TY - JOUR
T1 - In order to stand up you must keep cycling: Change and coordination in complex evolving economies
AU - Virgillito, Maria Enrica
AU - Dosi, G.
PY - 2017
Y1 - 2017
N2 - In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic systems that there are forces at work which keep them together and make them grow despite rapid and profound modifications of their industrial structures, social relations, techniques of production, patterns of consumption. We suggest that a fruitful interpretation of the two processes rests in what we call the "bicycle conjecture": in order to stand up you must keep cycling. However, changes and transformation are by nature "disequilibrating" forces. Thus there must be other factors which maintain relatively ordered configurations of the system and allow a broad consistency between the conditions of material reproduction (including income distributions, accumulation, available techniques) and the thread of social relations.
AB - In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic systems that there are forces at work which keep them together and make them grow despite rapid and profound modifications of their industrial structures, social relations, techniques of production, patterns of consumption. We suggest that a fruitful interpretation of the two processes rests in what we call the "bicycle conjecture": in order to stand up you must keep cycling. However, changes and transformation are by nature "disequilibrating" forces. Thus there must be other factors which maintain relatively ordered configurations of the system and allow a broad consistency between the conditions of material reproduction (including income distributions, accumulation, available techniques) and the thread of social relations.
KW - Change
KW - Coordination
KW - Economics and Econometrics
KW - Evolutionary Economics
KW - Socio-economic systems
KW - Change
KW - Coordination
KW - Economics and Econometrics
KW - Evolutionary Economics
KW - Socio-economic systems
UR - http://hdl.handle.net/10807/114534
UR - http://www.elsevier.com/inca/publications/store/5/2/5/1/4/8/
U2 - 10.1016/j.strueco.2017.06.003
DO - 10.1016/j.strueco.2017.06.003
M3 - Article
SP - N/A-N/A
JO - Structural Change and Economic Dynamics
JF - Structural Change and Economic Dynamics
SN - 0954-349X
ER -