Evolutionary Theory of Economic Change by Richard R. Nelson
Look inside with Google Book Preview
Evolutionary Theory of Economic Change
By Richard R. Nelson

An Evolutionary Theory of Economic Change

By (author) See other recent books by Richard R. Nelson See other recent books by Sidney G. Winter
Format: Paperback

Normal Price: $84.00
Your Price: $75.60 AUD, inc. GST
Shipping: $7.95 per order
You Save: $8.40! (10% off normal price)
Plus...earn $3.78 in Boomerang Bucks
Availability: Available Available to Backorder, No Due Date for Supply, Not for Xmas



Evolutionary Theory of Economic Change by Richard R. Nelson

Book Description

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.

Buy Evolutionary Theory of Economic Change book by Richard R. Nelson from Australia's Online Bookstore, Boomerang Books.


Book Details

ISBN: 9780674272286
ISBN-10: 0674272285
Format: Paperback
(229mm x 152mm x 23mm)
Pages: 454
Imprint: The Belknap Press
Publisher: Harvard University Press
Publish Date: 1-Jul-1990
Country of Publication: United States

Other Editions...


Books By Author Richard R. Nelson


Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Evolutionary Theory of Economic Change book by Richard R. Nelson and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write a book review


Author Biography - Richard R. Nelson

Richard R. Nelson is George Blumenthal Professor of International and Public Affairs, Business, and Law, Emeritus, at Columbia University.

Boomerang Bucks close

For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.

Recent books by Richard R. Nelson close
Structural Change in a Developing Economy by Richard R. Nelson
Rate and Direction of Inventive Activity by Richard R. Nelson
Innovation and the Evolution of Industries by Richard R. Nelson
Innovation and the Evolution of Industries by Richard R. Nelson
Medical Innovation by Richard R. Nelson
Structural Change in a Developing Economy by Richard R. Nelson
Oxford Handbook of Innovation by Richard R. Nelson
Technology, Institutions, and Economic Growth by Richard R. Nelson
Oxford Handbook of Innovation by Richard R. Nelson
Technological Innovation and Economic Performance by Richard R. Nelson
Nature and Dynamics of Organizational Capabilities by Richard R. Nelson
Technology, Learning, and Innovation by Richard R. Nelson
Technology, Learning, and Innovation by Richard R. Nelson
Nature and Dynamics of Organizational Capabilities by Richard R. Nelson
Sources of Economic Growth by Richard R. Nelson
Sources of Industrial Leadership by Richard R. Nelson
Sources of Industrial Leadership by Richard R. Nelson
Convergence of Productivity by Richard R. Nelson
National Innovation Systems by Richard R. Nelson
»
Recent books by Sidney G. Winter close
Nature and Dynamics of Organizational Capabilities by Sidney G. Winter
Nature and Dynamics of Organizational Capabilities by Sidney G. Winter
Nature of the Firm by Sidney G. Winter
Evolutionary Theory of Economic Change by Sidney G. Winter
»
BoomerangBooks.com.au close