New knowledge with potential commercial value is created, replicated, and transferred in a distributed manner. The highly systemic nature of knowledge production and the need for any knowledge to be individually acquired and expressed in order to produce an effect, jointly constrain the dynamics...

New knowledge with commercial potential is continually created in academic institutions. How is it turned into economically valuable businesses? This paper argues that the transfer is an entrepreneurial process. To understand this, the actions and the constraints characteristic for the...

New knowledge with commercial potential is continually created in academic institutions. How is it turned into economically valuable businesses? This paper argues that the transfer is an entrepreneurial process. To understand this, the actions and the constraints characteristic for the...

Complex adaptive systems consist of a multitude of agents from whose individual adaptation efforts the adaptive behavior of the system as a whole emerges. In this paper it will be argued that capitalism is a complex adaptive system. Except for its particular mode of production many of its...

The question of what kind of innovations can secure our future is in this paper put in perspective with the unknown risks which innovations may imply. Innovations sometimes turn out to cause severe negative externalities after they have successfully passed the market test. In such cases, the...

In den letzten Jahren ist in der Ökonomik verstärkt darüber diskutiert worden, ob mit einem evolutorischen Ansatz ein verbessertes Verständnis wirtschaftlicher Abläufe und Veränderungen zu erreichen ist. Die Debatte fällt zusammen mit der Renaissance Schumpeterscher Ideen, stützt sich...

Das wirtschaftliche Geschehen aus einer Perspektive zu betrachten und zu erklären, die seine evolutionären Seiten hervorhebt, ist an sich ein altes Anliegen in der Volkswirtschaftslehre. Durch die Vorherrschaft statischer Konzepte lange Zeit in den Hintergrund gedrängt, findet eine solche...

The fact that innovative capitalism needs institutional co-evolution has widely been recognized with respect to pro-active institutional adaptations. Examples are the rearrangement and safeguarding of supply chains or the creation of public institutions providing indispensable systemic...

The fact that innovative capitalism needs institutional co-evolution has widely been recognized with respect to pro-active institutional adaptations. Examples are the rearrangement and safeguarding of supply chains or the creation of public institutions providing indispensable systemic...

In den letzten Jahren ist in der Ökonomik verstärkt darüber diskutiert worden, ob mit einem evolutorischen Ansatz ein verbessertes Verständnis wirtschaftlicher Abläufe und Veränderungen zu erreichen ist. Die Debatte fällt zusammen mit der Renaissance Schumpeterscher Ideen, stützt sich...