Localised Technological Change: Towards the Economics of Complexity [NOOK Book]

Overview

The extent to which firms can react creatively to rather than adjust passively against new techniques and practices is dependent on their command of technological knowledge and relative competence. This book explores the characteristics of the path dependent dynamics of localized technological change, demonstrating how the economics of complexity can inform our understanding of the economics of innovation and ...

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Localised Technological Change: Towards the Economics of Complexity

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Overview

The extent to which firms can react creatively to rather than adjust passively against new techniques and practices is dependent on their command of technological knowledge and relative competence. This book explores the characteristics of the path dependent dynamics of localized technological change, demonstrating how the economics of complexity can inform our understanding of the economics of innovation and vice versa.



The book is structured in three parts: part one focuses on the ingredients of the economics of localized technological change, focusing on the legacies of the key economists and a critical assessment. Part two explores the governance of the generation, dissemination, use and exploitation of localized technological knowledge. Part three elaborates on the basic dynamic mechanisms of localized technological change, combining theory with specific empirical models. The final perspectives articulate the relations between the economics of localized technological change, the economics of path dependence and the challenge of the emerging economics of complexity.


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Product Details

Meet the Author

Cristiano Antonelli holds the chair of Political Economy of the University of Torino, where he is also the Director of the Department of Economics Cognetti de Martiis and of BRICK (Bureau of Research on Innovation, Complexity and Knowledge) at the Collegio Carlo Alberto. He is the the managing editor of Economics of Innovation and New Technology. His previous book The Economics of Innovation, New Technologies and Structural Change (2003) is also available from Routledge.

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Table of Contents

List of figures

List of tables

1 Introduction 1

Pt. I The ingredients 15

2 The dynamic legacies: Smith, Marx, Marshall and Schumpeter 17

3 Localised technological change: a critical assessment 47

Pt. II The governance of localised technological knowledge 63

4 Information economics for the economics of localised technological knowledge 65

5 Models of knowledge and systems of governance 84

6 The new dimensions of knowledge indivisibility: fungibility, cumulability, compositeness and stickiness 108

7 Knowledge and the theory of the firm: the interdependence among transaction, coordination and production 120

8 The localised generation and appropriation of technological knowledge 135

9 To use or to sell technological knowledge 150

10 The governance of localised knowledge in the business sector 167

11 The new economics of the university: a knowledge governance approach 193

12 Towards non-exclusive property rights: knowledge as an essential facility 215

Pt. III The introduction of localised technological change 243

13 Localised technological change: the benchmark 245

14 The system dynamics of collective knowledge: from gradualism and saltationism to punctuated change 263

15 Factor markets: constraints and inducements to innovation 282

16 Localised product innovation: the role of proximity in the Lancastrian product space 301

17 Diffusion as a process of creative adoption 316

18 Path dependence and the quest for complexity 333

19 Conclusions: hysteresis and creativity 356

Notes 364

References 379

Index 397

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