Analysing Flexibility and Stability in Co‐evolutionary Processes

Magnus Holmén and Maureen McKelvey

in Flexibility and Stability in the Innovating Economy

Published in print April 2006 | ISBN: 9780199290475
Published online May 2006 | e-ISBN: 9780191603495 | DOI:
Analysing Flexibility and Stability in Co‐evolutionary Processes

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This chapter poses the question: How we can analyze, conceptually and empirically, whether or not certain types of change have occurred? It points out research areas to further address how, why, and in what dimensions such transformation has occurred. It first addresses how the amount or degree of ‘change’ be conceptualized, as compared to the amount or degree of ‘not change’. Three concepts are introduced: novelty, destruction, and renewal. The chapter then explains six points about how flexibility and stability can be understood from a paradigmatic perspective on the innovating and transforming economy.

Keywords: transformation; degree of change; novelty; destruction; renewal; paradigmatic perspective; industrial dynamics

Chapter.  11601 words. 

Subjects: Economic Systems

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