Further Economy Stability

MLP or Multilevel Perspective consists of three types, which are reproduction, transformation, and transition. MLP was originally developed to understand transitions and regime shifts. The basic ontology behind the MLP stems from the sociology of technology, where three interrelated dimensions are important: (a) socio-technical systems, the tangible elements needed to fulfil societal functions; (b) social [...]

Technological change does not feature prominently in most analysis of the boundaries of the firm. This argument may seem puzzling in that, in neoclassical economics, the boundaries of the firm are technologically determined by the relevant production function, but the approach taken both by the neo-classicists and later writers generally ignores the effects of subsequent [...]

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 [...]