Description
Book SynopsisIn
Knowledge, Innovation and Economy, Witold Kwasnicki examines industrial dynamics from an evolutionary perspective, applying a biological model to the analysis of economic problems.
Focusing on issues of methodology, knowledge development, and cultural and social evolution, the first part of the book develops parallels, similarities and discrepancies between knowledge development and biological evolution. An evolutionary model of industrial development, presented in the second part of the book, incorporates both the industrial and innovation processes. The author compares and contrasts this model's behaviour with that of well-known, classical models of development. Contemporary economic problems relating to cumulative causation and path dependency are discussed in the final chapter.
Knowledge, Innovation and Economy provides new insights into industrial and economic development which will be welcomed by economists concerned with industrial processes and organization, the innovation process and technological change.
Trade Review'This book presents an excellent evolutionary analysis of core constructs of industrial economics using a simulation model targeted primarily on pricing strategy and product competition. . . . this is a solid contribution to the stream of work focused on the complexity of industry growth processes. . . . the work deserves attention from those using simulation models of industry development and those who are interested in developing the product/demand side of evolutionary theory.'Table of ContentsContents: Preface Part I: Knowledge and Evolution 1. Conventionalism in Socio-economic Analysis 2. Knowledge Development as an Evolutionary Process 3. Taxonomy of Knowledge Part II: Economy and Evolution 4. Neoclassical and Evolutionary Perspectives in Economics 5. The Evoluntionary Model of Industry Development 6. Economic Analysis and the Model 7. Innovation and Economic Development 8. Chance and Necessity in Economic Development Appendix: Basic Values of the Model Parameters Bibliography Index
