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Economic motivations and economic processes play a key role in the emergence and diffusion of communication and … information technologies. The objective of this paper is to offer an economic approach which is better suited to understanding … 'classical' tradition in economics, which was based on synergies. The ideas of Joseph Schumpeter are highlighted as a distinct …
Persistent link: https://www.econbiz.de/10009188741
to states of uncertainty be explicitly dealt with. We argue that ‘knowledge,’ because of the existence of uncertainty is … evolutionary economics can make further progress by taking a more ‘naturalistic’ approach to economic evolution. This requires that … ‘energy gradients’ and ‘knowledge gradients’ as essential concepts in understanding economic emergence and resultant economic …
Persistent link: https://www.econbiz.de/10010576973
Persistent link: https://www.econbiz.de/10009658690
the acquisition and application of knowledge. Drawing upon disparate literatures within and outside economics, it is … autocatalytic interaction of new knowledge and access of increasing amounts of free energy to do increasingly specialized forms of …
Persistent link: https://www.econbiz.de/10011048170
uncertainty and irreversibility. We test our theoretical predictions using data from 2000 to 2008 of a panel dataset constructed …The paper aims at modelling adoption and diffusion decisions of farmers towards genetically modified crops under a real … option framework. Modern GM crops help farmers to resolve two main sources of uncertainty: output uncertainty and input …
Persistent link: https://www.econbiz.de/10008606487
Post-Schumpeterians have tended to use biological analogies to understand economic evolution, in contrast to Schumpeter … himself. In this paper it is argued that the biological analogies used tend to be outdated and that Schumpeter espoused an …. Viewing economic evolution in terms of complex adaptation in self-organising systems yields nonequilibrium and nonlinear …
Persistent link: https://www.econbiz.de/10005760591
countries. An overall evaluation requires that attention is given to the perception and endogeneity of uncertainty …, irreversibility, the availability of alternatives, and a comparison with other complex issues. Some implications for an effective …
Persistent link: https://www.econbiz.de/10011256472
countries. An overall evaluation requires that attention is given to the perception and endogeneity of uncertainty …, irreversibility, the availability of alternatives, and a comparison with other complex issues. Some implications for an effective …
Persistent link: https://www.econbiz.de/10010324896
countries. An overall evaluation requires that attention is given to the perception and endogeneity of uncertainty …, irreversibility, the availability of alternatives, and a comparison with other complex issues. Some implications for an effective …
Persistent link: https://www.econbiz.de/10005209509
countries. An overall evaluation requires that attention is given to the perception and endogeneity of uncertainty …, irreversibility, the availability of alternatives, and a comparison with other complex issues. Some implications for an effective …
Persistent link: https://www.econbiz.de/10011316889