Overview

This study re-examines some of the main portions of the discipline of economics from the point of view of economic change and creativity. There are two aspects to this perspective. First, diversity and complexity: the range of different kinds of high technology products available to consumers and producers increases rapidly. As these hierarchies grow, they deliver ever more diversified and complex high tech goods. Powerful new corporations will emerge. Second, self-organization and evolution: living organisms spontaneously establish patterns and order. So does the economy. Some of the patterns of the economic world used to be large, vertically integrated corporations and multinational corporations. This structure is now falling apart and new industrial patterns are emerging: small, narrowly specialized corporations. The author argues that the US economy is currently experiencing a turbulent ""phase transition"", moving from one phase of capitalism to the next. New species of corporations, markets, and economic institutions are emerging.

Full Product Details

Author:   Sten A. Thore
Publisher:   Springer
Imprint:   Springer
Edition:   1995 ed.
Dimensions:   Width: 15.50cm , Height: 1.40cm , Length: 23.50cm
Weight:   1.080kg
ISBN:  

9780792396390

ISBN 10:   0792396391
Pages:   203
Publication Date:   31 October 1995
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

1 — The Changing Face of Capitalism.- Stumbling Giants and a New Breed of Startup Companies.- Economic Diversity.- What is High Technology?.- Technological Evolution at the Edge of Chaos.- The Collision with the Environment.- Where Did Marx Go Wrong?.- The Freedom to Create.- Bibliographic Notes.- References.- 2 — New Webs and New Constituencies 19.- What is a Strategic Alliance?.- Universities and Federal Laboratories: The New Breeding Grounds for High Tech Companies.- References.- 3 — Messages, Images, and Robots.- The Bewildering Future of the Telephone.- Supercomputers and Parallel Processing.- Artificial Intelligence.- Robots: Slaves or Masters?.- Bibliographic Notes.- References.- 4 — The Technology Frontier.- The Rise and The Fall of the Passenger Train.- What is Productivity?.- Pushing the Technology Envelope.- Complexity and Evolution: The Santa Fe Institute.- Bibliographic Notes.- References.- 5 — Economic Logistics.- The Dimensions and Mathematical Techniques of Economic Logistics.- Innovation and Technological Change in an Industry Network.- Budding and Cross-Fertilization.- Bibliographic Notes.- References.- 6 — Of Princes, Diplomacy, and Battle Cries.- The Strategies of Takeovers and Acquisitions.- Capital Gains: How to Make Them.- The Anatomy of a Hostile Takeover: RJR Nabisco.- Are Corporate Raiders Good or Bad for Industry?.- Bibliographic Notes.- 7 — The Long Waves: Evolution or Chaos?.- The Long Swings.- Reversible and Irreversible Time.- The Ebbs and Tides of Basic Innovations.- The Diffusion of New Technology and New Products.- The Possibility of Chaos.- Turbulence and Shake-Out in U.S. Industry.- Bibliographic Notes.- References.- 8 — Genetic Selection and Biotechnology.- Early Technology on the Farm.- The Creation of New Varietiesand New Species through Hybridization and Selection.- Pesticides and Herbicides.- Genetic Engineering on the Farm.- Genetically Engineered Drugs.- The Biotech Boom, and the Food and Drug Administration.- Ethical Questions: Are We Playing God?.- Bibliographic Notes.- References.- 9 — Combustion, Fission, and Fusion.- Are We Running out of Oil?.- The Hidden Costs of Oil.- Coal and Natural Gas.- Don’t Drink the Water and Don’t Breathe the Air.- Nuclear Fission and Nuclear Fusion.- Yin and Yang.- Bibliographic Notes.- References.- 10 — Ventures and Start-up Companies.- Silicon Valley: the First Technopolis.- The R&D Consortium.- The Business of Incubation: Breeding and Nurturing New Companies.- Venture Capital.- Enterprise Zones.- References.- 11- Riches From Junk.- Background: The Market for Government Treasury Bonds.- Corporate Bonds: Investment Grade and Below Investment Grade.- Michael Milken: Financial Genius or a Criminal?.- The Importance of High-Risk Debt.- The Future of Junk.- Bibliographic Notes.- References.- 12 — Thrifts and Banks in Turmoil.- The Savings and Loan Debacle.- Financial Innovation: Packaging and Re-packaging Mortgage Securities.- Electronic Money.- The Sorry Story of U.S. Banking.- Bibliographic Notes.- References.- 13 — The Social Management Of Technology: Where Are We Headed?.- The Blessings and Curses of Technology.- How Can Society Manage Technology.- Regulation.- Hearings and Licensing.- Industrial Policy.- Technological Infrastructure.- Commercialization Policy.- The Swarming of High Technology.- The Management of the Future.- Bibliographic Notes.- References.- References.- Index of Corporations and Executive Officers.- About the Author.

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