Nelson, RR
An Evolutionary Theory of Economic Change (Belknap Press)
- ISBN 13:
- 9780674272286
- author:
- Nelson, RR
- format:
- Paperback
- publisher:
- Harvard University Press
- language:
- English
- Publication Year:
- 1990
- Pages:
- 454
- Genre:
- Economics
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Richard R. Nelson's "An Evolutionary Theory of Economic Change" presents a significant challenge to mainstream neoclassical economics, offering a new approach to understanding business behavior and industry dynamics. By drawing on biological concepts of natural selection, Nelson and Winter develop a detailed evolutionary theory that replaces traditional assumptions of profit maximization and market equilibrium. This book offers a powerful new framework for analyzing the dynamics of competition among firms, and its results have important implications for welfare economics and government policy. The authors' approach is also compatible with findings in psychology and other social sciences, making it a valuable contribution to the field of economics. With its focus on the evolutionary process and the role of natural selection in shaping business behavior, "An Evolutionary Theory of Economic Change" is a thought-provoking and insightful work that will be of interest to scholars and researchers in the field.
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