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dc.contributor.authorWitt, Ulrichen_US
dc.date.accessioned2008-02-20en_US
dc.date.accessioned2010-05-14T11:16:20Z-
dc.date.available2010-05-14T11:16:20Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/31800-
dc.description.abstractThe emergence of novelty is a driving agent for economic change. New technologies, new products and services, new institutional arrangements, to mention a few examples, are the backbone of development and growth. Important though it is, the emergence of novelty is not well understood. What seems to be clear, however, is that it implies “bounds of unknowledge” (Shackle) that impose epistemological and methodological constraints on economic theorizing. In this paper, the problems will be examined, possibilities for positively theorizing about novelty will be explored, and the methodological consequences for causal explanations and the modeling of economics dynamics will be discussed.en_US
dc.language.isoengen_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on economics and evolution 0707en_US
dc.subject.jelB41en_US
dc.subject.jelC61en_US
dc.subject.jelD83en_US
dc.subject.jelO30en_US
dc.subject.jelO31en_US
dc.subject.ddc330en_US
dc.subject.keywordnoveltyen_US
dc.subject.keywordepistemic boundsen_US
dc.subject.keywordcausationen_US
dc.subject.keyworddynamical systemsen_US
dc.subject.keywordeconomic changeen_US
dc.subject.keywordevolutionen_US
dc.subject.stwErfindungen_US
dc.subject.stwInnovationen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwWirtschaftstheorieen_US
dc.subject.stwErkenntnistheorieen_US
dc.subject.stwTheorieen_US
dc.titleNovelty and the bounds of unknowledge in economicsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn558679196en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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