The Origins of Meso Economics - Schumpeter's Legacy
The paper unravels the subversive nature of Schumpeterâ€™s proposition that entrepreneurs carry out innovations (the micro level), that swarms of followers imitate them (meso) and that, as a consequence, 'creative destructionâ€™ leads to economic development 'from withinâ€™ (macro). It is argued that Schumpeter paved the way for a new microâ€“mesoâ€“macro framework in economics. Centre stage is meso. Its essential characteristic is bimodality, meaning that one idea (the generic rule) can be physically actualised by many agents (a population). Ideas can relate to others, and, in this way, meso constitutes a structure component of a 'deepâ€™ invisible macro structure. Equally, the rule actualisation process unfolds over time â€“ modelled in the paper as a meso trajectory with three phases of rule origination, selective adoption and retention â€“ and here meso represents a process component of a visible 'surfaceâ€™ structure. The universal macro measure with a view to the appropriateness of meso components is generic correspondence. At the level of ideas, its measure is order; at that of actual relative adoption frequencies, it is generic equilibrium. Economic development occurs at the deep level as transition from one generic rule to another, inducing a change of order, and at the surface level as the new rule is adopted, destroying an old equilibrium and establishing a new one. The final third of the paper discusses a few of the rich set of major contributions to the Neo-Schumpeterian â€“ micro-meso-macro - programme
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Sep 2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.uni-marburg.de/fb19/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:esi:evopap:2006-10. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christoph Mengs)
If references are entirely missing, you can add them using this form.