Book Description
In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories.
North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances.
Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.
Customer Reviews:
Starts out great but fizzles out.......2006-12-25
North starts his book out emphasizing the important role played in economic development by the uncertainty of the future that impacts the decision makers whose actions will create technological and institutional change over time.This uncertainty is the uncertainty emphasized by Schumpeter,Keynes,Knight,Ellsberg,and Mandelbrot( or mild risk versus wild risk),as opposed to the risk emphasized by neoclassical economics in the form of the standard deviation of a normal probability distribution.Throughout the book North correctly emphasizes uncertainty and not risk as being the environment in which decision makers make choices that will determine future economic growth and change.Unfortunately,North devotes only one small paragraph on p.13 to this vital distinction(uncertainty versus risk).North needs to have spent much more time and pages carefully covering this distinction since it is crucial to understanding the process of economic change .North needs to provide the reader with at least two chapters devoted to covering the risk versus uncertainty topic.The only readers who will benefit from this book would be readers who have already read the relevant works of Knight ,Keynes,Schumpeter,Ellsberg,and Mandelbrot that deal with this topic.I would recommend that a potential reader first cover chapters 7 and 8 of Knight's 1921 book,Risk,Uncertainty and Profit ,and then read chapter 7 on the business cycle from Schumpeter's 1912 book The Theory of Economic Development.North needs to substantially revise the book .His preliminary chapter on cognitive psychology can be filled out more completely once he has added the chapters on uncertainty and its impact on the irreversible nature of investment in long run,long lived, physical,durable capital goods which is " cast in concrete " and essentially irrevocable.
Lacks the rigor of his previous books.......2006-10-19
The book's main conjecture can probably be best described backwards: at the end of a number of steps, the political and economic outcomes may be observed. These outcomes are the result of the behavior of a number of relevant actors. Their incentives are structured by the prevailing institutions, which, in North's understanding, consist of formal rules, informal norms, and their enforcement characteristics. Institutions themselves, however, are not exogenously given; they are created by humans who act intentionally. North argues that institutions are created based on the relevant actors' beliefs. If the results of the institutions people create are not as expected, people will update their beliefs--they will learn--and institutional change will continue endlessly. To understand the process of institutional change, then, one must understand how beliefs come into being, receive updating, and form the basis of human action. Such understanding is North's current goal....
North tries to deal with the question by delving into cognitive science. To understand how beliefs are formed and how humans learn, he asserts, we must first understand better how our brains work. Thus, he enters territory where, owing to the academic division of labor, economists are amateurs. However, rather than seriously engaging the relevant issues, he barely scratches the surface. Far from familiarizing the reader with the relevant issues by a thorough survey of recent discussions in cognitive science, he barely mentions two or three competing standpoints and then ends the chapter....
In sum, at the outset of my reading of this book, I hoped to find further substantial progress in the new institutional economics. While reading it, however, I realized that it lacked the rigor of the same author's previous books in this field of research. Instead of offering intriguing new arguments, North repeats questions without offering any real answers.
Economic Change For the Business Executive.......2005-11-24
I think everyone interested in general business, economics or business strategy should read this book. For some a topic as big as the one Professor North is tackling here might require thousands of pages and a great deal of analytical complexity.
Most students of economics recognize Nobel Prize winner Douglass North and his work. As a specialized student of management, finance and accounting, I am not qualified to analyze the work in relation to its place in the professional field of economics -- although I understand its intentions and direction. My review rather focuses on the relevance of Professor North's statement in this book as a guide for my students of corporate strategy, business policy, finance and accounting; including as well my many clients in executive positions and the practice of law.
The systems view of economic change provided by Professor North casts light on long-term organizational thinking and helpful to our search for corporate and business strategy models in the increasingly efficient capital market environment revealed by modern financial economics.
More to follow....
Book Description
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms.
To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium.
The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
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The Biology of Business is a blueprint for sparking self-organization, knowledge, and rapid change in any company. Edited by John Henry Clippinger III, the book is a collection of 10 essays about the complexity theory of managing. Authors include top business professors and leading consultants from McKinsey & Company and Ernst & Young. A major theme: Traditional top-down management methods no longer work in an age of fast technological change and world competition. Instead, people must be free to manage themselves and come up with new solutions. The book's goal is to show how some companies are keeping "their enterprises balanced between order and chaos--in that 'sweet spot' where creativity and resilience are at their maximum," writes Clippinger, CEO of Lexeme, an Internet software company. For instance, Philip Anderson, a business teacher at Dartmouth College, recounts how Capital One became a leading credit card issuer and a major growth company by encouraging innovation among all employees. In another piece, called "Adaptive Operations," William G. Macready and Christopher Meyer highlight complexity techniques at General Motors, John Deere and Co., and Mohawk Industries. The book is for business leaders seeking new tools for managing in today's volatile business environment. --Dan Ring
Book Description
Increasingly interconnected, volatile, and complex, today's organizations cannot be controlled by any conventional approach to management. Indeed, an entirely new definition of what it means to manage is called for. In The Biology of Business, John Clippinger and nine outstanding contributors introduce managers to the Complex Adaptive System (CAS) of management, a system that takes into account all of the variables that impact modern enterprises and allows managers to take control from the bottom up. Here, the authors show how McKinsey & Co., Capital One, and Optimark have employed CAS to achieve specific business goals and improve overall corporate fitness. And they bridge theory and practice to provide managers with proven tools and techniques they can use to transform their enterprises into self-renewing, self-organizing systems that are maximally responsive to changing market conditions and opportunities.
Customer Reviews:
A Good Read!.......2003-03-13
Like any compendium whose chapters were written by different experts, The Biology of Business has its ups and downs. As a collection of ten deeply informed essays on complexity theory management, its voices vary. But when you're in the perilous business of trying to predict just where the cutting-edge of technology will cut next, is that really a bad thing? The diversity and scope - what is now fashionably called "bandwidth" - of this volume surely could not be matched by any single author's work. As you read through topics as diverse as law, marketing, nurturing start-ups and the application of advanced biological concepts to management, you will indeed find yourself challenged to adapt. That's as it should be. Reading this book may change the way you perceive your business. As the biological paradigm continues to spread through consultants' minds like a complex adaptive mold spore, we from getAbstract strongly recommend this sophisticated book to help you stay au currant.
CAS: Perils and Opportunities.......2000-11-17
In the Foreword, Esther Dyson explains that this book explores "the details of complex adaptive systems (CAS) and how they apply to organizations and businesses. The underlying principles comprise the seven basic elements outlined by John Holland [in Hidden Order: How Adaptation Builds Complexity] for any self-organizing enterprise: aggregation, tagging, nonlinearity, flows, diversity, internal models, and building blocks. Master these basics and you will be better equipped to build an organization that can respond rapidly to complex and diverse challenges, in a distributed and self-coordinating way."
Clippinger serves as editor of ten separate but related essays, and, as the author of two of them. One of the most interesting concepts (discussed by Clippinger in the book's first chapter) is the "The Sweet Spot Between Excessive Disorder and Excessive Order." With Darwin's theory of Natural Selection in mind, Clippinger suggests that "The challenge to all forms of complex organization, from the simplest proteins to the most complex societies, is to survive in the particular `fitness landscape' in which they find themselves. In the starkest terms, the challenge of survival is that of searching an enormous landscape, or space of options, in sufficient time to avoid extinction." In times such as these when change is the only constant, it follows that the "sweet spot" is mobile; how we define "excessive" disorder and disorder today, therefore, may well be inadequate (if not dead wrong) tomorrow.
In the final chapter, "Emergent Law and Order: Lessons in Regulation, Dispute Resolution, and Lawmaking for Electronic Commerce and Community", David R. Johnson has some especially informative comments on the subjects indicated by the chapter's title. If change is the only constant, if measurements of "excessive" order and "disorder" are themselves volatile, what hope is there for organizations which must compete in such an environment? Johnson observes: "The lawmaker and dispute resolver of today must be more gardener than sovereign, building a trellis, grafting new plants, fertilizing open ground. The wise ones, who know they can only water and weed, not manufacture or command, will be rewarded with the knowledge that their actions will lead to a richer social and economic harvest."
Don't be misled. This brief excerpt is not from the script for the film Being There in which the mentally-challenged character played by Peter Sellers unknowingly suggests correlations between agriculture and economics. Johnson's metaphors are apt and highly sophisticated, correctly suggesting all manner of complex and profound implications which can be derived from the aforementioned "underlying principles" which comprise "the seven basic elements" outlined by Holland. If your organization needs help with "decoding the natural laws of enterprise", I highly recommend the essays so carefully organized withn this book.
A practitioners guide to complexity.......2000-08-27
This book is a must read for anyone struggling to understand, much less manage in the chaos of the new economy. It has become required reading for every new executive hire in our company. We are building a corporate culture based upon the principles of self-organization and in our vision, strategy, and execution we apply the principles and insights elaborated in this book. The different chapters ground what can be abstract theory in concrete examples on how CAS perspective can be applied to business problems. We are not alone in our enthusiasm for this book: Jay Walker, the founder of Priceline and Walker Digital is a careful reader of the book and has advocated it for his company and his business partners. Robert Galvin, former Chairman of Motorola, and now Chairman of The Board of Trustees of the Santa Fe Institute, has recommended it for his Board of Trustees. The book helps makes sense of how new networks can emerge from the bottom up to challenge and displace traditional distribution and market channels. This is where the world is going and this is one of the few books to provide a CAS framework that makes sense to the business person.
Provocative Con.......2000-08-02
Another book on how to manage using the principles and theory of complex adaptive systems (CAS). The author/editor, John Clippinger suggests the book is not for beginners; you should have some background in CAS before reading the book. So I for one get excited, with all the hype surrounding CAS I'm hoping here's something that sorts the wheat from the chaff. But I am disappointed. All I find is the 7-point guide of John Holland regurgitated for those that haven't read [his] book "Hidden Order". But I had, and that book left lots of questions unanswered. Yet here is Clippinger carrying on as if Holland's 7-point version of how life works was the final say and all that is left is for consultants come-wanna-be authors to apply it to real world problems. The book has got a provocative title and a good list of contributing authors, but that's the whole problem. A provocative con. For example the contribution from W. Brian Arthur ( a big name in the CAS world) only to find the piece is a reproduction (with permission) that I read elsewhere two years earlier. I don't think Clippinger has even met Arthur. For those interested in CAS the book adds no value, it is reductionist in principle, which Holland corrected in his later book "Emergence", and those that know nothing of CAS would not read it anyway.
An insightful awakening to the needs of management.......2000-01-13
Clippinger and his stellar collection of contributors nail the key issues for management in the 21st century. The frenetic rate of change and complexity is forcing all leaders to re-evaluate how their businesses are run. This book crisply presents concepts that make sense not only for business leaders but for everyone. We are living in a time when standardization has been replaced by customization and Clippinger points ou t that our old paradigm of top-down management is similarly out of date. Get with the program and create a team. Open up channels of communication that allow bottom-up, creative decision making. Just as medicine has finally admited that the mind-body-spirit-connection does indeed exist and even contributes to the health of the individual, so too does Clippinger remind us that there is a undeniable interconnectedness between the management, staff, customers and outside environment for every company and that the strength, flluidity and frequency of their communications and connections contributes to the health of a company. To embrace this new reality of multiple touch, bottom-up information flow, a new management paradigm is needed and Clippinger provides insights as well as techniques on how to deploy one. A great read and a must read for anyone who considers themselves an active participant in the 21st century.
Catharine Arnston January 2000 Boston, MA
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Evolutionary Economics.......2007-03-08
No problem has given rise to more disagreement among economists than that of economic and social change. Is it a mechanical static concept concerned mainly with economic equilibrium, or an evolutionary dynamic, one concerned with growth, development, and expansion? Hamilton argues that how one answers this question is the fundamental point of difference between classical economics and evolutionary or institutional economics. Hamilton defines classical economists as all those in the economic mainstream, from Adam Smith to John Maynard Keynes, and institutional economists as only those who are followers of Thorstein Veblen. He traces the origin and development of the two points of view by showing how economists have dealt with the problem of change since the time of Smith. He discusses the Newtonian and Darwinian frames of references: change and human nature, change and social organization, and change and progress. For Hamilton, economics as a science is part of a continuum with the other social sciences, one capable of incorporating the major sociological, as well as the economic issues of the twentieth century. It is in theories of dynamics, he charges, that the classical theoretical structure is without foundation, because it accepts a mechanical and essentially static concept instead of a cumulative cultural outlook.
In reviewing Evolutionary Economics, in The Economic Journal, S. G. Checkland said that it should be read as a vigourous attempt to relate economic to general thinking and as a challenge to those who are practitioners of elaborators of narrowly prescribed techniques. The work is of particular interest to social scientists interested in economic development, where the static concepts of conventional theory seem least applicable and where an adequate concept of social and economic change is vital.
--- from book's back cover
Book Description
In January 1995 the first Complexity Seminar was held at the London School of Economics, in the UK. This was quite a momentous occasion as it proved to be the turning point for the series of seminars, which had started in December 1992. That seminar and those that followed it, had a profound effect on the research interests of Eve Mitleton-Kelly, the initiator and organiser of the series and editor of this volume, and thus laid the foundation for what became the LSE Complexity Research Programme, which proceeded to win several research awards for collaborative projects with companies. But the series also provided the material for this book. Earlier versions of the papers selected for this volume were first given at the LSE Complexity Seminar series.
The seminar series, focussed primarily on the application of the theories of complexity to organisations - an area of study which was quite new to UK businesses and academics; it slowly helped to disseminate these ideas and today, there is a proliferation of networks and seminar series throughout the UK on complexity; a strong and active academic community studying complexity in different disciplines and a growing number of organisations, experimenting with these revolutionary ideas and putting them into practice.
The 14 international authors in this volume reflect this interest in 10 chapters that range from the very practical application of the theory to more philosophical reflections on its nature and applicability. They do not all agree with each other, but since diversity and variety is at the heart of complexity they each provide a strand of an intertwined whole, which will enrich and deepen our understanding. In an environment of increasing uncertainty and ambiguity it is necessary to learn how to hold, in tension, disparate or even contradictory views, without undue stress. The world is not a simple dyadic black or white entity, but a rich multi-coloured and many-hued ensemble, each strand or perspective contributing to an intricate and inter-related n-dimensional whole.
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Evolutionary Dynamics of Organizations
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The Demography of Corporations and Industries
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An Evolutionary Theory of Economic Change (Belknap Press)
ASIN: 0195085841 |
Book Description
This book presents the latest research and theory about organizational evolutionary change. It brings together the work of organization theorists who have played key roles in challenging the orthodox adaptation views that prevailed until the beginning of the 1980s. Joel A.C. Baum and Jitendra V. Singh emphasize hierarchy of evolutionary processes at the intraorganizational level, the organizational level, the population level, and the community level. Derived from a conference held at the Stern School of Business at New York University, Evolutionary Dynamics of Organizations is organized in a way that gives order and coherence to what has been a diverse and multidisciplinary field.
Customer Reviews:
Conceptual Confusion.......2007-08-11
"Evolution" is not the right word for what Baum is talking about. "Learning" is. Evolution can take place among the population of, say, retail bakeries over time. They are started, they grow, they multiply outlets, they are absorbed by other entities, they close up shop. If a single organization changes, that is not usefully called evolution. It is LEARNING. What might be a mere semantic issue were it buried somewhere in the text, is a fairly reliable indicator of conceptual confusion in a chapter heading -- or a book title.
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- Interesting reading and analytic edge
- schumpeter revisited
- A thoughtful and highly useful book
- A Lego Box of Valuable Ideas
- A Multi-Dimensional Examination of a Basic Concept
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Creative Destruction: Business Survival Strategies in the Global Internet Economy
Manufacturer: The MIT Press
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ASIN: 026263256X |
Book Description
More than fifty years ago, Joseph Schumpeter stated that processes intrinsic to a capitalist society produce a "creative destruction," whereby innovations destroy obsolete technologies, only to be assaulted in turn by newer and more efficient rivals. This book asks whether the current chaotic state of the telecommunications and related Internet industries is evidence of creative destruction, or simply a result of firms, governments, and others wasting valuable resources with limited benefits to society as a whole. In telecommunications, for example, wireless, IP, and cable-based technologies are all fighting for a share of the market currently dominated by older, circuit-switched, copper-terminated networks. This process is accompanied by mergers, acquisitions, bankruptcies, and investment and divestment in worldwide markets.
The selections discuss the primary challenge facing firms, governments, and other players: how to exploit the opportunities created by such destructive dynamics. They highlight the importance of national regulations promoting competition and nonmonopolistic market structures, as well as the role of new technologies such as the Internet in driving down the price and speeding the diffusion of innovative products and services in telecommunications, media, electronic retailing, and other "new economy" industries.
Customer Reviews:
Interesting reading and analytic edge.......2001-11-08
It is a thorough analysis of the technological advances of our era and the depth of the internet industry. I was particularly interested in the implications for Latin America and the technological transfer from liberalization. It is a useful book for practictioners and for more academic minds.
schumpeter revisited.......2001-07-19
Creative Destruction presents a fascinating revival of an old concept in the context of recent technological developments and innovation. It offers a brilliant account of how information technologies accelerate the process of creative destruction today and helps understand how information society articulates with in a wider framework of economic history. Those interested in Latin America will appreciate, in particluar, the recent developments in the telecommunications industry in the region.
A thoughtful and highly useful book.......2001-07-10
This is an outstanding collection of articles. These papers combine scholarly depth with usefulness for practitioners. They will help you understand where we've been and forecast where we are going with the Internet. I teach courses on Internet Business Strategy and will use this collection next year. My favorites are Baumol's "Innovation and Creative Destruction; McKnight's "Internet Business Models: Creative Destruction as Usual" and Lehr's "A New Theory of the Internet Firm." They provide a solid conceptual basis for understanding the implications of the Internet economy. One thing truly unique about this book is the thoughtful and detailed discussions of the implications of the Internet on international business. There are six papers that focus on these issues. I have not seen this anywhere else. In a world where people publish books peddling derivative nostrums about the network economy, it's a pleasure to finally find one that deals with these issues in a serious, thoughtful and, most of all, useful way.
A Lego Box of Valuable Ideas.......2001-05-08
Rather than focusing on a single angle and building a long argument in its favor, this compendium's treatment of diverse dimensions of creative destruction lets the reader paint his or her own picture of the net effects of Schumpeter's famous concept. The book's 11 articles touch on topics as diverse as the future of telecommunications firms in a Net-centric world, the impact of regulatory reform on the Internet in Europe, the institutional barriers to Internet-driven creative destruction in Japan, and the impact of open-source software business models.
Creative Destruction is a Lego-box of interesting ideas that managers and academics can recombine into constructs valuable to their work, teaching, or research. I found it very rich reading.
A Multi-Dimensional Examination of a Basic Concept.......2001-04-13
There are three recent publications with the same title (Creative Destruction) whose authors correlate Joseph Schumpeter's concept of "creative destruction" with the contemporary business world. Foster and Kaplan explain "why companies that are built to last underperform the market -- and how to successfully transform them" whereas in their work, Nolan and Croson offer "a six-stage process for transforming the organization." In the third volume co-edited by McKnight, Vaaler, and Katz, various authors and co-authors of 13 anthologized essays examine various "business survival strategies for the global Internet economy." I highly recommend all three volumes as well as two of Schumpeter's works: Capitalism, Socialism and Democracy, and, Essays: On Entrepreneurs, Innovations, Business Cycles, and the Evolution of Capitalism.
This book grew out of a symposium held at the Fletcher School of Law and Diplomacy at Tufts University in the spring of 1999. The topic was "Creative Destruction -- or Just Destruction?" Those who presented papers were asked to address "the key technological, regulatory, organizational, and competitive dynamics compelling change in the way firms and stakeholders do business in an increasingly global and Internet-centric society." At the symposium there were (and in this volume there are) four points which are consistent with the theme of "creative destruction":
The Destruction of Traditional Industry Structures
The Destruction of Traditional Regulatory Structures
The Destruction of Traditional Competitive Positioning Strategies
The Destruction of Traditional Technological Assumptions
It is important to keep in mind that this is not a manual. Although there are numerous suggestions, checklists, points of emphasis, graphic illustrations, and examples offered, the volume's primary purpose is to stimulate continued discussion and debate on the major challenges now facing firms, governments, and other players -- while suggesting "how to exploit the new opportunities created by creative dynamics."
The material is organized within five Parts: Introduction, Theory and Practice of Creative Destruction, The Global Context for Creative Destruction, Business Destruction Strategies in the Global Internet Economy, and Creative Business Survival Strategies. For the reader's convenience, the editors offer brief comments about each subject and about each of those who address it. After reading the excellent Introduction, you may decide not to read the everything that follows from beginning to end. In that event, select what is directly relevant to your and your organization's most immediate and urgent needs and interests. (In all probability, some of those needs and interests will soon change.) The editors provide three supplementary sections (Contributors, Notes, and References) which assist and encourage further study as well as "continued discussion and debate."
I am curious to know what Schumpeter would say about the material in this book if he were discussing it as I am now. My guess (only a guess) is that he would observe that his basic concept of "creative destruction" remains relevant but the process is occurring at an ever-increasing velocity and in ways and to an extent he could not have envisioned 50-60 years ago. Another guess (only a guess) is that, based on what is now happening (and not happening) in the global community, he would suggest that process of "creative destruction" in all organizations (regardless of their size or nature) has only begun. The Chinese character for the word "crisis" has two meanings: "peril" and "opportunity." For many (perhaps most) organizations, the process of creative destruction means death; for others, it offers the opportunity for at least survival and perhaps regeneration. The authors represented in this superb volume help us to understand the differences between the two groups....also, the probable consequences of those differences.
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The Divergent Dynamics of Economic Growth: Studies in Adaptive Economizing, Technological Change, and Economic Development
Richard H. Day
Manufacturer: Cambridge University Press
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This volume explains how changing technology and economizing behavior induce vast changes in productivity, resource allocation, labor utilization, and patterns of living. Basing his work on a new and original synthesis of classical economics and contemporary concepts of adaptation and economic evolution, Richard Day asserts that economic growth, viewed from a long-term perspective, must be characterized as an explosive process, interpreted by turbulent transitions in social and political life as societies adapt to new life styles and opportunities and to the vast increase and redistribution of human populations.
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This book explains how changing technology and economizing behavior induce vast changes in productivity, resource allocation, labor utilization, and patterns of living. Economic growth is seen as a process by which businesses, regimes, countries, and the whole world pass through distinct epochs, each one emerging from its predecessor, each one creating the conditions for its successor. Viewed from a long run perspective, growth must be characterized as an explosive process, marked by turbulent transitions in social and political life as societies adapt to new opportunities, the demise of old ways of living, and to the vast increase and redistribution of human populations. The book is based on a new and unique synthesis of classical economics and contemporary concepts of adaptation and economic evolution. Although it is based on analytical methods, the text has been stripped of all equations and with few exceptions is devoid of technical jargon.
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Employment, Technology and Economic Needs: Theory, Evidence, and Public Policy
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ASIN: 185898680X |
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After more than twenty years of orthodox economic policy in Europe, the scourge of unemployment remains. This impressive book goes beyond the neo-classical theory of employment and develops sound policy guidelines to tackle the global problem of unemployment. Employment, Technology and Economic Needs provides the latest thinking on issues of employment, unemployment and economic policy. The book is explicitly interdisciplinary in scope and international in coverage, including European and US country case studies. Its authors include economists, management scientists, sociologists and economic geographers. Together they provide the most comprehensive analysis to date of the problems of unemployment and poor economic performance from a broadly institutional and evolutionary perspective. The book reports the latest academic research, while clearly documenting the implications for public policy. The authors discuss the effectiveness of policy prescriptions such as negative income taxes, the International Labour Organization agenda, a fiscal system based on eco-taxation, a reduction of working time and developing a 'corporatist' system as a means to develop employment opportunities. Written in an accessible style, this book will be vital reading for all those interested in the fields of employment, technology and macroeconomic and industrial policy. It will also be of interest to anyone concerned with economic policy issues and human welfare.
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Evolutionary Economics and Creative Destruction (Graz Schumpeter Lectures, 1)
J. Metcalfe
Manufacturer: Routledge
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ASIN: 0415158680 |
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The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as coordinating institutions.
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The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium.
Books:
- Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights
- Wheelock's Latin (Wheelock's Latin)
- Why Geography Matters: Three Challenges Facing America: Climate Change, the Rise of China, and Global Terrorism
- WORDS THAT WORK: IT'S NOT WHAT YOU SAY, IT'S WHAT PEOPLE HEAR
- World Trade and Payments: An Introduction (9th Edition)
- Zen: The Path of Paradox
- A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
- Accounting 1-26 and Integrator CD (6th Edition) (Charles T Horngren Series in Accounting)
- Adolescent Portraits: Identity, Relationships, and Challenges (5th Edition)
- AP Comparative Government and Politics: A Study Guide, 2nd Edition
Books Index
Books Home
Recommended Books
- Management Information Systems for the Information Age with CD and MISource
- History: Fiction or Science
- A Portfolio of Fireplace Ideas
- Bent Ply
- Discovering the Essential Universe
- FLIP: How to Find, Fix, and Sell Houses for Profit
- Faithless
- Internal Control: A Manager's Journey
- Casa California: Spanish-Style Houses From Santa Barbara to San Clemente
- Child Care and Preschools in Metro Denver, 2000-2001 Edition: The Comprehensive Guide to Preschools
Economic Origins of Dictatorship and Democracy
Institutions, Institutional Change and Economic Performance (Political Economy of Institutions and Decisions)
Institutions and the Path to the Modern Economy: Lessons from Medieval Trade (Political Economy of Institutions and Decisions)
The Moral Consequences of Economic Growth
Knowledge and the Wealth of Nations: A Story of Economic Discovery
