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Localised Technological Change: Towards the Economics of Complexity

Hardcover
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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 ingredie...