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An Evolutionary Theory of Economic Change

By: Richard R. Nelson (Author) , Sidney G. Winter (Author)

2 in stock

Ksh 9,000.00

Format: Paperback or Softback

ISBN-13: 9780674272286

Publisher: Harvard University Press

Publication Date: Oct 15th, 1985

Weight: 772 grams

Dimension: 22.60 x 15.30 x 2.70 cms

Category: ECONOMICS

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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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