| Description |
1 online resource |
| Series |
Cambridge elements. Elements in evolutionary economics |
|
Cambridge elements. Elements in evolutionary economics.
|
| Contents |
Cover -- Title page -- Copyright page -- Coevolution in Economic Systems -- Contents -- 1 Introduction -- 2 Coevolution: A Key Concept for Evolutionary Economics -- 2.1 The Evolutionary Approach to Socioeconomic Change -- 2.1.1 Key Preliminary Definitions -- 2.2 Coevolution and the Dynamics of Structurally Distinct Realms -- 2.3 Methodological Reflections -- 3 Coevolution in Markets -- 3.1 The Coevolution of Supply and Demand -- 3.1.1 Supply (Sector 1) -- Prices and Performance -- Demand-Driven Production and Costs -- R&D-Based Innovation -- Firms' Entry/Exit |
|
3.1.2 Demand of Capital Goods and Supply of Consumption Options (Sector 2) -- Overview -- Machine Choice by Each j-firm in Sector 2 -- 3.1.3 The Dynamics of the Final Consumption Market -- Firms' Entry/Exit -- 3.2 Prices, Knowledge Creation and Change in CoevolutionaryEnvironments -- 3.2.1 The Beta (a,b) Component of the Institutional Frame and the Viabilityof Multisectoral Coevolution in Innovative Environments -- 3.2.2 Innovation, Prices and Economic Change -- 3.3 Multisectoral Coevolution and Imperfect Selection -- 4 Coevolution of Technology and Institutions: Growth |
|
4.1 Coevolution of Practice, Institutions and Understanding -- 4.1.1 Technology -- 4.1.2 Coevolution of Practice, Institutions and Understanding -- 4.2 Technological Advance, Supporting Institutionsand Growth -- 4.2.1 Assumptions on Intra-sectoral Dynamics -- 4.2.2 Coevolution and Economic Growth -- 4.3 Innovation and Economic Catch-up -- 4.3.1 Preliminaries for the Choice Structure -- 4.3.2 Learning, Development and the T -Choice Structure -- 5 Capitalism and Democracy in Coevolution -- 5.1 The Increase in Living Standards and Public Opinion -- 5.2 Utopia Competition As a Coevolutionary Process |
|
5.2.1 Citizen Payoff -- 5.2.2 Intra-subsystemic Evolution -- 5.2.3 Inter-subsystemic Dynamics and Coevolution -- 5.2.4 Emergent Properties -- For Low values of ' -- Increasing values of ' -- 5.3 The Dynamics of Power in Capitalistic Democracies -- 6 Synthesis and the Road Ahead -- Appendices -- Appendix A Coevolution in Markets: Evolutionary Microfoundations for Sector 2, a Formal Analysis and the Two-Sectors Model in Pseudocode -- A1 Microfoundations for the Demand-Side of Sector 2 -- A2 A Formal Analysis for a Simplified Version of the Model -- A3 Parametric Values and the Model in Pseudocode |
|
Appendix B Utopia Competition: Microfoundations for the Replicator Dynamics and the Formal Analysis for One Isolated Subsystem -- B1 Microfoundations -- B2 A Formal Analysis for Intra-subsystem Dynamics -- References |
| Summary |
Coevolution in economic systems plays a key role in the dynamics of contemporary societies. Coevolution operates when, considering several evolving realms within a socioeconomic system, these realms mutually shape their respective innovation, replication and/or selection processes. The processes that emerge from coevolution should be analyzed as being globally codetermined in dynamic terms. The notion of coevolution appears in the literature on modern innovation economics since the neo-Schumpeterian inception four decades ago. In this Element, these antecedents are drawn on to formally clarify and develop how the coevolution notion can expand the analytical and methodological scope of evolutionary economics, allowing for further unification and advance of evolutionary subfields.-- Provided by publisher |
| Notes |
Online resource; title from digital title page (viewed on May 21, 2021) |
| Subject |
Evolutionary economics.
|
|
Coevolution.
|
|
Coevolution
|
|
Evolutionary economics
|
| Form |
Electronic book
|
| Author |
Fatas-Villafranca, Francisco, author.
|
| ISBN |
9781108854993 |
|
1108854990 |
|
9781108767798 |
|
1108767796 |
|
