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.
General
Imprint: |
Bloomsbury Academic
|
Country of origin: |
United Kingdom |
Series: |
Bloomsbury Academic Collections: Economics |
Release date: |
November 2013 |
First published: |
2014 |
Authors: |
Norman Clark
• Calestous Juma
|
Dimensions: |
234 x 156 x 14mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
256 |
ISBN-13: |
978-1-4725-1446-2 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
1-4725-1446-7 |
Barcode: |
9781472514462 |
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