Long-run Economics: An Evolutionary Approach to Economic Growth - Hardcover

Clark, Norman; Juma, Calestous

Hardcover

ISBN 10: 0861879031 ISBN 13: 9780861879038

Publisher: Continuum International Publishing Group Ltd., 1987

Synopsis

The aim of this book is to develop a more realistic conceptual framework for the analysis of technological and economic change than is provided by conventional economies. Case studies are used to illustrate the argument that a framework for analysis of socio-economic growth and development should be evolutionary in character. Central to this are propositions: that technological change, broadly defined, is a key characteristic of socio-economic transformation; and that economic systems are ultimately propelled through time by the innovations originating within the science/technology system itself. Market influences, though important, act largely as selection mechanisms. A basic argument of the book is that an evolutionary approach to long run socio-economic change provides better insights into relevant aspects of the policy process, particularly those concerning the disposition of resources to science and technology. For this reason, special emphasis is given to science and technology policy.

About this title

About the Author

Norman Clark is Professor of Innovation Systems and Development at the Open University, UK.

Calestous Juma is Professor of the Practice of International Development at the Harvard Kennedy School, Harvard University, USA.

Edition details

• Publisher: Continuum International Publishing Group Ltd.
• Publication date: 1987
• Language: English
• ISBN 10: 0861879031
• ISBN 13: 9780861879038
• Binding: Hardcover
• Number of pages: 230