volume 24 issue 2 pages 265-289

Evolution: complexity, uncertainty and innovation

Publication typeJournal Article
Publication date2014-02-21
scimago Q2
wos Q2
SJR0.654
CiteScore3.7
Impact factor1.8
ISSN09369937, 14321386
Economics and Econometrics
General Business, Management and Accounting
Abstract
Complexity science provides a general mathematical basis for evolutionary thinking. It makes us face the inherent, irreducible nature of uncertainty and the limits to knowledge and prediction. Complex, evolutionary systems work on the basis of on-going, continuous internal processes of exploration, experimentation and innovation at their underlying levels. This is acted upon by the level above, leading to a selection process on the lower levels and a probing of the stability of the level above. This could either be an organizational level above, or the potential market place. Models aimed at predicting system behaviour therefore consist of assumptions of constraints on the micro-level – and because of inertia or conformity may be approximately true for some unspecified time. However, systems without strong mechanisms of repression and conformity will evolve, innovate and change, creating new emergent structures, capabilities and characteristics. Systems with no individual freedom at their lower levels will have predictable behaviour in the short term – but will not survive in the long term. Creative, innovative, evolving systems, on the other hand, will more probably survive over longer times, but will not have predictable characteristics or behaviour. These minimal mechanisms are all that are required to explain (though not predict) the co-evolutionary processes occurring in markets, organizations, and indeed in emergent, evolutionary communities of practice. Some examples will be presented briefly.
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GOST Copy
ALLEN P. M. Evolution: complexity, uncertainty and innovation // Journal of Evolutionary Economics. 2014. Vol. 24. No. 2. pp. 265-289.
GOST all authors (up to 50) Copy
ALLEN P. M. Evolution: complexity, uncertainty and innovation // Journal of Evolutionary Economics. 2014. Vol. 24. No. 2. pp. 265-289.
RIS |
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RIS Copy
TY - JOUR
DO - 10.1007/s00191-014-0340-1
UR - https://doi.org/10.1007/s00191-014-0340-1
TI - Evolution: complexity, uncertainty and innovation
T2 - Journal of Evolutionary Economics
AU - ALLEN, PETER M.
PY - 2014
DA - 2014/02/21
PB - Springer Nature
SP - 265-289
IS - 2
VL - 24
SN - 0936-9937
SN - 1432-1386
ER -
BibTex |
Cite this
BibTex (up to 50 authors) Copy
@article{2014_ALLEN,
author = {PETER M. ALLEN},
title = {Evolution: complexity, uncertainty and innovation},
journal = {Journal of Evolutionary Economics},
year = {2014},
volume = {24},
publisher = {Springer Nature},
month = {feb},
url = {https://doi.org/10.1007/s00191-014-0340-1},
number = {2},
pages = {265--289},
doi = {10.1007/s00191-014-0340-1}
}
MLA
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MLA Copy
ALLEN, PETER M.. “Evolution: complexity, uncertainty and innovation.” Journal of Evolutionary Economics, vol. 24, no. 2, Feb. 2014, pp. 265-289. https://doi.org/10.1007/s00191-014-0340-1.