Their mastery allows them to present the essentials in simple, unadorned forms and through genuinely illustrative examples. Any manager or director trying to navigate dynamic markets can use this book to learn new ways of thinking, explore new possibilities, and study historical experiences. Robert Artigiani, United States Naval Academy Current thinking about evolutionary dynamics increasingly relies on co-evolution, and co-evolution increasingly implies complex dynamics of one sort or another. This volume brings together a capable and well-balanced group of thinkers on these topics who explore these deeply related concepts with up-to-date and advanced tools and concepts. For anyone wishing to learn about the latest developments in these rapidly developing areas, this book is highly recommended. J. Barkley Rosser Jr., James Madison University, US This book applies ideas and methods from the complexity perspective to key concerns in the social sciences, exploring co-evolutionary processes that have not yet been addressed in the technical or popular literature on complexity. Authorities in a variety of fields including evolutionary economics, innovation and regeneration studies, urban modelling and history re-evaluate their disciplines within this framework. The book explores the complex dynamic processes that give rise to socio-economic change over space and time, with reference to empirical cases including the emergence of knowledge-intensive industries and decline of mature regions, the operation of innovative networks and the evolution of localities and cities. Sustainability is a persistent theme and the practicability of intervention is examined in the light of these perspectives. Specialists in disciplines that include economics, evolutionary theory, innovation, industrial manufacturing, technology change, and archaeology will find much to interest them in this book. In addition, the strong interdisciplinary emphasis of the book will attract a non-specialist audience interested in keeping abreast of current theoretical and methodological approaches through evidence-based and practical examples.

Economic Evolution and Structure

Frederic L. Pryor
Economic Evolution and Structure Book PDF

Author : Frederic L. Pryor
Publisher : Cambridge University Press
Page : 420 pages
File Size : 51,7 Mb
Release : 1996
Category : Business & Economics
ISBN : 0521559243

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Economic Evolution and Structure by Frederic L. Pryor Pdf

Pryor follows the theme of structural complexity through many different subdisciplines of economics to show how the US economy has evolved.

The General Theory of Economic Evolution

Kurt Dopfer,Jason Potts
The General Theory of Economic Evolution Book PDF

Author : Kurt Dopfer,Jason Potts
Publisher : Routledge
Page : 153 pages
File Size : 52,6 Mb
Release : 2007-09-27
Category : Business & Economics
ISBN : 9781134466870

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The General Theory of Economic Evolution by Kurt Dopfer,Jason Potts Pdf

The first book to chart the development of the field of evolutionary economics, this book provides an integrated generic framework to define the rules of an economic system; how they are coordinated and the causes and consequences of their change. Packed with pedagogical features including essay and tutorial questions, case studies and an extensive bibliography, this book: proposes a new analytic framework for the study of the nature and causes of long run economic growth and development in market systems analyzes the foundations of the neoclassical tradition, before developing a thesis through micro, meso and macro domains drawing conclusions as to what can be learned from the point of view of policy analysis focuses on an open-systems analytical framework and successfully formulates and refines the analytical foundations of a new general theory of economic evolution. This volume is essential reading for scholars and students of economic evolution and as well as for anyone who seeks to better understand the complex evolutionary nature of the structure and dynamics of the knowledge-based economy in today’s society.

Elgar Encyclopedia on the Economics of Knowledge and Innovation

Antonelli, Cristiano
Elgar Encyclopedia on the Economics of Knowledge and Innovation Book PDF

Author : Antonelli, Cristiano
Publisher : Edward Elgar Publishing
Page : 579 pages
File Size : 49,6 Mb
Release : 2022-10-14
Category : Business & Economics
ISBN : 9781839106996

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Elgar Encyclopedia on the Economics of Knowledge and Innovation by Antonelli, Cristiano Pdf

A landmark reference work in the field, this Elgar Encyclopedia presents over 60 entries from scholars that have shaped the making of the economics of innovation as a distinct and specialised field of investigation within the broad range of economic disciplines. This will be a critical read for economics scholars, particularly those focusing on knowledge and innovation as it offers an understanding of the definitions of key terms in the field, the founding tenets of the topic, and the economics of knowledge and innovation in more specific contexts.

The Economy As An Evolving Complex System

Philip W. Anderson
The Economy As An Evolving Complex System Book PDF

Author : Philip W. Anderson
Publisher : CRC Press
Page : 246 pages
File Size : 44,6 Mb
Release : 2018-03-12
Category : Mathematics
ISBN : 9780429972478

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The Economy As An Evolving Complex System by Philip W. Anderson Pdf

This book proceeds from a meeting at the Santa Fe Institute where economists and physical and biological scientists came together to discuss a conceptual framework incorporating a more appropriate mathematics with a greatly strengthened capacity to deal simultaneously with multiple variables, nonlinearity, incomplete information and dynamical processes.

The Atlas of Economic Complexity

Ricardo Hausmann,Cesar A. Hidalgo,Sebastian Bustos,Michele Coscia,Alexander Simoes
The Atlas of Economic Complexity Book PDF

Author : Ricardo Hausmann,Cesar A. Hidalgo,Sebastian Bustos,Michele Coscia,Alexander Simoes
Publisher : MIT Press
Page : 369 pages
File Size : 52,9 Mb
Release : 2014-01-17
Category : Business & Economics
ISBN : 9780262525428

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The Atlas of Economic Complexity by Ricardo Hausmann,Cesar A. Hidalgo,Sebastian Bustos,Michele Coscia,Alexander Simoes Pdf

Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge. Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.

Innovation, Complexity and Economic Evolution

Pier Paolo Saviotti
Innovation Complexity and Economic Evolution Book PDF

Author : Pier Paolo Saviotti
Publisher : Taylor & Francis
Page : 297 pages
File Size : 47,5 Mb
Release : 2023-03-23
Category : Business & Economics
ISBN : 9781000837698

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Innovation, Complexity and Economic Evolution by Pier Paolo Saviotti Pdf

If evolutionary economics is to compete with neoclassical economics as a general-purpose economic theory, it needs to incorporate new aspects of socioeconomic reality, such as institutions of all types, including technical, scientific, and political. Furthermore, evolutionary economics needs to be able to provide policy implications at least as interesting as those of neoclassical economics. Thus, as this book argues, evolutionary economics must become evolutionary political economy. Innovation plays a central role in the book, but not in the sense of providing a technologically determinist interpretation. Rather, the book argues that innovations do not emerge in isolation from other components of socioeconomic systems but coevolve with institutions, infrastructures and organizational forms. This concept of coevolution is absolutely central in the book and provides a link with theories of complexity. In addition to providing an epistemological basis for evolutionary economics, the link with complexity and coevolution offers the connection with evolutionary political economy. Innovations and technologies do not emerge and develop in an institutional vacuum, but interact with existing institutions and reshape them, in addition to inducing the formation of new institutions. In this process, technologies and institutions reinforce each other providing a potential mechanism to transform socioeconomic systems. The book also explores the policy implications of these innovative societies, where wealth is created but unequally distributed. The book is addressed to open-minded economists, social scientists who are dissatisfied with the approach of neoclassical economics, technologists and policy makers.

Economics for a Fairer Society

Tim Gooding
Economics for a Fairer Society Book PDF

Author : Tim Gooding
Publisher : Springer
Page : 184 pages
File Size : 54,5 Mb
Release : 2019-04-23
Category : Business & Economics
ISBN : 9783030170202

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Economics for a Fairer Society by Tim Gooding Pdf

This Palgrave Pivot presents experiments that reveal core dynamics of trade in a complex system. Monetary trade is stripped of all its complications and placed in agent-based models, a complexity research tool capable of reproducing emergent behaviour and evolution. Included are ground-breaking repeatable experiments exploring the impact of evolutionary prerequisites empirically present in markets. Isolating the core dynamics of trade results in very simple agent-based models. However, decades of complexity research demonstrate that even the simplest systems result in emergent behaviour that is extremely difficult to anticipate. Readers who are only familiar with the linear-system theories and models used to train almost all undergraduate economics students might be surprised to witness price detaching from supply and demand, and extreme poverty and wealth arising in trade systems populated by agents with equal ability and opportunity. Watch as empirical evolutionary prerequisites are introduced and price patterns characterising two different markets – asset markets and speculative markets – emerge irrespective of supply and demand. In addition to laying the groundwork of monetary trade in a complex system, more complicated models feature mortal reproductive agents. Including ‘living’ populations in economic models reveal how the complexity characteristics of our market economy are impacting impoverishment and starvation. This book invites anyone interested in economics to join the growing ranks of people who are fascinated by the insights offered by complexity research.

Routledge Handbook of Evolutionary Economics

Kurt Dopfer,Richard R Nelson,Jason Potts,Andreas Pyka
Routledge Handbook of Evolutionary Economics Book PDF

Author : Kurt Dopfer,Richard R Nelson,Jason Potts,Andreas Pyka
Publisher : Taylor & Francis
Page : 477 pages
File Size : 47,6 Mb
Release : 2023-11-27
Category : Business & Economics
ISBN : 9780429677724

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Routledge Handbook of Evolutionary Economics by Kurt Dopfer,Richard R Nelson,Jason Potts,Andreas Pyka Pdf

While dating from post-Classical economists such as Thorstein Veblen and Joseph Schumpeter, the inception of the modern field of evolutionary economics is usually dated to the early 1980s. Broadly speaking, evolutionary economics sees the economy as undergoing continual, evolutionary change. Evolutionary change indicates that these changes were not planned, but rather were the result of innovations and selection processes. These often involved winners and losers, but most importantly, they resulted in actors learning what was and was not working. Evolutionary economics, in contrast to mainstream economics, emphasises the relevance of variables such as technology, institutions, decision rules, routines, or consumer preferences for explaining the complex evolutionary changes in the economy. In so doing, evolutionary economics significantly broadens the scope of economic analysis, and sheds new light on key concepts and issues of the discipline. This handbook draws on a stellar cast list of international contributors, ranging from the founders of the field to the newest voices. The volume explores the current state of the art in the field of evolutionary economics at the levels of the micro (e.g. firms and households), meso (e.g. industries and institutions), and macro (e.g. economic policy, structure, and growth). Overall, the Routledge Handbook of Evolutionary Economics provides an excellent overview of current trends and issues in this rapidly developing field.

Evolution and Economic Complexity

J. Stanley Metcalfe,John Foster
Evolution and Economic Complexity Book PDF

Author : J. Stanley Metcalfe,John Foster
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 52,7 Mb
Release : 2007-01-01
Category : Science
ISBN : 9781845423506

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Evolution and Economic Complexity by J. Stanley Metcalfe,John Foster Pdf

This book provides a useful introduction to evolutionary economics. Adam Gifford, Journal of Bioeconomics With this important collection of fine new papers, Foster and Metcalfe have brought together another volume that will make an impact on the newly unfolding science-of-complexity approach to economics. Ranging from the theoretical foundations to modeling tools and concrete empirical applications, the contributions cover all relevant areas. The reader is being offered exciting new views on variety generating and selecting mechanisms in the economy and their role for technological and commercial change. Ulrich Witt, Max Planck Institute, Jena, Germany Dedicated to the goal of furthering evolutionary economic analysis, this book provides a coherent scientific approach to deal with the real world of continual change in the economic system. Expansive in its scope, this book ranges from abstract discussions of ontology, analysis and theory to more practical discussions on how we can operationalize notions such as capabilities from what we understand as knowledge . Simulation techniques and empirical case studies are also used. Sharpening the focus of the relationship between economic evolution and economic complexity, the book will be of great interest to academics, students and researchers of evolutionary economics.

Policy Implications of Recent Advances in Evolutionary and Institutional Economics

Claudius Gräbner,Torsten Heinrich,Henning Schwardt
Policy Implications of Recent Advances in Evolutionary and Institutional Economics Book PDF

Author : Claudius Gräbner,Torsten Heinrich,Henning Schwardt
Publisher : Routledge
Page : 238 pages
File Size : 44,6 Mb
Release : 2016-05-12
Category : Business & Economics
ISBN : 9781317500445

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Policy Implications of Recent Advances in Evolutionary and Institutional Economics by Claudius Gräbner,Torsten Heinrich,Henning Schwardt Pdf

This collection is inspired by the coming retirement of Professor Wolfram Elsner. It presents cutting-edge economic research relevant to economic policies and policy-making, placing a strong focus on innovative perspectives. In a changing world that has been shaken by economic, social, financial, and ecological crises, it becomes increasingly clear that new approaches to economics are needed for both theoretical and empirical research; for applied economics as well as policy advice. At this point, it seems necessary to develop new methods, to reconsider theoretical foundations and especially to take into account the theoretical alternatives that have been advocated within the field of economics for many years. This collection seeks to accomplish this by including institutionalist, evolutionary, complexity, and other innovative perspectives. It thereby creates a unique selection of methodological and empirical approaches ranging from game theory to economic dynamics to empirical and historical-theoretical analyses. The interested reader will find careful reconsiderations of the historical development of institutional and evolutionary theories, enlightening theoretical contributions, interdisciplinary ideas, as well as insightful applications. The collection serves to highlight the common ground and the synergies between the various approaches and thereby to contribute to an emerging coherent framework of alternative theories in economics. This book is of interest to those who study political economy, economic theory and philosophy, as well as economic policy.