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An Evolutionary Theory of Economic Change
- Binding:
- Paperback
- Pages:
- 454
- Published:
- August 4, 2006
- Dimensions:
- 153x226x27 mm.
- Weight:
- 792 g.
In stock
Delivery:
3-5 business days
Expected delivery: December 5, 2024
Extended return policy to January 30, 2025
Description of An Evolutionary Theory of Economic Change
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.
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