Description - The Microeconomics of Technological Systems by Cristiano Antonelli
This book sets out to explore the generation of technological knowledge and the introduction of technological change. Cristiano Antonelli enters this new area of debate by arguing that increasing returns in the production of knowledge apply, albeit under a very specific and contextual set of complementary conditions. Increasing returns can take place within technological districts and clusters where qualified interactions among connected innovators make it possible to take advantage of the modular indivisibility and cumulativeness of technological knowledge. Antonelli illustrates his argument by reference to technological systems and complementarities, irreversibility, and collective knowledge; by examining the role of learning and technological communication as key factors in defining the rate and direction of change within technological systems; and by identifying technological districts and clusters within a theoretical framework which values local externalities, irreversibility, and endogenous structural change.
"The Microeconomics of Technological Systems" proposes a general, interpretative framework which identifies, qualifies, and specifies the specific context and processes which make it possible for increasing returns to apply in the localized production of technological knowledge and change. In so doing, it builds on the results of systematic explorations of the microdynamics of technological knowledge and change over a large number of European technological districts and clusters centred on new communication and mechanical engineering technologies.
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(224mm x 145mm x 18mm)
Oxford University Press
Publisher: Oxford University Press
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Book Reviews - The Microeconomics of Technological Systems by Cristiano Antonelli
Author Biography - Cristiano Antonelli
Cristiano Antonelli is Professor of Economics in the Department of Economics and Director of the Graduate School of Communication Studies at the University of Torino. He is also Vice-President of the International Schumpeter Society and Managing Editor of the journal, "Economics of Innovation and New Technology".