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Evolutionary Theory of Economic Change by Sidney G. Winter

Evolutionary Theory of Economic Change - Book

About 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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  • Language:
  • English
  • ISBN:
  • 9780674272286
  • Binding:
  • Paperback
  • Pages:
  • 454
  • Published:
  • October 15, 1985
  • Dimensions:
  • 226x153x27 mm.
  • Weight:
  • 772 g.
  • £38.99
  • £1.99
  • 3-5 business days
  • April 16, 2021
Description of 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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