Explaining institutional technology

Jason Potts, Kurt Dopfer and Bill Tulloh

European Economic Review, 2025, vol. 173, issue C

Abstract: This paper offers a review and several refinements and extensions of Explaining Technology, by Koppl et al. (2023), which develops a combinatorial theory of the evolution of technology. First, we suggest that the mechanism of tinkering can be formulated in the theory of user innovation. Second, we propose that a useful refinement is to focus on institutional technologies. This offers a better explanation of emergent levels of evolutionary selection, or major transitions, and also adapts their framework to better explain the nature of a digital economy. Third, we propose a more ambitious line of generalisation from explaining technology to explaining knowledge. We suggest this is possible from the rubric of the new ‘physics of information’ in constructor theory, assembly theory and Bayesian mechanics.

Keywords: Technology; Economic evolution; Knowledge; Information theory; User innovation (search for similar items in EconPapers)
JEL-codes: D8 O3 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:173:y:2025:i:c:s0014292125000182

DOI: 10.1016/j.euroecorev.2025.104968

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