http://economic-evolution.net/index.php/weblog/index/ EENet News en {username} Copyright 2025 2025-04-02T12:03:47+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/april_2_2025_growth_of_products_and_services/ http://www.economic-evolution.net/index.php/weblog/newsarticle/april_2_2025_growth_of_products_and_services/#When:12:03:47Z Peter Murmann writes: For two decades I wanted to get a good estimate of how the number of distinct products have grown in the economy. Once I thought I could simply use bar codes that have been attached to products for over decades but that tack proved a dead end. Today it asked two LLMs this question:  “Can you provide estimate of the total number of products and services that are offered all over the world.” Claude answered: “The count would certainly be in the billions and possibly reaching into the tens of billions when including every variant, regional offering, and service permutation available worldwide.” The Amazon marketplace according to Claude has 300 to 600 million products. ChatGPT 4o was much more conservative put the total number at 100 million products. It also produced this graph show that the number of products and services has been growing exponentially.   2025-04-02T12:03:47+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/january_28_2025_richard_nelson_died/ http://www.economic-evolution.net/index.php/weblog/newsarticle/january_28_2025_richard_nelson_died/#When:13:49:11Z We are sad to announce that Richard R. Nelson has passed away. Here is an obituary that the International Schumpeter Society sent out. 2025-02-03T13:49:11+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/one_out_22222_firms_listed_on_stock_market_will_survive_for_independent_ent/ http://www.economic-evolution.net/index.php/weblog/newsarticle/one_out_22222_firms_listed_on_stock_market_will_survive_for_independent_ent/#When:07:37:24Z One out of 22,222 firms listed on the stock market will survive as an independent entity for 100 years. Most firms (45%) disappear from the stock market because of mergers or acquisitions. Source: Daepp, M.I.G., Hamilton, M.J., West, G.B., Bettencourt, L.M.A. (2015) The mortality of companies. Journal of The Royal Society Interface 12, 20150120.  Here is the distribution of life spans: Here are the different sources of disappearance:   Full Article 2024-05-24T07:37:24+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/june_25_2021_nelson_and_winter_in_top_100_economists/ http://www.economic-evolution.net/index.php/weblog/newsarticle/june_25_2021_nelson_and_winter_in_top_100_economists/#When:07:42:51Z Richard Nelson and Sidney Winter have been listed by the French Magazine Sciences Humaines among to top 100 economists of all time. You can read here (in French) how the magazine portrays Nelson and Winter’s intellectual contributions.  Nelson and Winter’s Ideas.  English translation 2021-06-25T07:42:51+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/june_16_2017_oxford_business_history_course/ http://www.economic-evolution.net/index.php/weblog/newsarticle/june_16_2017_oxford_business_history_course/#When:00:56:56Z Chris McKenna has shot a beautiful 5-min video introducing students what they will learn in a business history he runs at Oxford using Oxford and its environment as the material to be studied in the course. The chief assignment is to write a case that later can be used in class by other students. We highly recommend watching this video. 2017-06-17T00:56:56+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/may_20_2017/ http://www.economic-evolution.net/index.php/weblog/newsarticle/may_20_2017/#When:14:51:10Z Sid Winter talks with Knowledge@Wharton about his new book on “history friendly evolutionary models”, which he co-authored with Franco Malerba, Richard Nelson, and Luigo Orsenigo. The book deals with the interactions between innovation and industry evolution. Winter gives a quick introduction to evolutionary economics and the scientific value of history-friendly simulations models. Read the transcript or listen to podcast here. 2017-05-21T14:51:10+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/april_4_2017_two_important_new_book_in_organizational_sociology/ http://www.economic-evolution.net/index.php/weblog/newsarticle/april_4_2017_two_important_new_book_in_organizational_sociology/#When:13:24:01Z Two important books on the American corporation have been written by Gerald Davis and Mark Mizruchi. They are reviewed by a very thoughtful essay by Braydon King in Contemporary Sociology and by Bruce Kogut in a shorter piece in ASQ. 2017-04-04T13:24:01+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/february_17_2017_mor_special_issue_on/ http://www.economic-evolution.net/index.php/weblog/newsarticle/february_17_2017_mor_special_issue_on/#When:09:46:44Z This Management of Organization Review (MOR) special issue (edited by Suresh Bhagavatula, Ram Mudambi and Johann Peter Murmann) aims to explore the key features of the innovation and entrepreneurship eco-system in India. The objective of this Management and Organization Review (MOR) special issue is to explore the many dimensions of how the innovation and entrepreneurship eco-system of India. For details see,  Call for Papers. 2017-02-19T09:46:44+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/january_31_2016_the_rise_and_fall_of_american_growth_by_robert_gordon/ http://www.economic-evolution.net/index.php/weblog/newsarticle/january_31_2016_the_rise_and_fall_of_american_growth_by_robert_gordon/#When:01:50:10Z Robert Gordon has written an important new book in which is spells out his detailed arguments why he expects American economic growth never to reach the levels achieved before 1970. Here are links to useful reviews of the book: 1. Economist   2. Paul Krugman in NY Times Magzine 2016-01-31T01:50:10+00:00 http://www.economic-evolution.net/index.php/weblog/newsarticle/jan_20_2016_2nd_mor_frontiers_conference_call_for_proposals/ http://www.economic-evolution.net/index.php/weblog/newsarticle/jan_20_2016_2nd_mor_frontiers_conference_call_for_proposals/#When:22:42:45Z Building on the success of the first conference in Honk Kong, Management and Organization Review(MOR) will hold the 2nd frontier’s conference in Peking,China, October 5–7, 2016, and in Banglore, India, October 13–15, 2016. The theme of the conference is “The SME Ecology of Transforming Economies: Knowledge Creation, Entrepreneurship, Innovation and Economic Growth.”  Panel Proposals are due March 31, 2016. For detail, see the Call For Proposals. 2016-01-19T22:42:45+00:00