Economic Evolution
Taylor & Francis

Economic Evolution - Paperback / softback

Edition: 1st Edition
Subjects: Economics, Economic theory & philosophy
ISBN13: 9780415128131
Published: 20 Aug 1970

Format - Paperback / softback
By Jack J Vromen

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Regular price A$99.20
Sale price A$99.20 Regular price A$124.00

Economic Evolution - Paperback / softback

Regular price A$99.20
Sale price A$99.20 Regular price A$124.00
Product description

The new institutional economics offers one of the most exciting research agendas in economics today. Yet can it really explain processes of economic change? Economic Evolution explores three of the main approaches within the new institutional economics:
* the new theory of the firm,
* Nelson and Winter's evolutionary economics
* game theoretic accounts of spontaneous evolution.
Close analysis reveals that the approaches differ on such fundamental issues as the meaning of terms like `institution' and `evolution'. However, the book also uncovers two evolutionary mechanisms that govern processes of economic change in all of these approaches.

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