Chapter 6 Adaptive Economizing, Creativity, and Multiple-Phase Evolution

Economic development is the outcome of an interaction between creative intelligence and adaptive economizing. Inventors and innovators continually perturb the possibilities for production, consumption, and social organization. Adaptive economizing enables individuals to cope with changing conditions and take advantage of new opportunities. Any seemingly stable situation that emerges is temporary. The process as a whole evolves out-of-equilibrium.

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Year of publication:	2011
Authors:	Day, Richard H.
Published in:	Economic growth and development. - Bingley [England] : Emerald Group Pub. Ltd., ISBN 978-1-78052-397-2. - 2011, p. 117-139
Subject:	Kreativität \| Creativity \| Welt \| World \| Wirtschaftswachstum \| Economic growth \| Globalisierung \| Globalization \| Entwicklung \| Economic development

Type of publication:	Article
Language:	English
Other identifiers:	10.1108/S1574-8715(2011)0000011011 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015379075