Endogenous Innovation - The Economics of an Emergent System Property (Hardcover)

Tackling innovation as an endogenous process, this groundbreaking new book builds upon the Schumpeterian creative response by implementing the tools of complexity economics. This reappraisal of the Schumpeterian legacy allows the author to apply complexity economics to endogenous knowledge externalities and consequently move away from the Darwinistic and biological accounts of evolutionary economics. This approach proves that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of this reaction is contingent upon access conditions to knowledge externalities. Cristiano Antonelli demonstrates that the consequent introduction of innovations may, in turn, knock firms further out of equilibrium and cause positive changes in the system's properties that feed the introduction of further innovations. In addition, this can also engender the decline of the system's properties and push firms to adaptive response that drive the system towards an equilibrium without growth and change. This path dependent loop of interactions between the system properties and the individual actions of firms is central to this book. Paving the way to a new phase of evolutionary economics, the book's prime readership will be students and scholars who study and teach evolutionary economics, the economics of innovation and/or the economics of growth.

General

Imprint:	Edward Elgar Publishing Ltd
Country of origin:	United Kingdom
Release date:	September 2017
Authors:	Cristiano Antonelli
Dimensions:	234 x 156mm (L x W)
Format:	Hardcover
Pages:	240
ISBN-13:	978-1-78254-513-2
Categories:	Books > Business & Economics > Business & management > Business strategy Books > Business & Economics > Economics > Economic systems > General Books > Business & Economics > Business & management > Ownership & organization of enterprises > General
LSN:	1-78254-513-1
Barcode:	9781782545132

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!