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'This book is an ambitious intellectual enterprise to build a naturalistic foundation for economics, with amazingly vast knowledge of physical, biological, social sciences and philosophy. Readers will discover that approaches and insights emergent in institutional studies, (social)-neuroscience, network theory, ecological economics, bio-culture dualistic evolution, etc. are persuasively placed in a grand unified frame. It is written in a good Hayekian tradition. I recommend this book particularly to young readers who aspire to go beyond a narrowly specified discipline in the age of expanding communicability of knowledge and ideas.' - Masahiko Aoki, Stanford University, US. 'Carsten Herrmann-Pillath's new book is an in-depth application of natural philosophy to economics that draws up an entirely new framework for economic analysis. It offers path-breaking insights on the interactions between human economic activity and nature, and outlines a convincing solution to the long-standing reductionism controversy. A must-read for everyone interested in the philosophical underpinnings of economics as a science.' - Ulrich Witt, Max Planck Institute of Economics, Jena, Germany. '"Big picture" philosophy of economics drifted into a dull cul-de-sac as it became obsessively focused on falsifiability and rationality. In this book, Carsten Herrmann-Pillath pushes the field back onto the open highway by locating economics in the larger frameworks of metaphysics, evolutionary dynamics and information theory. This is large-scale, ambitious synthesis of ideas of the kind we expect from time to time to see devoted to physics and biology. Why should economics merit anything less? But of course, this kind of intellectual tapestry must await the appearance of an unusually devoted scholar, with special patience and eccentric independence from the pressure for quick returns that characterizes academic life. In the person of Herrmann-Pillath, this scholar has appeared. No one who wants to examine economics whole and in its richest context should miss his virtuoso performance in this book.' - Don Ross, University of Cape Town, South Africa and Georgia State University, US. 'Herrmann-Pillath's work attempts to bring to bear upon the discipline of economics perspectives from other discourses which have been burgeoning recently - namely, thermodynamics, evolutionary biology, and semiotics, aiming at a consilience contextualized by economic activity and problems. This marks the work as a contemporary example of natural philosophy, which is now at the doorstep of a revival. The overall perspective is that human economic activity is an aspect of the ecology of the earth's surface, viewing it as an evolving physical system mediated through distributed mentality as expressed in technology evolution. Knowledge is taken to be "physical" with a performative function, as in Peirce's pragmaticism. Thus, the social meanings of expectations, prices and credit are found to be rooted in energy flows. The work draws its foundation from Hegel and C.S. Peirce and its immediate guidance from Hayek, Veblen and Georgescu-Roegen. The author generates an energetic theory of economic growth, guided by Odum's maximum power principle. Economic discourse itself is reworked in the final chapter, in light of the examinations of the previous chapters, naturalizing economics within an extremely powerful contemporary framework.' - Stanley N. Salthe, Binghamton University, SUNY, US. 'An Oscar-winning performance in the "theatre of consilience". It's hard to know which to praise first: Carsten Herrmann-Pillath's humility or his ambition. He says his book "is not a great intellectual feat" because he pursues the "humble task" of putting together "the ideas of others". When he finally gets to economics he tries to "be as simple as possible" and to conceive of economics in terms of the basics, at "undergraduate level, so to say". On the other hand, the scale of his ambition is to rethink the foundations of economics from first principles, while, at the same time, holding a running dialogue between contemporary sciences and classic philosophy. He's much too modest, of course, because Foundations is a major achievement, but his modesty points to what makes it such a powerful treatise: the book is not about his preferences or prejudices; it is a "scientific approach that aims at establishing truthful propositions about reality". That is much harder to achieve than grand theories or "complicated mathematics," because it amounts to a new modern synthesis of the field - an achievement on a par with Julian Huxley's, whose own modern synthesis of evolutionary theories in the 1940s allowed for the explosive growth of the biosciences over the next decades. The structure of the book is simple enough, providing a framework for the "naturalistic turn" in economics. Starting from material existence, causation and evolution, Herrmann-Pillath takes us through four fundamental concepts - individuals, networks, institutions and technology - before coming finally to the "realm of economics proper," i.e. markets. However, Herrmann-Pillath believes that the "foundations of economics cannot be found within economics" but only in dialogue with other sciences, or what he calls the "theatre of consilience". It's a theatre in which various characters come and go, where dialogue ebbs and flows, conflicts arise and are resolved, and where individual actions can be seen as concepts as, leading to higher levels of meaning as the plot unfolds. The magic of theatre, of course, is that the point of intelligibility, where the characters, actions and narrative resolve into meaningfulness, is projected out of the drama itself, into the spectator. That's you, dear reader. So it is with economics as a discipline. Economics is a player in a much larger performance about what constitutes knowledge, and how we know that. It is also a player in the economy it seeks to explain. To understand why money, firms, growth, prices, markets and other staples of economic thought emerge and function the way they do, it is necessary situate the analysis beyond economics (and the economy), and to engage with developments across the human, evolutionary and complexity sciences. This is what Herrmann-Pillath does, analyzing a breathtaking range of illuminating and sometimes challenging work along the way. We are treated to new ideas about the externalized brain, the evolution of knowledge in the Earth System (i.e. not just among humans), the role of signs and performativity in these processes, as well as that of "energetic transformations." But Herrmann-Pillath is not satisfied with the "modest" task of bringing the best of modern scientific thought to bear on economic concepts and performances; he really does harbor a deeper purpose. The clue is in his apparently quixotic desire to hang on to philosophical insights associated with pre-evolutionary thinkers like Aristotle and Hegel, and his apparently eccentric desire to place the semiotic philosophy of C.S. Pierce at center stage. But the patient observer will see that he is not seeking to change the facts by imposing idealist notions on them after the event. Instead, he is arguing for a change in the way we perform ourselves in the face of these facts. He is looking for a modern-day equivalent of Confucius or Socrates: one who can imagine values and beliefs that "define the human species in a new way." For those who have eyes to see, as the drama unfolds, it may be that we have found such a figure in Carsten Herrmann-Pillath himself, modesty, ambition and all. This is "Cultural Science" as it should be done.' - John Hartley, Curtin University, Australia and Cardiff University, UK.

Evolutionary economics --- Economics --- Knowledge economy --- Philosophy

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"This volume in the Political Theory and Contemporary Philosophy series extends democracy to knowledge in two ways. First, it argues that the issues science seeks to clarify are relevant for all citizens. Second, it explains that the fundamental problems faced by any democracy, such as the economic crisis, are not so much problems of political will as cognitive failures that must be resolved through both a greater knowledge of the realities over which we govern and a fine-tuning of the tools of governance. In fact, knowledge and related fields are spheres in which not only economic prosperity, but also democratic quality, are determined. Thus politics of knowledge and through knowledge has become a question of democratic citizenship. After introducing the concept of governing knowledge, the book discusses the political action of collective organization of uncertainty, before developing the idea of the cognitive challenge of the economy, revealed by today's economic crisis. A groundbreaking work by a renowned philosopher, it will be an accessible and fundamental resource for anyone interested in the relation of power to knowledge."--Bloomsbury Publishing.

Democracy. --- Knowledge economy. --- Knowledge management --- Knowledge, Sociology of. --- Economic aspects.

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Knowledge, Sociology of --- Knowledge economy --- Knowledge economy. --- Knowledge, Sociology of. --- Knowledge, Theory of (Sociology) --- Sociology of knowledge --- Economy of knowledge --- Information economy --- KBE (Knowledge-based economy) --- Knowledge-based economy --- Communication --- Knowledge, Theory of --- Public opinion --- Sociology --- Social epistemology --- Economics

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The broad spectrum of topics surrounding what is termed the ‘knowledge economy’ has attracted increasing attention from the scientific community in recent years. The nature of knowledge-intensive industries, the spatiality of knowledge, the role of proximity and distance in generating functional knowledge, the transfer of knowledge via networks, and the complex interplay between knowledge, location and economic development are all live academic issues. This book, the fifth volume in Springer’s Knowledge and Space series, focuses on the last of these: the multiple relationships between knowledge, the economy, and space. It reflects the conceptual and methodological multidisciplinarity emerging from this scholarship, yet where there has up to now been a notable lack of communication between some of the contributing disciplines, resulting in lexical and other confusions, this volume brings concord and to foster interdisciplinarity. These complications have been especially evident in our understanding of the spatiality of knowledge, the part that spatial contexts play in knowledge creation and diffusion, and the relevance of face-to-face contacts, all of which are addressed in these pages.   The material here is grouped into four sections—knowledge creation and economy, knowledge and economic development, knowledge and networks, and knowledge and clusters. It assembles new concepts and original empirical research from geography, economics, sociology, international business relations, and management. The book addresses a varied audience interested in the historical and spatial foundations of the knowledge economy and is intended to bridge some of the gaps between the differing approaches to research on knowledge, the economy, and space.

Information technology -- Economic aspects. --- Knowledge economy. --- Technology and civilization. --- Commerce --- Business & Economics --- Commerce - General --- Information society. --- Economics. --- Economic theory --- Political economy --- Geography. --- Business. --- Management science. --- Management. --- Industrial management. --- Economic geography. --- Industrial organization. --- Communication. --- Economic Geography. --- Innovation/Technology Management. --- Industrial Organization. --- Business and Management, general. --- Communication Studies. --- Communication, Primitive --- Mass communication --- Sociology --- Industries --- Organization --- Industrial concentration --- Industrial management --- Industrial sociology --- Geography, Economic --- World economics --- Geography --- Commercial geography --- Business administration --- Business enterprises --- Business management --- Corporate management --- Corporations --- Industrial administration --- Management, Industrial --- Rationalization of industry --- Scientific management --- Management --- Business --- Industrial organization --- Administration --- Industrial relations --- Quantitative business analysis --- Problem solving --- Operations research --- Statistical decision --- Trade --- Economics --- Cosmography --- Earth sciences --- World history --- Social sciences --- Economic man --- Information superhighway