The Evolution Of Industrial Dynamics

Topics:
Organization
Tags:
Capitalism,
Knowledge,
Management,
Strategy,
University Of Manchester
Source:
University of Manchester

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Overview: The author begins with a general question, 'What kind of knowledge based economic system is modern capitalism?' In giving an answer he will focus on the claim that capitalism's principal organisational forms, firms and markets, provide jointly a unique instituted connection between the growth of knowledge and the transformation of economic relationships and activities over time. It is a self exciting system so designed as it were to encourage innovation and economic experimentation and so facilitate the adaptation to and the stimulation of new knowledge. Thus what distinguishes modern capitalism is the specific transmission process that is invoked to connect the evolution of knowledge to the development of the economy.

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Format: PDF | Size: 365KB | Date: Jun 2005 | Pages: 37

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