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Knowledge, Institutions and Evolution in Economics
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Knowledge, Institutions and Evolution in Economics

Book Details

Format Paperback / Softback
ISBN-10 0415298105
ISBN-13 9780415298100
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date May 23rd, 2002
Print length 188 Pages
Weight 310 grams
Dimensions 15.80 x 23.50 x 1.60 cms
Product Classification: Economic theory & philosophy
Ksh 11,450.00
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This volume explores how the limitations of human knowledge creates opportunities as well as problems in the modern economy.
Winner of the Schumpeter Prize, 2000 and Winner of the Smith Prize in Austrian Economics, 2000, this book explores how the limitations of human knowledge create both opportunities and problems in the modern economy. The growing field of evolutionary economics has developed as a result of the traditional failure of the discipline to explain certain phenomena that impact greatly on the economy. These are:
*Evolution - the impact on the economy of natural change over time
*Institutions - the impact on the economy of government and/or company policy, rules and regulations
*Knowledge - the impact on the economy that is felt when new information becomes available

Knowledge, Institutions and Evolution in Economics is a punchy overview of these topics and one that has become regarded as something of a modern classic that no serious social sciences academic or student should be without.

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