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In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic...
Persistent link: https://www.econbiz.de/10011565231
This work presents the evolutionary growth theory, which studies the drivers and patterns of technological change and production together with the (imperfect) mechanisms of coordination among a multitude of firms. This requires to studies economies as complex evolving systems, i.e. as ecologies...
Persistent link: https://www.econbiz.de/10014464394
<Para ID="Par1">Dopfer and Potts (<CitationRef CitationID="CR16">2008</CitationRef>) have proposed a new analytic foundation to evolutionary economics based on the unified rule approach. While they contend that their approach is ontologically and analytically coherent and useful, scholars sympathetic with it, e.g., Ostrom and Basurto (<CitationRef CitationID="CR27">2011</CitationRef>), have called...</citationref></citationref></para>
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The paper investigates the co-evolutionary patterns of the dynamics of technological alliances and of the structure of the knowledge base in the pharmaceutical sector. The main hypothesis under scrutiny is that technological alliances represent a key resource for firms in knowledge intensive...
Persistent link: https://www.econbiz.de/10010794989
This essay is in two parts. The first considers the evolution of evolutionary economics from 1982 to 2012. While enormous advances are acknowledged, it is argued that the field is in danger of fragmentation and that there has been relatively little development in its over-arching theoretical...
Persistent link: https://www.econbiz.de/10010759863
In this paper, we propose an industrial dynamics model to analyze the interactions between the price-performance sensitivity of demand, the sources of innovation in a sector, and certain features of the corresponding pattern of industrial transformation. More precisely, we study market...
Persistent link: https://www.econbiz.de/10010728202
Libertarian paternalists hold that biases and distortions in human decision-making justify paternalistic interference affecting individuals’ decisions. The aim of this paper is to analzye to what extent an evolutionary outlook supports libertarian paternalism. I will put forward three...
Persistent link: https://www.econbiz.de/10010849027