9781472514462

Long-run Economics An Evolutionary Approach to Economic Growth

by ;
  • ISBN13:

    9781472514462

  • ISBN10:

    1472514467

  • Format: Hardcover
  • Copyright: 2014-01-09
  • Publisher: Bloomsbury Academic
  • Purchase Benefits
  • Free Shipping On Orders Over $35!
    Your order must be $35 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • Get Rewarded for Ordering Your Textbooks! Enroll Now
  • eCampus.com Device Compatibility Matrix

    Click the device icon to install or view instructions

    Apple iOS | iPad, iPhone, iPod
    Android Devices | Android Tables & Phones OS 2.2 or higher | *Kindle Fire
    Windows 10 / 8 / 7 / Vista / XP
    Mac OS X | **iMac / Macbook
    Enjoy offline reading with these devices
    Apple Devices
    Android Devices
    Windows Devices
    Mac Devices
    iPad, iPhone, iPod
    Our reader is compatible
     
     
     
    Android 2.2 +
     
    Our reader is compatible
     
     
    Kindle Fire
     
    Our reader is compatible
     
     
    Windows
    10 / 8 / 7 / Vista / XP
     
     
    Our reader is compatible
     
    Mac
     
     
     
    Our reader is compatible
List Price: $128.00 Save up to $13.22
  • Buy New
    $124.16
    Add to Cart Free Shipping

    PRINT ON DEMAND: 2-4 WEEKS. THIS ITEM CANNOT BE CANCELLED OR RETURNED.

Supplemental Materials

What is included with this book?

  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
  • The eBook copy of this book is not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Summary

A major problem of conventional economic theory as applied to long-run economic change is its unduly narrow and static character, which compromises its capacity to handle conceptually a social process inherently systemic, complex and dynamic. At the same time there is a growing realization in relevant government and industrial circles (reinforced by the example of Japan) that effective economic policy-making needs a strategic, and therefore a technological, content.

Long-Run Economics suggests a more realistic conceptual framework for the analysis of economic and technological change. Borrowing from other disciplines, such as sociology, psychology and biology, the authors develop a model that is evolutionary and systemic in character. Special emphasis is given to the role of information flows in the innovative process, while the overall argument is illustrated by two case studies, photovoltaics and fuel ethanol. Finally, the book stresses the strategic importance of science and technology policy and the role of appropriate institutions in facilitating long-run economic change.

Author Biography

Norman Clark is Professor of Innovation Systems and Development at the Open University, UK.

Calestous Juma is Professor of the Practice of International Development at the Harvard Kennedy School, Harvard University, USA.

Table of Contents

List of Tables and Figures
Preface
Part I: Introduction
1. Epistemological Issues
Part II: New Approaches to Technical Change
2. The Economistic Paradigm
3. Evolutionary Approaches in Conventional Economics
4. Conceptual Tools
5. Towards an Evolutionary Theory of Economic Change
Part III: Case Studies of Technological Systems
6. Development of Ethanol Technological Systems
7. The Evolution of Photovoltaic Technology
8. Postscript
Part IV: Conclusions
9. In the Long Run: Institutions and Systems
Bibliography
Index

Rewards Program

Write a Review