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- W4384935867 abstract "Abstract The chapter presents a broad historical overview of ‘what is there to be explained’, from the first episodes of industrialization to the contemporary patterns of growth and development. Rather than searching for mono-causal explanations, in the proposed interpretation, national systems of innovation and production develop, and advance (or do not) on the grounds of the co-evolutionary dynamics among five sub-domains, and related institutions, governing: (i) the generation of scientific knowledge; (ii) the development, improvement, adoption of new artefacts and new techniques of production (that is the domain of technology); (iii) the economic machine which organizes the production and distribution of goods, services and incomes, and together, information flows and governance modes; (iv) the political and legal structure; and (v) the cultural domain, shaping values, norms, and customs. We apply such a framework as an interpretative example to the First Industrial Revolution. More generally, each of the foregoing domain represent enormous ‘blackboxes’ awaiting to be opened. We shall do that in the following, concerning technology and innovation; the nature and dynamics of organizations; the theory of production; the patterns of consumption; markets and how they work; the structure and evolution of industries. The more macroeconomic and macro institutional domains will be left to Volume II." @default.
- W4384935867 created "2023-07-22" @default.
- W4384935867 creator A5060960665 @default.
- W4384935867 date "2023-07-06" @default.
- W4384935867 modified "2023-10-17" @default.
- W4384935867 title "Development, Growth, and Economic Coordination" @default.
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- W4384935867 doi "https://doi.org/10.1093/oso/9780192865922.003.0002" @default.
- W4384935867 hasPublicationYear "2023" @default.
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