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<Para ID="Par1">Increasingly, innovation is conceived in a context of conventions or rules and complexity. However, there is a need for a theoretical basis that describes the innovation process based on complexity. In this essay, we propose a multilevel micro-meso-macro framework that aims to meet this need and...</para>
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Complexity science provides a general mathematical basis for evolutionary thinking. It makes us face the inherent, irreducible nature of uncertainty and the limits to knowledge and prediction. Complex, evolutionary systems work on the basis of on-going, continuous internal processes of...
Persistent link: https://www.econbiz.de/10010794994
1871 saw the publication of two major treatises in economics, with self-seeking economic man at their center. In the same year Darwin published The Descent of Man, which emphasized sympathy and cooperation as well as self-interest, and contained a powerful argument that morality has evolved in...
Persistent link: https://www.econbiz.de/10010759861
Acquiring the knowledge they need to organize new businesses is a life-long learning process for nascent entrepreneurs, both before and during the organizing process. We argue that creating viable and profitable ventures depends not only on the habits, heuristics, and routines that nascent...
Persistent link: https://www.econbiz.de/10010759862
Despite its importance as a formative influence in evolutionary biology, the notion of isolation has received relatively little attention in evolutionary economics and its application to technological innovation. This paper makes the case that isolation, in many guises, is a pervasive and...
Persistent link: https://www.econbiz.de/10010849022
theory development in evolutionary economics, but also be able to support viable practical policy implications. Examining its …
Persistent link: https://www.econbiz.de/10011001854
Simon argued, quasi-decomposability has made evolution possible from the beginning of the universe. Economies are … between domains, combined with variation within each. Co-ordination and development, so often separated in economic theory …
Persistent link: https://www.econbiz.de/10011001866
International economic order, including the rules of the game for trade, usually suffers from enforcement problems. We examine the prospects of self-enforcing cooperation as trade relationships evolve. It turns out that factor differentials and specificities are of utmost importance. In fact,...
Persistent link: https://www.econbiz.de/10010680805