ISBN:
9781009638616
Language:
English
Pages:
1 Online-Ressource (81 Seiten)
Series Statement:
Cambridge elements. Elements in evolutionary economics
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
DDC:
303.48/33
Keywords:
Information technology / Economic aspects
;
Electronic commerce
Abstract:
This Element develops a theory of institutional acceleration to explain the transformation to a digital economy through a cluster of frontier technologies: artificial intelligence, blockchain, quantum computing, cryptography, and low-earth orbit infrastructure. Unlike previous technological revolutions, these technologies transform not how we organise things, but how we coordinate economic activity. The authors' supertransition thesis explains why these digital technologies shouldn't be understood in isolation, but rather should be understood in how they combine to create new institutional possibilities, leading to more open, complex, and global economic systems. Drawing on evolutionary economics and institutional theory, this Element shows how this evolutionary process is reshaping our institutional economic architecture. Ultimately, institutional acceleration drives greater computation and knowledge into our economic systems.
Note:
Title from publisher's bibliographic system (viewed on 26 May 2025)
DOI:
10.1017/9781009638616
URL:
Volltext
(URL des Erstveröffentlichers)
