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Journal of Economic Geography Advance Access originally published online on August 28, 2008
Journal of Economic Geography 2009 9(2):288-290; doi:10.1093/jeg/lbn036
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© The Author (2008). Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org

Book reviews

Localised technological change: towards the economics of complexity

Cristiano Antonelli

Localised technological change: towards the economics of complexity
Cristiano Antonelli
London and New York: Routledge, 2008. ISBN 13: 978-0-415-42683-1. xvi + 405 pp. Price: £85.00.

The first 10% of the full text of this article appears below.

In the writings of several classical economists, innovation and technology are central in explaining growth and development, either explicitly or implicitly. As Cristiano Antonelli explains in this book, Localised Technological Change: Towards the Economics of Complexity, Adam Smith saw the increasing division of labour (process innovation) as one of the main sources of growth. Karl Marx, on the other hand, considered the urge among the Bourgeoisie to accumulate and reinvest as one of the reasons why developed countries achieved such extreme wealth under capitalism. With time however, as mainstream economics incorporated the assumptions behind general equilibrium theory and the tendency to use production functions to describe the productive process, the dynamic perspective of earlier writings was sidestepped and technology became an exogenous factor. Despite the work of . . . [Full Text of this Article]

Pedro Marques

CURDS
University of Newcastle


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