Evolution and Economic Complexity
Published on 23. February 2007
Book
Paperback/Softback
256 pages
978-1-84720-338-0 (ISBN)
Description
Dedicated to the goal of furthering evolutionary economic analysis, this book provides a coherent scientific approach to deal with the real world of continual change in the economic system. Expansive in its scope, this book ranges from abstract discussions of ontology, analysis and theory to more practical discussions on how we can operationalize notions such as 'capabilities' from what we understand as 'knowledge'. Simulation techniques and empirical case studies are also used.
Sharpening the focus of the relationship between economic evolution and economic complexity, the book will be of great interest to academics, students and researchers of evolutionary economics.
Sharpening the focus of the relationship between economic evolution and economic complexity, the book will be of great interest to academics, students and researchers of evolutionary economics.
Reviews / Votes
'This book provides a useful introduction to evolutionary economics.' -- Adam Gifford, Journal of Bioeconomics 'With this important collection of fine new papers, Foster and Metcalfe have brought together another volume that will make an impact on the newly unfolding science-of-complexity approach to economics. Ranging from the theoretical foundations to modeling tools and concrete empirical applications, the contributions cover all relevant areas. The reader is being offered exciting new views on variety generating and selecting mechanisms in the economy and their role for technological and commercial change.' -- Ulrich Witt, Max Planck Institute, Jena, GermanyMore details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
College/higher education
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-84720-338-0 (9781847203380)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Edited by the late J. Stanley Metcalfe, formerly Emeritus Professor, University of Manchester, UK and John Foster, Professor of Economics and Head, School of Economics, University of Queensland, Australia
Content
Contents:
Introduction
PART I: THEORETICAL PERSPECTIVES
1. Evolutionary Foundations of Economics
Kurt Dopfer and Jason Potts
2. On the Methodology of Assessing Agent-Based Evolutionary Models in the Social Sciences
Paul Ormerod and Bridget Rosewell
3. What do Firms Learn? Capabilities, Distribution and the Division of Labour
Paolo Ramazzotti
4. Dynamic Capabilities, Tacit Knowledge and Absorption
Peter Hall
PART II: MODELLING COMPLEXITY
5. The Complexity of Structure, Strategy and Decision Making
Peter M. Allen
6. Knowledges, Specialization and Economic Evolution: Modelling the Evolving Division of Human Time
Esben Sloth Andersen
PART III: EMPIRICAL PERSPECTIVES
7. Erring to be Right: The Paradox of Error in the Foundation of Probability in Economics
Francisco Louca
8. Technological and Economic Mobility in Large German Manufacturing Firms
Uwe Cantner and Jens J. Krueger
9. A Conceptual Framework to Model Long-run Qualitative Change in the Energy System
Andreas Pyka, Bernd Ebersberger and Horst Hanusch
Index
Introduction
PART I: THEORETICAL PERSPECTIVES
1. Evolutionary Foundations of Economics
Kurt Dopfer and Jason Potts
2. On the Methodology of Assessing Agent-Based Evolutionary Models in the Social Sciences
Paul Ormerod and Bridget Rosewell
3. What do Firms Learn? Capabilities, Distribution and the Division of Labour
Paolo Ramazzotti
4. Dynamic Capabilities, Tacit Knowledge and Absorption
Peter Hall
PART II: MODELLING COMPLEXITY
5. The Complexity of Structure, Strategy and Decision Making
Peter M. Allen
6. Knowledges, Specialization and Economic Evolution: Modelling the Evolving Division of Human Time
Esben Sloth Andersen
PART III: EMPIRICAL PERSPECTIVES
7. Erring to be Right: The Paradox of Error in the Foundation of Probability in Economics
Francisco Louca
8. Technological and Economic Mobility in Large German Manufacturing Firms
Uwe Cantner and Jens J. Krueger
9. A Conceptual Framework to Model Long-run Qualitative Change in the Energy System
Andreas Pyka, Bernd Ebersberger and Horst Hanusch
Index