Scaling heuristics shape technology! Should economic theory take notice?

Sidney Winter ()

Industrial and Corporate Change, 2008, vol. 17, issue 3, 513-531

Abstract: In some economics textbooks production theory is developed axiomatically. The “divisibility axiom” presents a bold affront to realism. It distorts the static theory and forecloses some potential encounters with technological change. The article reviews propositions about geometrical scaling that have long been recognized as relevant to the realities studied in many fields, including industrial organization economics. The article concludes by sketching a program of reform for production theory that would make connections to Dosi's concepts of technological paradigms and trajectories (Dosi, 1982 ). Copyright 2008 , Oxford University Press.

Date: 2008
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