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Technological revolutions mark profound transformations in socio-economic systems. They are associated with the diffusion of general purpose technologies that display very high degrees of pervasiveness, dynamism and complementarity. This paper provides an in-depth examination of the technologies...
Persistent link: https://www.econbiz.de/10011999709
This project explores the development of Artificial Intelligence (AI) and its impact on business models, market structure, organization and work. By adopting a history-friendly perspective, the present contribution traces a stylized history of the AI technological domain in order to highlight...
Persistent link: https://www.econbiz.de/10012292380
The Internet technology has radically transformed the computer and communication world, with revolutionary effects on economic and social systems at a global level. Its invention is the result of a collective research effort performed by computer scientists and telecommunications, electrical,...
Persistent link: https://www.econbiz.de/10012292385
The paper discusses some fundamental features of the 'Simonian' research program in microeconomics and compare them with two streams of thought which find their roots into Simon's pathbreaking work since the '50s and '60s, namely Transaction Cost Economics and Evolutionary Economics. One argues...
Persistent link: https://www.econbiz.de/10001690350
Persistent link: https://www.econbiz.de/10003030071
Even the most rudimentary training from Economics 101 starts with demand curves going down and supply curves going up. They are so 'natural' that they sound even more obvious than the Euclidian postulates in mathematics. But are they? What do they actually mean? Start with ''demand curves''. Are...
Persistent link: https://www.econbiz.de/10013489764
The paper, largely based on the introduction to Dosi (2012), elaborates on the main interpretative ingredients, methodology and challenges ahead of the evolutionary research program in economics. Telegraphically, such a perspective attempts to understand a wide set of economic phenomena -...
Persistent link: https://www.econbiz.de/10009550530
This note discusses the medical/therapeutical responses to the COVID-19 pandemic and their “political economy” context. First, the very quick development of several vaccines highlights the richness of the basic knowledge waiting for therapeutical exploitation. Such knowledge has largely...
Persistent link: https://www.econbiz.de/10012520259
There are at least three existential challenges to contemporary societies, as we know them namely first, the complete rupture of the social pact which characterized Glorious Decades after WWII in most of Western societies; and second, the deepening of the patterns of informatization and...
Persistent link: https://www.econbiz.de/10015372060