The Diversity, Complexity, and Evolution of High Tech Capitalism

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 ...

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Hardcover (1995)
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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.

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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)
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Product Details

  • ISBN-13: 9780792396390
  • Publisher: Springer Netherlands
  • Publication date: 6/30/2001
  • Edition description: 1995
  • Edition number: 1
  • Pages: 203
  • Product dimensions: 9.21 (w) x 6.14 (h) x 0.56 (d)

Table of Contents

Foreword
Ch. 1 The Changing Face of Capitalism 1
Ch. 2 New Webs and New Constituencies 19
Ch. 3 Messages, Images, and Robots 27
Ch. 4 The Technology Frontier 45
Ch. 5 Economic Logistics 61
Ch. 6 Of Princes, Diplomacy, and Battle Cries 75
Ch. 7 The Long Waves: Evolution or Chaos? 93
Ch. 8 Genetic Selection and Biotechnology 109
Ch. 9 Combustion, Fission, and Fusion 125
Ch. 10 Ventures and Start-up Companies 143
Ch. 11 Riches From Junk 155
Ch. 12 Thrifts and Banks in Turmoil 165
Ch. 13 The Social Management Of Technology: Where Are We Headed? 179
References 197
Index of Corporations and Executive Officers 199
About the Author 203
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