Innovation, Complexity and Economic Evolution: From Theory to Policy

Cover
Half Title
Series Page
Title Page
Copyright Page
Dedication
Table of Contents
Preface
1 Economics, Qualitative Change, and Discontinuities
	1 Introduction
	2 Man-made Artefacts and Structural Change in Socioeconomic Systems
		2.1 MMAs and the Twin Characteristic Representation
		2.2 Generalized Production of Services
		2.3 MMAs, Wants, Needs and Basic Human Functions
	3 Qualitative Change and Economic Development
		3.1 The Evolution of MMAs
		3.2 Capital Goods
		3.3 Variety vs Differentiation
		3.4 Efficiency and Creativity
	4 Analytical Implications of the Twin Characteristic Representation
		4.1 Competition
		4.2 Demand Theory
2 The Coevolution of Innovation, Technologies and Institutions
	1 Technologies and Innovation
		1.1 Innovation Concepts and the Twin Characteristic Representation
		1.2 Institutions and Organizational Forms
			1.2.1 The Modern Firm
		1.3 Transformations and Transitions
3 Adaptive Behaviour as the most General form of Socioeconomic Behaviour
	1 Introduction
	2 Adaptation and Systems
		2.1 System Stability and Change
		2.2 System Dynamics
		2.3 Closed and open Systems
	3 Adaptive Behaviour
		3.1 ADTO and ADOF
		3.2 Collective and Individual Adaptation
		3.3 Adaptation, Stability, and Change
		3.4 Fitness
		3.5 Barriers to Adaptation
			3.5.1 Imperfect or Partial Adaptation
			3.5.2 Imperfection in Biological Evolution
			3.5.3 Statics vs Dynamics
			3.5.4 Structural Barriers
			3.5.5 Cognitive Barriers
			3.5.6 Political Barriers
			3.5.7 Decision-making
	4 Adaptive Behaviour vs Optimizing Rationality
4 Knowledge and Economics
	1 Introduction
	2 Some Considerations on the Nature of Knowledge
		2.1 Knowledge as Adaptation
		2.2 Two Properties of Knowledge
			2.2.1 Knowledge as a Co-relational Structure
			2.2.2 Knowledge as a Retrieval or Interpretative Structure
			2.2.3 Knowledge as a Network
			2.2.4 The local Character of Knowledge
			2.2.5 Science and Technology
			2.2.6 Theories of Knowledge
	3 Knowledge in Socioeconomic Systems
		3.1 The Production of Knowledge
			3.1.1 Division of Labour
			3.1.2 Coordination
			3.1.3 Competition
			3.1.4 Knowledge and the Firm
		3.2 Knowledge and Institutions
			3.2.1 Technology and the Firm
			3.2.2 The Institutionalization of R&D
	4 Empirical Applications
		4.1 The Knowledge base of the Firm
		4.2 Knowledge Properties
			4.2.1 Mapping the Knowledge Base (KB) of Firms
			4.2.2 The Relationship between the Properties of the KB and Firm Performance
			4.2.3 The Dynamics of Knowledge-intensive Sectors
5 Structural Change, Differentiation, and Economic Development
	1 From Stylized facts to Theoretical Understanding
		1.1 Stylized Facts
		1.2 Efficiency and Creativity
		1.3 Structural Change, Differentiation and Economic Development
		1.4 Services
		1.5 Structure, order and Change
	2 Structural Change and Differentiation in the Literature on Economic Growth and Development
		2.1 A Typology of Models
			2.1.1 Level of Aggregation
		2.2 The Emergence of Unidirectional Structural Change
			2.2.1 Level of Aggregation
			2.2.2 Stability vs Change
			2.2.3 Qualitative vs Quantitative Change, Heterogeneity
			2.2.4 Variety
		2.3 Empirical Studies of Unidirectional Structural Change
			2.3.1 Endogenous vs Exogenous Change
			2.3.2 Decreasing vs Increasing Returns
	3 Present State and Future Developments
6 Complexity and Evolutionary Theories
	1 Antecedents and Recent Developments
		1.1 Evolutionary and Constructivist Rationalisms as Alternative Modes of Knowledge
		1.2 From Innovation Studies to Nelson and Winter
		1.3 Structure, order and Change
		1.4 Rules and Institutions
	2 Complexity and Evolutionary Theories
		2.1 Interactivity
		2.2 Stability and Change
		2.3 Order and Disorder
		2.4 Irreversibility and path Dependence
		2.5 Coevolution
	3 Ontology
	4 A Comparison of Evolutionary and Neoclassical Economics
7 Evolutionary Political Economics
	1 Introduction
	2 Innovation and Political Institutions
	3 On the Interactions between Innovations, Technologies and Institutions in Recent History
		3.1 The Rise of Manufacturing
		3.2 From Manufacturing to Services
		3.3 Recent Trends: Globalization, Neoliberalism, AI, Knowledge-based Economy and Society
			3.3.1 Globalization
			3.3.2 Neoliberalism
			3.3.3 Knowledge-Based Economy and Society
			3.3.4 Long-term Trends
		3.4 Environmental Impact
	4 Human Decision-Making
8 Policy Implications of Evolutionary Economics
	1 Future Trends and Policy Implications
		1.1 Main Points of Evolutionary Economics
			1.1.1 Qualitative vs Quantitative Change, Discontinuities
			1.1.2 Adaptive Behaviour
			1.1.3 General Equilibrium
			1.1.4 Structural Change and Differentiation
			1.1.5 Human Knowledge is Incomplete
			1.1.6 Long-term Processes
			1.1.7 Coevolution of Technologies and Institutions
	2 Policy Implications
		2.1 Policy Implications of Creative Destruction
			2.1.1 Compensation
			2.1.2 From Basic to Higher Needs
		2.2 Employment and Social Security
			2.2.1 Emerging Policy and Institutional Trends
			2.2.2 Structural Change and Flexicurity
			2.2.3 AI and Robotics
			2.2.4 Routines and Search Activities
		2.3 The Welfare or Social State
			2.3.1 Social Salary
		2.4 Environment
Index