ABSTRACT

In the field of economics, the idea of self-organization is inextricably linked to the notion of spontaneous order advanced by Friedrich von Hayek, the foremost representative of the Austrian School. This chapter presents a notion of economy as a complex, self-regulatory system, which includes the government agency as an indissoluble element of the system. It examines the implications of assuming historic specificity as a property of complex economic systems. Currently, network research agenda divide, according to the emphasis in one or another feature, in two groups: physical network and social network research. The notion of hub dominated network helps to achieve a representational understanding of the high degrees of heterogeneity and complementarities that exist within both economies and innovation systems. As Foster points out, there are clear parallels between the neo-Schumpeterian theory and the notion of hub-dominated networks.