E3S Web Conf.
Volume 208, 2020First Conference on Sustainable Development: Industrial Future of Territories (IFT 2020)
|Number of page(s)||5|
|Published online||24 November 2020|
Economic sustainability in the era of complex technological systems: a fresh approach
Ural State University of Economic, 8 Marta Str., 62, 620144 Ekaterinburg, Russia
The article presents a view on the structure and stability of the economic system through the prism of interconnected technologies. Based on the genesis of the term “technology”, as well as methodological provisions of the theory of complexity and neo-institutional economic theory, the concept of “technological system” as a special mechanism for coordination is introduced. Technology is considered as a system of interspecific resources and institutions. The boundaries of technological systems are defined by a bundle of interrelated technologies that function continuously through the implementation of self-executing institutional agreements. Four distinguished types of technological systems differ in the distribution of the bundle of property rights and the level of centralization.It is shown that the introduction of the concept of “technological systems” into scientific circulation will expand the understanding of mechanisms ensuring sustainable economic growth.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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