Knowledge in the Development of Economies

Knowledge in the Development of Economies

Institutional Choices Under Globalisation

New Perspectives on the Modern Corporation series

Edited by Silvia Sacchetti and Roger Sugden

This innovative book offers a critical perspective on the state of the current global economy, making sense of knowledge-related issues by critically assessing existing institutional choices, as well as pointing to new ways forward.

Chapter 13: Positioning Order, Disorder and Creativity in Research Choices on Local Development

Silvia Sacchetti and Roger Sugden

Subjects: economics and finance, economics of innovation, institutional economics, regional economics, innovation and technology, economics of innovation, urban and regional studies, regional economics


Silvia Sacchetti and Roger Sugden ‘fatti non foste a viver come bruti ma per seguir virtute e canoscenza’ [You were not made to live as brutes but to pursue virtue and knowledge] Dante Alighieri, ‘Inferno’, Divine Comedy, Canto XXVI 1. PLACES IN ORDERED AND HIERARCHICAL SYSTEMS What the contributions in this volume have tackled is the possibility for an institutional dynamism that impacts not only on the characteristics of ‘localities’ and their position in a hierarchical and ordered system of relationships, but on the nature of the system itself. Is hierarchy a necessary and desirable condition for the development of economies? This is a perspective that, in line with Veblen and Hodgson’s interpretation, addresses phylogenetic change (Veblen, 1898; Hodgson, 1993). The idea of hierarchy may be positioned in some philosophical perspectives and views of the world which have associated the notion of hierarchy with that of place. In the Divine Comedy, written in the 14th century, the author, Dante Alighieri, undertakes a symbolic journey in the afterlife. His course, as defined by the Christian tradition, is articulated through the places and the gatherings which delineate an imaginative space, whose structure reflects the Greek and the Jewish–Christian cosmology (Stabile, 2007). For the latter, heavens are structured in different layers, each one of which – the empyrean or the place of peace where the chosen sit; the stars and the planets; the living beings, who are born and perish within the terraqueous globe – is subject to the natural law of circular and...

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