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An evolutionary Theory of economic change

Framsida
7 Recensioner
Harvard University Press, 1982 - 437 sidor

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.

  

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Review: An Evolutionary Theory of Economic Change

Användarrecension  - Marks54 - Goodreads

This is an important volume of economic theory that deals with alternatives to traditional neoclassical analysis. This sounds arcane - and it may well be - the discussion has considerable implications ... Läs hela recensionen

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An evolutionary theory of economic change
An evolutionary theory of economic change
Richard R. Nelson,Sidney G. Winter
Fragmentarisk förhandsgranskning - 1982

Vanliga ord och fraser

advance analysis analytic assumptions average bounded rationality capacity utilization rule capital stock chapter characterized choice CM CM complex concentration context cost decision rules discussion distribution dynamic economic economists effect environment equilibrium evolution evolutionary models evolutionary theory example explored fact factor prices firm behavior firm's formal function imitation important industry initial innovative R&D input coefficients investment involved knowledge labor latent productivity market failure market structure Markov process maximization ment neoclassical nological nomic normative economic O O O O operation optimal organization organizational orthodox theory output parameter particular performance phenomena possible probability distribution problem production function productiv profit profit maximization question ratio regime relative response result returns to scale rH rH role routine runs Schumpeterian competition sectors selection simulation skill Solow specific strategy tacit knowledge tech techniques tend theoretical tion tive values variables welfare economics

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Referenser från webbsidor

Kauffman Foundation: Entrepreneurship Research Portal: An ...
An Evolutionary Theory of Economic Change. (Book). Winter, Sidney G.; Nelson, Richard R. An Evolutionary Theory of Economic Change. 1982. 437 pp. ...
research.kauffman.org/ cwp/ appmanager/ research/ researchDesktop;jsessionid=HAOC2tvgyO186r09bDwx2fKSStHV2IFhRnDdPzbS8qw...

JSTOR: An Evolutionary Theory of Economic Change
Reviews of books / Comptes rendus 868 Nelson and Winter An Evolutionary Theory of Economic Change by B. CURTIS EATON 871 Leacy, ed. ...
links.jstor.org/ sici?sici=0008-4085(198411)17%3A4%3C868%3AAETOEC%3E2.0.CO%3B2-V

Richard R. Nelson (economist) - Wikipedia, the free encyclopedia
He is one of the leading figures in the revival of evolutionary economics thanks to his seminal book 'An Evolutionary Theory of Economic Change' (1982) ...
en.wikipedia.org/ wiki/ Richard_R._Nelson_(economist)

An Evolutionary Theory of Economic Change[经济中国论坛] -- Powered ...
An Evolutionary Theory of Economic Change. pigbig. 帅哥哟，离线，有人找我吗？ 等级：少尉. 文章：25. 积分：143. 门派：无门无派. 注册：2007年1月18日 ...
bbs.econchina.org.cn/ bbs/ dispbbs.asp?boardID=16& ID=3463& page=7

organisation theory.qxp
Nelson, rr and sg Winter An evolutionary theory of economic change. (Cambridge, Mass.: Belknap Press, 1982). Reprinted 2005 ...
www.lse.ac.uk/ collections/ MES/ pdf/ peterE8047_Organisation%20theory.pdf

bibliovault - An evolutionary theory of economic change
An evolutionary theory of economic change Richard R. Nelson and Sidney G. Winter Publisher: Harvard University Press, 1982 ISBN-10: 0-674-27228-5 (Paper); ...
www.bibliovault.org/ BV.book.epl?BookId=7913

Universidad Pablo de Olavide. Biblioteca /All Locations
Título, An evolutionary theory of economic change / Richard R. Nelson and Sidney G. Winter. Publicación, Cambridge (Massachusetts) : Belknap Press of ...
athenea.upo.es:2082/ record=b1020970*spi

Om författaren (1982)

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

Bibliografisk information

QR code for An evolutionary Theory of economic change
TitelAn evolutionary Theory of economic change
Belknap Press Series
FörfattareRichard Rex Nelson
BidragareSidney G. Winter
Utgåva6, illustrerad, nytryck
UtgivareHarvard University Press, 1982
ISBN0674041437, 9780674041431
Längd437 sidor
  
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