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Change, Transformation and Development

✍ Scribed by Stanley J. Metcalfe, Uwe Cantner (auth.), Professor John Stan Metcalfe, Professor Dr. Uwe Cantner (eds.)


Publisher
Physica-Verlag Heidelberg
Year
2003
Tongue
English
Leaves
447
Edition
1
Category
Library

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✦ Synopsis


For as long as one can remember, the edifice of the neoclassical economic synΒ­ thesis has been under attack. Critiques have focused on the extreme unreality of the assumptions that underpin the Arrow-Debreu theorems of welfare economics. They have queried the excessive formalism of the edifice, and the lack of practical significance of many of the results.They have castigated the neoclassical synthesis for its internal incoherence (lacking an independent theory of capital, for example, one of the favorite topics of the Cambridge school), its lack of a dynamic element, its non-evolutionary character, its lack of any conception of "market process" Β­ and so the list could be continued (Blaug, 1997). Through all this, the neoclassiΒ­ cal synthesis remains as strong as ever, impervious it seems to these or any other attacks. In this paper a different tack is taken. The neoclassical edifice is left alone, standing as a representation of what goes on in a certain kind ofeconomy- namely the economy wheregoods and services are producedand exchanged. The paper then introduces another kind of economy, namely an economy of productive entities Β­ called "resources"- that are needed to produce the economyofgoods and services.

✦ Table of Contents


Front Matter....Pages I-VII
Change, transformation and development....Pages 1-4
Knowledge of growth and the growth of knowledge....Pages 5-17
Bringing institutions into evolutionary growth theory....Pages 19-30
Choice, chance, and necessity in the evolution of forms of economies....Pages 31-51
Designing clunkers: demand-side innovation and the early history of the mountain bike....Pages 53-70
A resource-based view of Schumpeterian economic dynamics....Pages 71-96
Transferring exploration and production activities within the UK’s upstream oil and gas industry: a capabilities perspective....Pages 97-123
Uncertainty, institutional structure and the entrepreneurial process....Pages 125-144
Weber, Schumpeter and Knight on entrepreneurship and economic development....Pages 145-167
Connecting principles, new combinations, and routines: reflections inspired by Schumpeter and Smith....Pages 169-182
Innovating routines in the business firm: what matters, what’s staying the same, and what’s changing?....Pages 183-195
The emergence of a growth industry: a comparative analysis of the German, Dutch and Swedish wind turbine industries....Pages 197-227
Intangible investment and human resources....Pages 229-256
The dynamics of vertically-related industries. Innovation, entry and concentration....Pages 257-289
The role of innovation and quality change in Japanese economic growth....Pages 291-318
Entrepreneurs, innovations and market processes in the evolution of the Swedish mobile telecommunications industry....Pages 319-342
The new geography of corporate research in Information and Communications Technology (ICT)....Pages 343-377
Technology transfer in United States universities....Pages 379-412
What is the systems perspective to Innovation and Technology Policy(ITP) and how can we apply it to developing and newly industrialized economies?....Pages 413-437
Knowledge production and distribution and the economics of high-tech consortia....Pages 439-450

✦ Subjects


Economics general; Economic Growth; Social Sciences, general


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