Introduction
Introduction
Dosi believes that there are three basic questions at the core of economics which this book will cover:
- The drivers and patterns of change (within capitalism) for production and innovation
- The mechanism of co-ordination among a multitude of self-serving agents, many of whom are often competing with each other
- Why some countries succeeded in industrialism and others remained dramatically poor.
Dosi’s analysis of these questions is to advance our interpretation of patterns within economics which are seen as complex evolving systems. This book will cover:
- Understanding the economy as a complex evolving system, applied to the history of the emergence and development of modern capitalist economies
- Detailed analysis of the sources, procedures, and effects of technological innovation
- Capability-based theory of the firm seen as evolving problem-solving entities
- Explores how do markets actually work
- Outlines patterns of evolution of industries driven by firm learning, competition and market selection, entry and exit processes
Chapter breakdown and analysis:
Chapter 1: understanding the production and use of knowledge (innovation) as an economic concept and grasping the ability to deconstruct the idea that innovation means progress.**
Chapter 3: Innovation as an Evolutionary Process