{"product_id":"economic-evolution","title":"Economic Evolution","description":"\u003cp\u003eThe new institutional economics offers one of the most exciting research agendas in economics today. Yet can it really explain processes of economic change? \u003cem\u003eEconomic Evolution\u003c\/em\u003e explores three of the main approaches within the new institutional economics:\u003cbr\u003e* the new theory of the firm,\u003cbr\u003e* Nelson and Winter's evolutionary economics \u003cbr\u003e* game theoretic accounts of spontaneous evolution.\u003cbr\u003eClose 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.\u003c\/p\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":45542736199918,"sku":"9780415128131","price":99.2,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/files\/9780415128131.jpg?v=1720133561","url":"https:\/\/bookland.com.au\/products\/economic-evolution","provider":"Book Land AU","version":"1.0","type":"link"}