An Evolutionary Theory of Economic Change
by Richard R. Nelson, Sidney G. Winter
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This book contains the most sustained and serious attack on mainstreem, neoclassical economics in morethan forty years. Nelson and Winter focus their critique on the basic question of how firms and industries cange over time. 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.Tags
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Richard R. Nelson is George Blumenthal Professor of International and Public Affairs, Business and Law, Emeritus, at Columbia University.
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- An Evolutionary Theory of Economic Change
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- English
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