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Intentionality and the Emergence of Complexity: An Analytical Approach

In: The Evolution of Economic and Innovation Systems

Author

Listed:
  • Félix-Fernando Muñoz

    (Universidad Autónoma de Madrid)

  • María-Isabel Encinar

    (Universidad Autónoma de Madrid)

Abstract

Emergence is a generic property that makes economies become complex. The simultaneous carrying out of agents’ intentional action plans within an economic system generates processes that are at the base of structural change and the emergence of adaptive complex systems. This paper argues that goals and intentionality are key elements of the structure of rational human action and are the origin of emergent properties such as innovation within economic complex systems. To deal with the locus and role of goals and intentionality in relation to the emergence of complexity we propose an analytical approach based on agents’ action plans. Action plans are open representations of the action projected by agents (as individuals or organizations), where the means (actions) and objectives (or goals) are not necessarily given, but produced by agents themselves.

Suggested Citation

  • Félix-Fernando Muñoz & María-Isabel Encinar, 2015. "Intentionality and the Emergence of Complexity: An Analytical Approach," Economic Complexity and Evolution, in: Andreas Pyka & John Foster (ed.), The Evolution of Economic and Innovation Systems, edition 127, pages 171-190, Springer.
    • Handle: RePEc:spr:eccchp:978-3-319-13299-0_8
    DOI: 10.1007/978-3-319-13299-0_8
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    Cited by:

    1. is not listed on IDEAS
    2. Múñoz, Féliz-Fernando & Encinar, María-Isabel & Cañibano, Carolina, 2016. "Agents, interaction, and economic laws: An analytical framework for understanding different economic theories," Working Papers in Economic Theory 2016/05, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
    3. Cristiano Antonelli & Christophe Feder, 2022. "Knowledge properties and the creative response in the global economy: European evidence for the years 1990–2016," The Journal of Technology Transfer, Springer, vol. 47(2), pages 459-475, April.
    4. Muñoz, Félix & Encinar, María Isabel & Fernández-de-Pinedo, Nadia, 2014. "Intentionality and technological and institutional change: Implications for economic development," Working Papers in Economic Theory 2014/04, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
    5. Apostolos Vetsikas & Yeoryios Stamboulis, 2023. "A conceptual framework for modeling heterogeneous actors' behavior in national innovation systems," Journal of Evolutionary Economics, Springer, vol. 33(3), pages 773-796, July.
    6. Cristiano Antonelli & Christophe Feder, 2023. "The foundations of Schumpeterian dynamics: The European evidence," Journal of Evolutionary Economics, Springer, vol. 33(1), pages 65-96, January.
    7. Cristiano Antonelli & Christophe Feder, 2021. "The Schumpeterian creative response: export and innovation: evidence for OECD countries 1995–2015," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(3), pages 803-821, October.
    8. Félix-Fernando Muñoz, 2024. "The coevolution of technology, markets, and culture: the challenging case of AI," Review of Evolutionary Political Economy, Springer, vol. 5(3), pages 511-533, October.
    9. Maurizio Pugno, 2024. "Creativity, well-being, and economic development: An evolutionary approach," Journal of Evolutionary Economics, Springer, vol. 34(1), pages 205-225, January.
    10. Félix-Fernando Muñoz, 2024. "The fundamentally uncertain economic agent: Brian J. Loasby’s growth of knowledge approach to the psychology of human action," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 23(1), pages 163-192, December.
    11. Hudik, Marek, 2021. "Push factors of endogenous institutional change," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 504-514.

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    Keywords

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    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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