Daniil Frolov
Digital Capitalism and New Institutionalism
Digital Capitalism and New Institutionalism
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The book explores the institutional complexity of digital capitalism and proposes a new interdisciplinary framework that combines cutting-edge theoretical approaches from philosophy, sociology, evolutionary biology, and cognitive science. It advocates for an enactivist notion of extended cognition and cognitive institutions and rejects the individualistic and mechanistic understanding of economic rationality in digital environments. The book includes a wide range of examples and is written for researchers in institutional economics and other social sciences.
Format: Hardback
Length: 230 pages
Publication date: 19 December 2023
Publisher: Taylor & Francis Ltd
Modern institutional economics emerged as a field of study to understand the institutions of pre-digital economies, employing reductionist approaches. However, the advent of digital capitalism has brought forth institutions of unparalleled complexity. This book contends that not only the economic institutions themselves but also the theoretical frameworks for studying these institutions must adapt to the digital era.
The central focus of the book is on the intricate institutional structure of digital capitalism. It develops an interdisciplinary framework that integrates cutting-edge theoretical perspectives from philosophy, sociology, evolutionary biology, and cognitive science. In particular, the book outlines a novel approach to studying institutional evolution, grounded in extended evolutionary synthesis, a new paradigm in evolutionary biology that is gradually replacing neo-Darwinism.
The book delves into the concept of extended cognition and cognitive institutions, challenging the individualistic and mechanistic understanding of economic rationality in digital environments. The author explores innovative philosophical approaches to investigate institutional complexity, such as the ideas of flat ontology and assemblage theory. The flat ontology approach is applied to the study of human-robot institutions and the exploration of post-anthropocentric institutional design. Assemblage thinking offers a fresh and less idealistic perspective on blockchain and smart cities.
In the book, blockchain, as a digital institutional technology, is examined not merely from the perspective of minimizing transaction costs, as is customary in modern institutional economics. Instead, it is approached through the lens of transaction value theory, which emphasizes the importance of imp.
Weight: 600g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032212364
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