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A systems perspective By system is meant an entity separable from its surroundings, in at least some respect. Within the system, several components interact, thus creating a force driving the system in a certain direction or maintaining it in a certain state. In any complicated system, identification of the components is essential in order to develop any fundamental understanding of the processes within the system. There is no clear-cut definition of a system and the concept has developed over time, but it has also had its periods of ups and downs with regard to popularity.

Organizations are created to take advantage of those opportunities and, as the organizations evolve, they alter the institutions ” 70 74 For a real-life illustration of this reasoning, let A be present fossil energy technology, B nuclear power, C cleaner fossil technology and D renewables. 71 Schumpeter, J. (1975/1942) p. 84. 72 The concept of this sphere is borrowed from Karl Polanyi, who describes the market embedded in institutions. Polanyi (2001/1944). 73 North (1990) p. 3. 74 North (1990) p.

Co-evolution of technology and institutions”), I claim that technological path-dependent processes do not take place in an 29 In the 1980s, when the concept was introduced, there existed only one or two (by now famous) definitions. With time passing, a veritable plethora of definitions has emerged. 25 institutional vacuum, but they both shape and are shaped by their institutional environment, creating so called socio-technological systems. 3. (“Knowledge as a path-dependent process”), I claim that the prime mover of technological path dependent processes is knowledge embedded in existing technology, but also new knowledge created in human interaction with technology.

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Abstract Set Theory (Notre Dame Mathematical Lectures 8) by Thoralf Skolem

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