Innovation, economics and evolution: theoretical perspectives on changing technology in economic systems
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York u.a.
Harvester Wheatsheaf
1994
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XI, 418 S. graph. Darst. |
| ISBN: | 0745012515 |
Staff View
MARC
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| 245 | 1 | 0 | |a Innovation, economics and evolution |b theoretical perspectives on changing technology in economic systems |c Peter Hall |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a New York u.a. |b Harvester Wheatsheaf |c 1994 | |
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| 650 | 4 | |a Desarrollo económico | |
| 650 | 7 | |a Entreprises - Technologie |2 ram | |
| 650 | 7 | |a Innovations - Aspect économique |2 ram | |
| 650 | 4 | |a Microeconomía | |
| 650 | 7 | |a Technische vernieuwing |2 gtt | |
| 650 | 4 | |a Tecnología - Aspectos económicos | |
| 650 | 4 | |a Wirtschaftspolitik | |
| 650 | 4 | |a Economic policy | |
| 650 | 4 | |a Technological innovations |x Economic aspects | |
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Record in the Search Index
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|---|---|
| adam_text | Contents
Acknowledgements xi
1 Innovation, systems and evolution 1
Aims 1
Technology and innovation 1
Economics and systems 2
Technological change and economic systems 4
Explaining system change: Two approaches to system change; 6
Mechanical; Evolutionary
Evolutionary reasoning: Natural selection; Evolutionary explanation 8
and other forms of explanation; Historicity and path dependence;
Gradual evolution versus punctuated equilibrium
Scientific metaphor in economics 12
Notes 15
References 15
2 Perspectives on innovation 17
Introduction 17
The process of innovation defined 17
Elements of the innovation process: Research and development 19
activities; Stages in the innovation process; Links, chains and
feedbacks
Paradigms, trajectories and the inner logic of innovation 28
The impact of technological change: Impact on production processes; 30
Impact on products; Impact on competitive structures
Production, technological progress and the language of economics: 37
General distinctions; Embodied and disembodied advance;
The economic approach to production; Representing technological
change
vii
i
viii Contents
Classification of biases: Factor augmentation; Factor saving biases 45
and concepts of neutral progress; Other dimensions of bias
Sources of innovation 54
Notes 57
References 57
3 Innovation and the economics of demand 60
Introduction 60
Consumer demand: The economic approach to consumer choice 61
Static consumer demand analysis: goods are goods approach 64
Static consumer demand analysis: address models; Lancaster s 72
characteristics approach; Hotelling s spatial approach
Consumers and rational behaviour 87
Dynamic demand analysis: Adoption and diffusion 91
Producers demand for inputs: Input demand in the short run: the firm; 106
Input demand in the short run: the industry; Input demand in the
long run; Demand for capital inputs: the investment decision
Appendix 116
Notes 118
References 119
4 Innovation and production costs 121
Introduction 121
The cost function: Production function, long run costs and simple 122
progress; Returns to scale and scale economies in the cost function;
The impact of progress: variations on a theme; Short run and
long run costs
Productivity, technical efficiency and cost 133
Economies of scale and technological change: Plant level; Multiplant 137
economies
The multiproduct cost function 142
R D costs 148
An evolutionary perspective: Routines and R D; Learning; 154
Complexity, competence and the use of routines
Notes 162
References 163
5 Innovation and the firm 167
Introduction 167
The firm in formal economic analysis: Exogenous technological progress 168
in the perfectly competitive firm; Exogenous technological change
and the monopolist; The incentive to innovate; Learning by doing
and monopoly
Costly innovation in the firm: R D expenditure on process and product 177
innovation: static analysis under certainty; Adjustment costs and
Contents ix
uncertainty in the R D investment decision; Uncertainty and the
speed of innovation; Diffusion within the firm; Strategic innovation
investment and entry barriers
Innovation, technology strategy and the boundaries of the firm: External 204
versus internal sourcing of new technology; Diversification
Entrepreneurship 212
An evolutionary perspective on innovation in the firm: An alternative 218
to profit maximisation
Appendix 224
Notes 226
References 227
6 Innovation, competition and industry structure 230
Introduction 230
Game theory, oligopoly pricing and the influence of technology: Games 231
and equilibrium; Equilibrium pricing and Bertrand duopoly;
Collusion
Interindustry variations in R D intensity: the game theoretic 239
approach to technological competition: Research intensity and
endogenous market structure: a static analysis; Research intensity
and endogenous market structure allowing for spill overs
Dynamic interactions: an introduction: Dynamic games; Asymmetric 251
incentives and patent sequences; Intrinsic asymmetries
Queries about game theory 263
Diffusion, competition and evolution: Diffusion of a single innovation; 266
Competing innovations and path dependence; Evolving
technology and changing industry structure
Appendix: Game theory: an introductory sketch: Nash 298
equilibrium in a Cournot oligopoly
Notes 304
References 306
7 Innovation and long run economic growth 309
Introduction 309
Theory of long term economic growth: The bedrock NGM; 310
Consumption and optimal growth; Exogenous technological
advance in the NGM: Issues for analysis
Endogenised bias 321
Endogenised pace of technical progress; Static increasing returns; 326
Dynamic increasing returns: LBD and learning by learning in
economic growth; Human capital accumulation: Research and
development; Embodiment and diffusion; Verdoorn s law
Many sectors and structural change: The Kuznets hypothesis: growth 345
and income distribution
x Contents
Disequilibrium, non linearity and evolutionary accounts of growth; 352
Nelson and Winter; Goodwin and cyclic growth; Evolution as
punctuated equilibrium
Notes 366
References 366
8 Technological progress and medium term macroeconomics 371
Introduction 371
A macroeconomic framework: Sources of unemployment 371
Technological change and unemployment: a more detailed analysis 377
Technological progress and the business cycle 380
Notes 382
References 383
9 The international dimension: trade, technology and growth 385
Basis of international trade: a static framework 385
Impact of exogenous changes in technology 389
Innovation, trade and growth 392
Appendix 1 398
Appendix 2 399
References 401
10 Conclusion 402
Units of analysis 404
Economic methods: equilibrium and evolutionary modelling 405
Survey of findings 407
References 410
Index 411
|
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| indexdate | 2024-07-09T17:40:03Z |
| institution | BVB |
| isbn | 0745012515 |
| language | English |
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| spelling | Hall, Peter 1948- Verfasser (DE-588)123970970 aut Innovation, economics and evolution theoretical perspectives on changing technology in economic systems Peter Hall 1. publ. New York u.a. Harvester Wheatsheaf 1994 XI, 418 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Desarrollo económico Entreprises - Technologie ram Innovations - Aspect économique ram Microeconomía Technische vernieuwing gtt Tecnología - Aspectos económicos Wirtschaftspolitik Economic policy Technological innovations Economic aspects Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Innovation (DE-588)4027089-0 gnd rswk-swf Innovation (DE-588)4027089-0 s Wirtschaftswachstum (DE-588)4066527-6 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006441399&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Hall, Peter 1948- Innovation, economics and evolution theoretical perspectives on changing technology in economic systems Desarrollo económico Entreprises - Technologie ram Innovations - Aspect économique ram Microeconomía Technische vernieuwing gtt Tecnología - Aspectos económicos Wirtschaftspolitik Economic policy Technological innovations Economic aspects Wirtschaftswachstum (DE-588)4066527-6 gnd Innovation (DE-588)4027089-0 gnd |
| subject_GND | (DE-588)4066527-6 (DE-588)4027089-0 |
| title | Innovation, economics and evolution theoretical perspectives on changing technology in economic systems |
| title_auth | Innovation, economics and evolution theoretical perspectives on changing technology in economic systems |
| title_exact_search | Innovation, economics and evolution theoretical perspectives on changing technology in economic systems |
| title_full | Innovation, economics and evolution theoretical perspectives on changing technology in economic systems Peter Hall |
| title_fullStr | Innovation, economics and evolution theoretical perspectives on changing technology in economic systems Peter Hall |
| title_full_unstemmed | Innovation, economics and evolution theoretical perspectives on changing technology in economic systems Peter Hall |
| title_short | Innovation, economics and evolution |
| title_sort | innovation economics and evolution theoretical perspectives on changing technology in economic systems |
| title_sub | theoretical perspectives on changing technology in economic systems |
| topic | Desarrollo económico Entreprises - Technologie ram Innovations - Aspect économique ram Microeconomía Technische vernieuwing gtt Tecnología - Aspectos económicos Wirtschaftspolitik Economic policy Technological innovations Economic aspects Wirtschaftswachstum (DE-588)4066527-6 gnd Innovation (DE-588)4027089-0 gnd |
| topic_facet | Desarrollo económico Entreprises - Technologie Innovations - Aspect économique Microeconomía Technische vernieuwing Tecnología - Aspectos económicos Wirtschaftspolitik Economic policy Technological innovations Economic aspects Wirtschaftswachstum Innovation |
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