Institutional Acceleration

Darcy W. E. Allen, Chris Berg, Jason Potts

ISBN 10: 1009638602 ISBN 13: 9781009638609
Published by Cambridge University Press, GB, 2025
New Paperback

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This Element develops a theory of institutional acceleration to explain the transformation to a digital economy through a cluster of frontier technologies: artificial intelligence, blockchain, quantum computing, cryptography, and low-earth orbit infrastructure. Unlike previous technological revolutions, these technologies transform not how we organise things, but how we coordinate economic activity. The authors' supertransition thesis explains why these digital technologies shouldn't be understood in isolation, but rather should be understood in how they combine to create new institutional possibilities, leading to more open, complex, and global economic systems. Drawing on evolutionary economics and institutional theory, this Element shows how this evolutionary process is reshaping our institutional economic architecture. Ultimately, institutional acceleration drives greater computation and knowledge into our economic systems. Seller Inventory # LU-9781009638609

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Synopsis:

A cluster of frontier technologies combine to radically reshape our economic institutions, faster.

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Bibliographic Details

Title: Institutional Acceleration
Publisher: Cambridge University Press, GB
Publication Date: 2025
Binding: Paperback
Condition: New

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