Further Economy Stability

Transformation is a vital process at the level of the economy as a whole, but it is often accomplished through flexibility and stability at the level of individual firms. In fact, the words flexibility and stability neatly characterize the technological evolution of the 90 per cent or more of modern economies that operate in established [...]

Evolutionary economics in general and technology studies in particular have tended to focus too much on supply-side considerations and competitive selection arguments. The consequence of this lopsided view is a poorly developed sense of the role of network and complexity analysis in understanding the process of economic transformation. We argued here that consumption is about [...]

Implicitly or otherwise, all talk of economic transformation is talk of a dynamical process. But a dynamical process can mean many things. So the question should be more specific: What kind of dynamical process is economic transformation? There are many ways of describing economic transformation. It may be a smooth and laminar process, for example, [...]