Post by Sapphire Capital on Aug 1, 2008 20:28:19 GMT 4
Complexity Thinking and Evolutionary Economic Geography
Ron Martin
University of Cambridge - Gonville & Caius College
Peter Sunley
Journal of Economic Geography, Vol. 7, Issue 5, pp. 573-601, 2007
Abstract:
Thus far, most of the work towards the construction of an evolutionary economic geography has drawn upon a particular version of evolutionary economics, namely the Nelson-Winter framework, which blends Darwinian concepts and metaphors (especially variety, selection, novelty and inheritance) and elements of a behavioural theory of the firm. Much less attention has been directed to an alternative conception based on complexity theory, yet in recent years complexity theory has increasingly been concerned with the general attributes of evolutionary natural and social systems. In this article we explore the idea of the economic landscape as a complex adaptive system. We identify several key notions of what is being called the new complexity economics , and examine whether and in what ways these can be used to help inform an evolutionary perspective for understanding the uneven development and adaptive transformation of the economic landscape.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1155700
Ron Martin
University of Cambridge - Gonville & Caius College
Peter Sunley
Journal of Economic Geography, Vol. 7, Issue 5, pp. 573-601, 2007
Abstract:
Thus far, most of the work towards the construction of an evolutionary economic geography has drawn upon a particular version of evolutionary economics, namely the Nelson-Winter framework, which blends Darwinian concepts and metaphors (especially variety, selection, novelty and inheritance) and elements of a behavioural theory of the firm. Much less attention has been directed to an alternative conception based on complexity theory, yet in recent years complexity theory has increasingly been concerned with the general attributes of evolutionary natural and social systems. In this article we explore the idea of the economic landscape as a complex adaptive system. We identify several key notions of what is being called the new complexity economics , and examine whether and in what ways these can be used to help inform an evolutionary perspective for understanding the uneven development and adaptive transformation of the economic landscape.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1155700