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An Evolutionary Theory of Economic Change (Belknap Press)

Richard R. Nelson




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 | #876810 in eBooks |  1985-10-15 |  1985-11-14 | File type: PDF

||6 of 6 people found the following review helpful.| A Challenge to Orthodox Economic Theory|By BoilerMaker|Although this book is positioned to challenge some of the fundamental assumptions of orthodox economic theory, it has made a much greater impact on management science than on economics. That being said, the ideas presented here are a clear step forward in economic theorizing. To set the stage for their economic models, whic| |The book ranges from subtle theoretical analyses of the nature of choice to highly explicit mathematical modeling, from the theory of the firm to the theory of bureaucratic agencies. It is very engagingly written, and conveys extremely well the dilemma that mu

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.
You easily download any file type for your device.An Evolutionary Theory of Economic Change (Belknap Press)   |  Richard R. Nelson. I was recommended this book by a dear friend of mine.

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