Conclusion

2019 ◽  
pp. 221-228
Author(s):  
Jason Potts
Keyword(s):  
Economic Theory ◽  
Economic History ◽  
Institutional Analysis ◽  
Sharing Economy ◽  
Economic Problem ◽  
Evolutionary Origin ◽  
Economic Evolution ◽  
Entrepreneurial Opportunity ◽  
Distributed Information ◽  
Economics Of Innovation

The chapter concludes the book by placing innovation commons in a broader sweep of economic history in order to emphasize the institutional origin of innovation as an outcome of cooperative pooling of information and knowledge. It argues that cooperation to create a common pool resource in order to discover entrepreneurial opportunities is the evolutionary origin of innovation. It explains the institutional origin of innovation as the governance to facilitate this cooperation in order to solve the fundamental economic problem of discovery of entrepreneurial opportunity. The solution is in the use of institutions to pool distributed information. It explores implications for economic theory, and particularly the increased importance of institutional analysis for understanding the economics of innovation, industrial dynamics and economic evolution. It concludes by arguing that the innovation commons is the original sharing economy.

Governing the innovation commons

2017 ◽  
Vol 14 (6) ◽  
pp. 1025-1047 ◽  
Author(s):  
JASON POTTS
Keyword(s):  
Economic Theory ◽  
Collective Action ◽  
Institutional Context ◽  
Selection Model ◽  
Economic Organization ◽  
Economic Evolution ◽  
Distributed Information ◽  
Institutional Economic ◽  
Opportunity Discovery ◽  
Fundamental Uncertainty

AbstractThis paper analyses the origin of innovation using institutional economic theory. Because of distributed information and fundamental uncertainty, an efficient institutional context for the economic organization of innovation in its early stages is often that of a common pool resource. The theory of theinnovation commonsdraws upon Hayek, Williamson and Ostrom to present the innovation problem as a combined knowledge problem, implicit contracting problem and collective action governance problem. Innovation commons theory also implies that Kirzner's model of entrepreneurial opportunity discovery extends to higher-order groups, suggesting a multilevel selection model of economic evolution.

American Institutional Studies: Present Knowledge and Past Trends

1971 ◽  
Vol 31 (1) ◽  
pp. 87-105 ◽  
Author(s):  
James H. Soltow
Keyword(s):  
Economic Theory ◽  
Economic History ◽  
Present Knowledge ◽  
Quarter Century ◽  
The Past

The production of economic history, like that in many fields of scholarly endeavor, increased sharply in the past quarter-century, compared to the rate of output in earlier eras. While the “new” economic history, with its emphasis on economic theory and measurement, has attracted considerable attention during the last decade, “traditional” economic history, written along institutional lines, has continued to be significant, both quantitatively (in terms of numbers of books and articles) and qualitatively (as assessed by contributions to our understanding of economic processes.)

Mercantilism Revisited

1980 ◽  
Vol 23 (4) ◽  
pp. 773-791 ◽  
Author(s):  
D. C. Coleman
Keyword(s):  
Economic Theory ◽  
Economic Policy ◽  
Seventeenth Century ◽  
Economic History ◽  
Extreme Case ◽  
Economic Thought ◽  
The State ◽  
Economic Situation ◽  
The Status

The intention of this paper is to look at some of the problems which arise in attempts to provide ‘explanations’ of mercantilism and especially its English manifestations. By ‘explanations’ I mean the efforts which some writers have made causally to relate the historical appearance of sets of economic notions or general recommendations on economic policy or even acts of economic policy by the state to particular long-term phenomena of, or trends in, economic history. Historians of economic thought have not generally made such attempts. With a few exceptions they have normally concerned themselves with tracing and analysing the contributions to economic theory made by those labelled as mercantilists. The most extreme case of non-explanation is provided by Eli Heckscher's reiterated contention in his two massive volumes that mercantilism was not to be explained by reference to the economic circumstances of the time; mercantilist policy was not to be seen as ‘the outcome of the economic situation’; mercantilist writers did not construct their system ‘out of any knowledge of reality however derived’. So strongly held an antideterminist fortress, however congenial a haven for some historians of ideas, has given no comfort to other historians – economic or political, Marxist or non-Marxist – who obstinately exhibit empiricist tendencies. Some forays against the fortress have been made. Barry Supple's analysis of English commerce in the early seventeenth century and the resulting presentation of mercantilist thought and policy as ‘the economics of depression’ has passed into the textbooks and achieved the status of an orthodoxy.

From Relevant to in Demand?

2018 ◽  
Vol 2018 (3) ◽  
pp. 3-22
Author(s):  
Andrey Shastitko
Keyword(s):  
Economic Theory ◽  
Economic History ◽  
Capital Accumulation ◽  
Karl Marx ◽  
Subsequent Development ◽  
Fundamental Question ◽  
Economic Research ◽  
Institutional Economic ◽  
Production Relations ◽  
Key Aspects

The article offers a survey of some of the ideas of Karl Marx in the context of the subsequent development of the new institutional economic theory in the 20th - early 21st centuries. It discusses various aspects of the unity of the historical and the logical in Marx’s Capital in the light of various ways of combining the historical and the theoretical in economic research, including a new economic history. The article considers the issues of the linkages between the problems of import and transplantation of institutes and the export of production relations, as well as the interaction of institutes and technologies, but in the context of the contradiction between productive forces and production relations, and possible parallels between the initial ideas of transaction costs and costs of circulation in the second volume of Marx’s Capital. It discusses the fundamental question of the absolute law of capital accumulation in the context of two key aspects of institutes - coordination and distribution.

The Economic Evolution of the Modern World: A Review Article

1966 ◽  
Vol 40 (3) ◽  
pp. 355-368
Author(s):  
S. G. Checkland
Keyword(s):  
Economic History ◽  
Review Article ◽  
Modern World ◽  
Economic Evolution ◽  
History Of ◽  
History Of Europe

Professor Checkland reviews the conceptualization, accomplishments, and challenges of volume VI of the Cambridge Economic History of Europe.

Wie viel Geschichte braucht die Ökonomie? Das Verhältnis von Theorie und Geschichte in evolutionstheoretischer Interpretation

2009 ◽  
Vol 50 (1) ◽  
Author(s):  
Kurt Dopfer
Keyword(s):  
Economic Theory ◽  
Economic History ◽  
Social Behaviour ◽  
Economic Thought ◽  
The Body ◽  
History Of Economic Thought ◽  
Communication Link ◽  
Evolutionary Ontology ◽  
History Of ◽  
Historical Element

AbstractEconomic History and History of Economic Thought haven been relegated increasingly from the teaching and research curricula of economics in recent years. The paper starts off arguing that this trend is due to the mechanistic ontology of mainstream economics, and it continues setting out an alternative evolutionary ontology expounding how the historical element must and can be integrated into the body of economic theory. Centre stage is a lingua franca composed of analytical terms that are designed to bridge the domains of theoretical and of historical economic analysis. Economists are viewed in their status as observers whose cognitive dispositions as well as social behaviour co-evolve with the environment they inhabit. Further advances in economic theory are seen as being critically dependent on employing an evolutionary approach and on establishing a communication link to economic history and the history of economic thought which likewise may get essential inspirations from applying that approach.

The Role of Comparison in the Development of Economic Theory

1957 ◽  
Vol 17 (4) ◽  
pp. 554-570 ◽  
Author(s):  
Sylvia L. Thrupp
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Economic History ◽  
Western Europe ◽  
Open Spaces ◽  
Body Of Knowledge ◽  
Development Of Economic Theory

Our conference today on comparative economic history is in some clanger of rushing into the wide-open spaces of ambiguity, for the term is new, and to agree too quickly on its meaning and implications may not even be desirable. In order to avoid engaging in a mere game of definitions, this paper will deal first with three general types of comparison in relation to their bearing on problems of evidence. It will then review some of the chief uses to which these types of comparison have been put in building up our body of knowledge about Western economic history. The survey will close with particular reference to our own preindustrial stages of economic growth, when western Europe was, in our uncomplimentary phrase, an underdeveloped or backward area.

The Relation of Economic History to Economic Theory

Economica ◽  
1946 ◽  
Vol 13 (50) ◽  
pp. 81 ◽  
Author(s):  
T. S. Ashton
Keyword(s):  
Economic Theory ◽  
Economic History

scholarly journals Impressions and Glimpses of the Socio-Economic History of Migrant Settlement in Glasgow

2020 ◽  
Vol 3 (1) ◽  
pp. 19-50
Author(s):  
Mohan Luthra
Keyword(s):  
World War Ii ◽  
Economic History ◽  
Ecological Factors ◽  
Community Relations ◽  
Economic Evolution ◽  
Enterprise Development ◽  
World War ◽  
Working Paper ◽  
History Of ◽  
The City

Accounts of the history of migrant and refugee settlement in Glasgow from mid nineteenth century onwards have been lacking in two aspects. Firstly, their arrival and settlement as well as their economic participation profile has not been placed in the context of the socio-economic evolution of the city. Secondly, a broader overview of the history of the arrival of a range of diverse migrant and settlement groups, their integration against a changing economic backdrop as well as ecological factors they encountered, and the implications of these for community relations, has not been constructed. In addition, there appears to have been little attempt to focus on this period with a view to identify if there are any patterns of community economic identities which evolved based on enterprise development as well as the challenges the entrepreneurial or commercial sections of the community may have faced. In this first of the two-part series of working papers we explore mainly the experience and challenges of the invisible minority’s settlement patterns in these respects and attempt to develop an impressionistic socio-economic picture. We attempt to do the same for the post World War II Asian (mostly Panjabi’s of Indian and Pakistan origin) communities’ arrival and settlement in a subsequent working paper to be published soon.

scholarly journals Essays in Applied Labor Economics, Including Analysis of Economic History and Laws & Economics

2018 ◽  
Vol 2 (2) ◽  
pp. 25
Author(s):  
James Edward Curtis Jr.
Keyword(s):  
Economic Theory ◽  
Labor Economics ◽  
Economic History ◽  
Economic Issues ◽  
Empirical Analyses

In this paper, James Edward Curtis, Jr. (2018) compiles essays on applied labor economics, economic history,and laws & economics to address economic issues. James Edward Curtis, Jr. (2018) considers economic theory,summary empirical analyses, and government & social constru

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