Long-run Economics
An Evolutionary Approach to Economic Growth
1st Edition
Published on 7. November 2013
246 pages
978-1-4725-1162-1 (ISBN)
Description
A major problem of conventional economic theory as applied to long-run economic change is its unduly narrow and static character, which compromises its capacity to handle conceptually a social process inherently systemic, complex and dynamic. At the same time there is a growing realization in relevant government and industrial circles (reinforced by the example of Japan) that effective economic policy-making needs a strategic, and therefore a technological, content.
Long-Run Economics suggests a more realistic conceptual framework for the analysis of economic and technological change. Borrowing from other disciplines, such as sociology, psychology and biology, the authors develop a model that is evolutionary and systemic in character. Special emphasis is given to the role of information flows in the innovative process, while the overall argument is illustrated by two case studies, photovoltaics and fuel ethanol. Finally, the book stresses the strategic importance of science and technology policy and the role of appropriate institutions in facilitating long-run economic change.
Long-Run Economics suggests a more realistic conceptual framework for the analysis of economic and technological change. Borrowing from other disciplines, such as sociology, psychology and biology, the authors develop a model that is evolutionary and systemic in character. Special emphasis is given to the role of information flows in the innovative process, while the overall argument is illustrated by two case studies, photovoltaics and fuel ethanol. Finally, the book stresses the strategic importance of science and technology policy and the role of appropriate institutions in facilitating long-run economic change.
More details
Series
Edition
1. Auflage
Language
English
Place of publication
London
United Kingdom
Publishing group
Bloomsbury Publishing PLC
Target group
Professional and scholarly
ISBN-13
978-1-4725-1162-1 (9781472511621)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
11/2013
Bloomsbury Academic
€192.60
Shipment within 15-20 days
Persons
Norman Clark is Professor of Innovation Systems and Development at the Open University, UK.
Calestous Juma is Professor of the Practice of International Development at the Harvard Kennedy School, Harvard University, USA.
Calestous Juma is Professor of the Practice of International Development at the Harvard Kennedy School, Harvard University, USA.
Content
List of Tables and Figures
Preface
Part I: Introduction
1. Epistemological Issues
Part II: New Approaches to Technical Change
2. The Economistic Paradigm
3. Evolutionary Approaches in Conventional Economics
4. Conceptual Tools
5. Towards an Evolutionary Theory of Economic Change
Part III: Case Studies of Technological Systems
6. Development of Ethanol Technological Systems
7. The Evolution of Photovoltaic Technology
8. Postscript
Part IV: Conclusions
9. In the Long Run: Institutions and Systems
Bibliography
Index
Preface
Part I: Introduction
1. Epistemological Issues
Part II: New Approaches to Technical Change
2. The Economistic Paradigm
3. Evolutionary Approaches in Conventional Economics
4. Conceptual Tools
5. Towards an Evolutionary Theory of Economic Change
Part III: Case Studies of Technological Systems
6. Development of Ethanol Technological Systems
7. The Evolution of Photovoltaic Technology
8. Postscript
Part IV: Conclusions
9. In the Long Run: Institutions and Systems
Bibliography
Index
