Institutional Acceleration : The Consequences of Technological Change in a Digital Economy (Elements in Evolutionary Economics)

Allen, Darcy W. E./ Berg, Chris/ Potts, Jason

Cambridge University Press（2025/05発売）

• 製本 Paperback:紙装版/ペーパーバック版／ページ数 88 p.
• 言語 ENG
• 商品コード 9781009638609
• DDC分類 303.483

Full Description

This Element develops a theory of institutional acceleration to explain the transformation to a digital economy through a cluster of frontier technologies: artificial intelligence, blockchain, quantum computing, cryptography, and low-earth orbit infrastructure. Unlike previous technological revolutions, these technologies transform not how we organise things, but how we coordinate economic activity. The authors' supertransition thesis explains why these digital technologies shouldn't be understood in isolation, but rather should be understood in how they combine to create new institutional possibilities, leading to more open, complex, and global economic systems. Drawing on evolutionary economics and institutional theory, this Element shows how this evolutionary process is reshaping our institutional economic architecture. Ultimately, institutional acceleration drives greater computation and knowledge into our economic systems.

Contents

Introduction; 1. The supertransition thesis; 2. Vectors of technological change; 3. Combinatorial innovation and the supertransition; 4. Institutional acceleration; 5. An economy of digital institutions; 6. Adaptation and agency in the supertransition; References.