The fact that innovative capitalism needs institutional co-evolution has widely been recognized with respect to pro-active institutional adaptations. Examples are the rearrangement and safeguarding of supply chains or the creation of public institutions providing indispensable systemic...

The fact that innovative capitalism needs institutional co-evolution has widely been recognized with respect to pro-active institutional adaptations. Examples are the rearrangement and safeguarding of supply chains or the creation of public institutions providing indispensable systemic...

Auch im ökologischen Landbau dominieren zunehmend Konventionalisierungsprozesse und Massenproduktion. Gleichzeitig sind gerade kleinere Betriebe darum bemüht, ökologische Grundnahrungsmittel zu produzieren, ohne dafür auf Praktiken der Ausbeutung von Umwelt, Tier und Mensch zurückzugreifen....

Additive manufacturing (AM) was initially designed for prototyping and product personalization, where high production quantities were not required. Now, it is also implemented for final part production to achieve cost-effective mass customization (MC). Thanks to its tool-less production and...

We ask (1) why the United States adopted the car more quickly than other countries before 1929, and (2) why in the United States the car changed from a luxury to a mass market good between 1909 and 1919. We argue that the answer is in part the success of the Model T in the United States and its...

Although recent research has explored consumers’ reactions towards mass customization (MC) in general, these studies have considered aesthetic and functional MC as one and the same. In the present article, we focus specifically on consumer response to aesthetic MC because there are some unique...

Purpose In the present era of Industry 4.0, the manufacturing automation is moving toward mass production and mass customization through human–robot collaboration. The purpose of this paper is to describe various human–robot collaborative (HRC) techniques and their applicability for various...

"Time for Things seeks an answer to the question of why, in mature industrial capitalist societies, increasing productivity has tended to get used to increase output and consumption as opposed to reducing the burden of work. Put simply, why do we live in a world so full of goods, many of which...

This paper analyzes the impact of large-scale expansion of biofuels on the global income distribution and poverty. A global computable general equilibrium model is used to simulate the effects of the expansion of biofuels on resource allocation, commodity prices, factor prices and household...

We study mass customization in a duopoly game in which the firms' products have different qualities. Whether customization choices are made simultaneously or sequentially is endogenously determined. Specifically, the customization stage of the game involves two periods. Each firm either selects...

Automotive companies have successfully adopted mass customization. However, this production method has complicated the sales process as the customer has to go through a lot of steps to specify the product. Thus, it is important that the sales process is modified to make the producer–buyer...

As technological change accelerates, and mass production encompasses more sectors, their inherent inefficiencies and inequities become more prevalent in the aggregate economy. The resulting mass market economy can be described as the combination of a large scale, innovative leading sector under...

As the United States rose to ascendancy in the first decades of the twentieth century, observers abroad associated American economic power most directly with its burgeoning automobile industry. In the 1930s, in a bid to emulate and challenge America, engineers from across the world flocked to...

"Consumerism and Capitalism Why did a growing number of people in a self-defined socialist country begin to need and want more and more things? This book provides the first history of consumerism during the initial decades after the Chinese Communist Revolution of 1949. At the time of the...

Zoom auf die Hightech-Megacity. Shenzhen ist die Stadt der Superlative: die am schnellsten wachsende Metropole der Welt, die jüngste, offenste, reichste und teuerste Stadt Chinas. Ob Elektromobilität, Gentechnik oder Künstliche Intelligenz - bei den wichtigen Zukunftstechnologien werden hier...

I evaluate the optimality properties of a two sector market economy consisting of a mass production sector with market power and a competitive sector with small scale production. Adam Smith's results hold: the presence of market power renders production and innovation inefficient, as higher...

Macht der Kapitalismus wenige reich und viele arm - oder immer mehr immer weniger arm? Nicht erst seit der Finanzkrise ist es wieder üblich geworden, den Kapitalismus für fast alle Übel der Welt verantwortlich zu machen. Dem setzt der Wirtschaftshistoriker Werner Plumpe die Geschichte des...

Industrial revolution is fundamentally linked with the rise of factories and the decline of skilled artisans in manufacturing. Most scholars agree that factories as compared to artisan shops were intensive in unskilled labor. Indeed, the hallmark of the early factories is the utilization of...

Purpose: This paper explores the use of the purchase power of the higher education system to catalyze the economy of scale necessary to ensure market competitiveness for solar photovoltaic electricity. Design/methodology/approach: The approach used here was to first determine the demand...

The greater awareness of the negative environmental and health-related externalities of the large-scale food industry is directly responsible for the diminished confidence of the quality of its products. Using the multi-level perspective on socio-technical transitions (Geels, 2004; 2010), I argue...