Author: Nico Stehr Publisher: University of Toronto Press ISBN: 9780802078865 Category : Business & Economics Languages : en Pages : 388
Book Description
Changing economic circumstances - namely, an end to the primacy of labour and property as determinants of prosperity - have created a need for a new theoretical platform: one that transcends standard economic discourse.
Author: David Warsh Publisher: W. W. Norton & Company ISBN: 9780393066364 Category : Business & Economics Languages : en Pages : 464
Book Description
"What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." —Boston Globe A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers. Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.
Author: Constantin Brătianu Publisher: Cambridge Scholars Publishing ISBN: 1443891754 Category : Business & Economics Languages : en Pages : 265
Book Description
The current economy is more complex and surprising than ever before: global and local factors combine to shape a very diverse framework, where organizations and management practices are challenged. This book presents a selection of studies that deal with economic behavior, both at the macro and micro level. It presents some well-defined aspects and builds on a new understanding of decision-making and economic development based on ethics and knowledge. It also emphasizes the human factor in shaping business and economic strategies as part of the international competition and interdependencies.
Author: Nico Stehr Publisher: Routledge ISBN: 1317255925 Category : Social Science Languages : en Pages : 349
Book Description
Nothing affects modern society more than the decisions made in the marketplace, especially (but not only) the judgments of consumers. Stehr's designation of a new stage in modern societies with the term "moral markets" signals a further development in the social evolution of markets. Market theories still widely in use today emerged in a society that no longer exists. Consumers were hardly in evidence at all in early theories of the market. Today, growing affluence, greater knowledge, and high-speed communication among consumers builds into the marketplace notions of fairness, solidarity, environment, health, and political considerations imbued with a long-term perspective that can disrupt short-term pursuits of the best buy. Importantly, such social goals, individual apprehensions, and modes of consumer conduct become inscribed today in products and services offered in the marketplace, as well as in the rules and regulations that govern market relations. Stehr uses examples to illustrate these trends and build new theory fitting today's changing consumerism.
Author: Albino Barrera Publisher: Palgrave MacMillan ISBN: Category : Business & Economics Languages : en Pages : 312
Book Description
What is the appropriate criterion to use for distributive justice? Is it efficiency, need, contribution, entitlement, equality, effort, or ability? Globalization and Economic Ethics maintains that far from being rival principles of distributive justice, efficiency and need satisfaction are, in fact, complementary norms in our emerging knowledge economy. After all, human capital plays the central role in effecting and sustaining long-term efficiency in the Digital Age. This book explores the vital link between human capital formation and allocative efficiency using the properties of the market and the knowledge economy as analytical tools.
Author: David Rooney Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 324
Book Description
This fascinating Handbook defines how knowledge contributes to social and economic life, and vice versa. It considers the five areas critical to acquiring a comprehensive understanding of the knowledge economy: the nature of the knowledge economy; social, cooperative, cultural, creative, ethical and intellectual capital; knowledge and innovation systems; policy analysis for knowledge-based economies; and knowledge management. In presenting the outcomes of an important body of research, the Handbook enables knowledge policy and management practitioners to be more systematically guided in their thinking and actions. The contributors cover a wide disciplinary spectrum in an accessible way, presenting concise, to-the-point discussions of critical concepts and practices that will enable practitioners to make effective research, managerial and policy decisions. They also highlight important new areas of concern to knowledge economies such as wisdom, ethics, language and creative economies that are largely overlooked. Distinguished by a combination of practical relevance and analytical rigour, this Handbook provides new insights into the basic mechanisms that constitute a knowledge economy and society, and will be invaluable to practitioners and academics in diverse areas of interest, including: knowledge management, innovation management, knowledge policy, social epistemology, and development studies.
Author: Ajay Agrawal Publisher: University of Chicago Press ISBN: 0226833127 Category : Business & Economics Languages : en Pages : 172
Book Description
A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.
Author: Jan B. M. Goossenaerts Publisher: ISBN: Category : Languages : en Pages : 22
Book Description
The private sector is an important engine of growth and innovation. Yet, a private sector without an accordingly performing and developed public sector would it develop? In a thought experiment, let us imagine a market place where all land and water-surface is privately owned, and where the right of way for consumers and producers of goods and services must be negotiated with landowners. With all private individuals seeking maximal utility and minimal risk, decision problems and transaction costs would prohibit the emergence of an economic system beyond barter trade among neighbours producing goods within enclosed resource endowments. Under the conditions in the thought-experiment, mankind's discovery journey (Boorstin, 1983) would have been precluded, and so would have the agricultural, industrial and knowledge revolutions. History has taken a different course. Commons regimes have been gradually complemented with private property regimes, and subjects and those in power alike have been gradually disciplined by fit institutions. And indeed, those institutions have had a considerable impact on economic performance (North, 1990). Ill-designed institutions may lock-in an economy, and public sector enacted barriers are rightly feared by reformers. Yet, also private sector principals may derive rents from positions that act as barriers to others, as recognized by the Essential Facilities Doctrine. Looking at the knowledge economy and the technology and content uses that differentiate it from the industrial economy, it is not evident what exactly are the essential facilities that help or prevent principals exploiting the interdependencies among the division of labor, competence and market size. This essay questions the fitness of industrial-age institutions for the globalising and knowledge-intensifying economy. Particularly in the software and content sectors it identifies abuses of essential facilities and proposes enabling environment reforms to curb these abuses so as to spur learning and private sector development. For some institutional choice options, a pro-growth cause-effect chain is projected.
Author: Douglass C. North Publisher: Princeton University Press ISBN: 0691145954 Category : Business & Economics Languages : en Pages : 200
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.
Author: Aldo Geuna Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 240
Book Description
Of particular concern to Geuna (science and technology policy, U. of Sussex) is how the changing structure of university research funding is influencing research behavior. He considers the relationship between the allocation of funds and university scientific research productivity, and examines different aspects of European Union funding of university research. He presents empirical evidence supporting the hypothesis that tighter linkages between university and industry, which aim to increase the transfer of knowledge, may produce unintended negative effects. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Nico Stehr
Author: David Warsh
Author: Constantin Brătianu
Author: Nico Stehr
Author: Albino Barrera
Author: David Rooney
Author: Ajay Agrawal
Author: Jan B. M. Goossenaerts
Author: Douglass C. North
Author: Aldo Geuna