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dc.contributor.authorWitt, Ulrichen
dc.date.accessioned2008-02-20-
dc.date.accessioned2010-05-14T11:16:20Z-
dc.date.available2010-05-14T11:16:20Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aMax Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aPapers on Economics and Evolution |x0707en
dc.subject.jelB41en
dc.subject.jelC61en
dc.subject.jelD83en
dc.subject.jelO30en
dc.subject.jelO31en
dc.subject.ddc330en
dc.subject.keywordnoveltyen
dc.subject.keywordepistemic boundsen
dc.subject.keywordcausationen
dc.subject.keyworddynamical systemsen
dc.subject.keywordeconomic changeen
dc.subject.keywordevolutionen
dc.subject.stwErfindungen
dc.subject.stwInnovationen
dc.subject.stwTechnischer Fortschritten
dc.subject.stwWirtschaftstheorieen
dc.subject.stwErkenntnistheorieen
dc.subject.stwTheorieen
dc.titleNovelty and the bounds of unknowledge in economics-
dc.typeWorking Paperen
dc.identifier.ppn558679196en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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