The Diversity, Complexity, and Evolution of High Tech Capitalism

The Diversity, Complexity, and Evolution of High Tech Capitalism

by Sten A. Thore
     
 

View All Available Formats & Editions

The Diversity, Complexity, and Evolution of High Tech Capitalism re- examines some of the main portions of the discipline of economics from the point of view of economic change and creativity. There are two aspects to this perspective. First, diversity and complexity: the range of different kinds of high technology products available to consumers and producers

Overview

The Diversity, Complexity, and Evolution of High Tech Capitalism re- examines some of the main portions of the discipline of economics from the point of view of economic change and creativity. There are two aspects to this perspective. First, diversity and complexity: the range of different kinds of high technology products available to consumers and producers increases rapidly. As these hierarchies grow, they deliver ever more diversified and complex high tech goods. Powerful new corporations will emerge.
Second, self-organization and evolution: living organisms spontaneously establish patterns and order. So does the economy. Some of the patterns of the economic world used to be large, vertically integrated corporations and multinational corporations. This structure is now falling apart and new industrial patterns are emerging: small, narrowly specialized corporations.
The author argues that the US economy is currently experiencing a turbulent 'phase transition', moving from one phase of capitalism to the next. New species of corporations, markets, and economic institutions are emerging. A new and higher order of capitalism is crystallizing out of the present chaos.

Editorial Reviews

Booknews
An ode to economic change and creativity using evolution as its primary analogy, and arguing that the US economy is in a "phase transition" out of which a "new and higher order of capitalism" will develop and thrive. Kozmetsky (senior research scientist and economics instructor, U. of Texas, Austin) looks at the technology frontier from a retrospective vantage (telephones to robots), considering the economic and social logistics of high tech firms, nuclear power, biotechnology, and electronic banking. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9789401042888
Publisher:
Springer Netherlands
Publication date:
09/27/2012
Edition description:
Softcover reprint of the original 1st ed. 1995
Pages:
203
Product dimensions:
6.10(w) x 9.25(h) x 0.02(d)

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >