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200309 ||| eng |
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|a 9781782545149
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|a HB97.3
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|a Antonelli, Cristiano
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|a Endogenous innovation
|h Elektronische Ressource
|b the economics of an emergent system property
|c Cristiano Antonelli
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| 260 |
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|a Cheltenham, UK
|b Edward Elgar Publishing Limited
|c c. 2017, 2017
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| 300 |
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|a 256 p.
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|a Part I Endogeneous innovation as a creative response. A reappraisal of the Schumpeterian legacy -- 1. Standing on giants' shoulders -- 2. Innovation as a creative response -- 3. Towards an evolutionary complexity of endogenous innovation -- 4. Innovation as an emergent system property -- Part II New frontiers in the economics of knowledge. The appropriability trade off reconsidered -- 5. A bird's view of the economics of knowledge -- 6. The derived demand for knowledge -- 7. The knowledge appropriability trade-off -- 8. Digital knowledge generation and the appropriability trade-off -- 9. Knowledge governance, pecuniary knowledge externalities and total factor productivity growth -- 10. A new framework of innovation and knowledge policy -- Part III Endogenous knowledge and technological congruence -- 11. Technological congruence and the economic complexity of technological change -- 12. A Schumpeterian approach to endogenous specialization in international trade -- 13. Schu
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|a Includes bibliographical references
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| 653 |
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|a Endogenous growth (Economics)
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| 653 |
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|a Evolutionary economics
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|a eng
|2 ISO 639-2
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| 989 |
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|b ZDB-1-EWE
|a Edward Elgar eBook Archive
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| 856 |
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|u https://www.elgaronline.com/view/9781782545132/9781782545132.xml
|x Verlag
|3 Volltext
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|a 330
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|a 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 to move away from the Darwinistic and biological accounts of evolutionary economics. This approach proves that firms, in out-of-equilibrium conditions, try to 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 engender the decline of the system's properties and push firms to adaptive responses 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
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