An Evolutionary Theory Of Economic Change


An Evolutionary Theory Of Economic Change
Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Size: 28.80 MB
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An Evolutionary Theory Of Economic Change

eBook File: An-evolutionary-theory-of-economic-change.PDF Book by Richard R. Nelson, An Evolutionary Theory Of Economic Change Books available in PDF, EPUB, Mobi Format. Download An Evolutionary Theory Of Economic Change books, This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.


An Evolutionary Theory of Economic Change
Language: en
Pages: 454
Authors: Richard R. Nelson
Categories: Business & Economics
Type: BOOK - Published: 2009-06 - Publisher: Harvard University Press
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium,
Поклик пращурів
Language: uk
Pages:
Authors: Джек Лондон
Categories: Business & Economics
Type: BOOK - Published: 2020-01-04 - Publisher: Family Leisure Club
Books about Поклик пращурів
Modern Evolutionary Economics
Language: en
Pages:
Authors: Richard R. Nelson, Giovanni Dosi, Constance E. Helfat, Andreas Pyka, Pier Paolo Saviotti, Keun Lee, Kurt Dopfer, Franco Malerba
Categories: Business & Economics
Type: BOOK - Published: 2018-04-30 - Publisher: Cambridge University Press
Presents the evolutionary perspective of the economy as perpetually moving, driven by innovation, and the empirical research this has guided.
Егоїстичний ген
Language: uk
Pages:
Authors: Річард Докінз
Categories: Science
Type: BOOK - Published: - Publisher: Family Leisure Club
Books about Егоїстичний ген
Choice
Language: en
Pages:
Authors: Річард Докінз
Categories: Academic libraries
Type: BOOK - Published: 1998 - Publisher:
Books about Choice
Recent Evolutionary Theorizing about Economic Change
Language: en
Pages: 70
Authors: Richard R. Nelson
Categories: Economic development
Type: BOOK - Published: 1994 - Publisher:
Books about Recent Evolutionary Theorizing about Economic Change
Toward an Evolutionary Theory of Economic Capabilities
Language: en
Pages: 16
Authors: Richard R. Nelson, Sidney G. Winter
Categories: Economic development
Type: BOOK - Published: 1972 - Publisher: Ann Arbor, Mich. : University of Michigan
Books about Toward an Evolutionary Theory of Economic Capabilities
Economics and Evolution
Language: en
Pages: 212
Authors: Belgian Dutch Association for Post-Keynesian Studies
Categories: Business & Economics
Type: BOOK - Published: 1997 - Publisher: Edward Elgar Pub
Presents an overview of principal characteristics of the modern evolutionary approach to economics and offers insight into the ideas of some of its important representatives and fields of application. Begins with a concise history of evolutionary economics, then discusses its relationship with neoclassical economics, arguing that the two approaches are
Is Economics an Evolutionary Science?
Language: en
Pages: 234
Authors: European Association for Evolutionary Political Economy
Categories: Business & Economics
Type: BOOK - Published: 2000 - Publisher: Edward Elgar Pub
This collection shows the prospects for evolutionary economics, along with its problems. Both the strengths and limitations of Veblen's ideas are clarified. Specific areas examined include the firm, the role and limitations of knowledge, and capitalism.
Problems of Economic Transition
Language: en
Pages:
Authors: European Association for Evolutionary Political Economy
Categories: Communist countries
Type: BOOK - Published: 1996-11 - Publisher:
Books about Problems of Economic Transition