This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing...

This important book addresses the organizational and economic implications of the new technologies of information and communication. Jannis Kallinikos analyses the recent spectacular growth of information and the self-propelling processes through which technological information is increasingly...

Knowledge, Social Institutions and the Division of Labour gives rise to a new and richer institutional analysis of the economy centred around the analysis of language, the division of labour and social knowledge. It is in this perspective that the economic analysis of institutions comes to be...

Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of these structures with illustrative...

This book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time. Drawing on the...

Evolutionary Economics and Path Dependence presents important new theoretical and empirical work on economic change, learning processes, institutional change, choice and path dependency. The theoretical section includes discussion of the microfoundations of path dependency, path dependency in...

Throughout his long career as a professional scholar, Paul Dale Bush has been a cogent theorist, a model practitioner and an ardent defender of academic freedom and of democratic practices. Institutionalist Theory and Applications is the second of two volumes celebrating his career and his...

Books on innovation have proliferated in the last quarter of a century, during what the author describes as 'the Schumpeterian Renaissance'. This volume provides an authoritative account of many of these new developments and represents the foundation of much ongoing research on innovation. This...

This book presents a concept of interactive economic institutions and systems, considered by the author to be a bottleneck to scientific progress. In the author's evaluation of contemporary institutional economics, the focus is on the interaction of complex economic structures in terms of their...