Long-run Economics: An Evolutionary Approach to Economic Growth (Bloomsbury Academic Collections: Economics)

by Norman Clark and Calestous Juma

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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.
  • ISBN10 1855670623
  • ISBN13 9781855670624
  • Publish Date 27 March 1992 (first published 1 October 1987)
  • Publish Status Out of Print
  • Out of Print 24 July 2003
  • Publish Country GB
  • Imprint Cengage Learning EMEA
  • Edition New edition
  • Format Paperback
  • Pages 230
  • Language English