This innovative book employs the social studies of finance approach which aims to enhance the dialogue between finance and sociology by addressing the blind spots of economic and financial theories. In so doing, it challenges the accusations made towards financial models in the aftermath of the last economic crisis and argues that they cannot be condemned indiscriminately. Their influence on markets and society is not straightforward, but determined by the many ways in which models are created and then used. Ekaterina Svetlova analyses the various patterns of the application of models in asset management, risk management and financial engineering to demonstrate that their power is far more fragile than widespread criticism would indicate.
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Villains or Scapegoats?
The Swedish welfare state finds itself in the middle of two major upheavals: The impact of technology and immigration. Having taken in more refugees per capita than most other countries, the pillars of the welfare state are being shaken. Digital technologies are set to strengthen already existing trends towards job and wage polarization. This book explores how these trends are more pronounced due to the rigidity of the labor market and the comprehensiveness of tax-financed welfare services.
Computer-based Tools for Rethinking Innovation
Christopher Watts and Nigel Gilbert
Christopher Watts and Nigel Gilbert explore the generation, diffusion and impact of innovations, which can now be studied using computer simulations.
Theory, Methodology and Applications
Innovation and Health investigates both the origin and the diffusion of novelty in the field of health. It also provides a critical discussion of the methodology and theory of health economics. Neoclassical and evolutionary elements are combined to produce a comprehensive view of the commodity of ‘health’ beyond a pure ‘market’ perspective. Thus, the intangible dimension of health is taken into account. The methodological framework developed serves as a basis for several theoretical and empirical applications such as the creation of medical knowledge, the evolution of networks and the process of invention, innovation and diffusion in the health care sector.
Creating and Capturing Value
This path-breaking book addresses the ongoing implications for traditional pharmaceutical companies and biopharmaceutical start-ups of the realignment of the industry knowledge-base. The theoretical approach draws on the modern theory of the firm and related ideas in order to better define the concept of the business model, which is employed to guide the case studies and empirical analysis in the book.