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Routledge - The Economic Philosophy of the Internet of Things

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Description

Explore the fundamental shifts in the digital economy with The Economic Philosophy of the Internet of Things. Part of the Routledge Studies in the Economics of Innovation, this book examines the rise of ubiquitous computing systems (UCS) and their impact on economic modeling. To understand our modern landscape, one must investigate how these systems function. Based on the definitions provided by Robin Milner, a UCS is characterized by its ability to make decisions previously handled by humans, its massive scale, its capacity for online adaptation, and the way individual systems interact with one another. This text challenges traditional neoclassical approaches that rely on representative-agent models for optimal control. Instead, it offers a new way to view economic behavior within a world of interconnected, adaptive, and vast computing networks. It is an essential read for those studying the intersection of technology, innovation, and economic theory.

Key Features

Investigate the phenomenon of ubiquitous computing systems (UCS) and their role in the modern digital economy.

Examine the four core characteristics of UCS as defined by Robin Milner, including decision-making and system interaction.

Analyze how massive, adaptive computing networks differ from traditional, smaller-scale technological systems.

Study the limitations of neoclassical economic models and representative-agent approaches in a digital context.

Gain insights into how individual computing systems interact and adapt to new requirements in real-time.

Part of the respected Routledge Studies in the Economics of Innovation series for academic depth.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
27 June 2018
Listed Since
09 January 2018

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