The Foundations of Complex Evolving Economies: Part One: Innovation, Organization, and Industrial Dynamics

The Foundations of Complex Evolving Economies provides an integrated analysis of the anatomy and physiology of the capitalist engine of generation and exploitation of technological, organizational, and institutional innovations. It aims to address two fundamental questions: the drivers and patterns of change of the capitalistic machine of production and innovation, and the mechanisms of coordination among self-seeking economic agents.

Format: Paperback / softback
Length: 752 pages
Publication date: 19 July 2023
Publisher: Oxford University Press

The Foundations of Complex Evolving Economies is a comprehensive exploration of the anatomy and physiology of the capitalist engine, responsible for generating and exploiting technological, organizational, and institutional innovations. It delves into the drivers of knowledge accumulation, the incorporation of knowledge into business firms, the processes of innovation-driven "Schumpeterian competition," and macroeconomic growth. By interpreting these patterns within the framework of complex evolving systems, the book aims to advance our understanding of these economies.

The primary focus of analysis lies in the historical emergence and development of modern capitalist economies, as well as their current functioning. The ambitious goal of the book is to address two fundamental questions at the heart of the economic discipline since its inception: the drivers and patterns of change in the capitalistic machine of production and innovation, and the mechanisms of coordination among self-seeking economic agents often characterized by conflicting interests.

To achieve this, the Manual takes a profoundly alternative perspective, considering various domains of analysis typically addressed or neglected by microeconomic texts. These include micro behaviors, the theory of the firm, the theory of production, consumption patterns, market dynamics, and industrial evolution. By integrating these diverse areas of study, the book provides a holistic understanding of complex evolving economies.

The Foundations of Complex Evolving Economies is a valuable resource for scholars, researchers, and policymakers seeking to gain insights into the complex dynamics of modern economies. It offers a comprehensive and interdisciplinary approach, combining economic theory, empirical research, and policy considerations to shed light on the drivers, patterns, and mechanisms shaping these economies.

Weight: 1256g
Dimension: 156 x 235 x 40 (mm)
ISBN-13: 9780192866042