Production, innovation, and disequilibrium

Understanding the morphogenetic (creative destruction) nature of economic systems is crucial for modelling economic growth and analysing traverse. Prof. Zambelli's contribution to endogenous growth theory by harnessing the Turing Machine (TM) metaphor to intrinsically encapsulate the uncertaint...

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Veröffentlicht in:Keynesian, Sraffian, computable and dynamic economics
1. Verfasser: Navaneethakrishnan, Dharmaraj (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 2021
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Zusammenfassung:Understanding the morphogenetic (creative destruction) nature of economic systems is crucial for modelling economic growth and analysing traverse. Prof. Zambelli's contribution to endogenous growth theory by harnessing the Turing Machine (TM) metaphor to intrinsically encapsulate the uncertainties of discovery, knowledge generation, and innovation is original and significant. This chapter sets out to explore some of the possible applications of the TM metaphor for modelling innovations and to discuss the importance of viability creating mechanisms to effectively traverse the dynamic disequilibrium.
ISBN:9783030581305
9783030581336