| Economic Evolution: An Inquiry into the Foundations of the New Institutional Economics Contributor(s): Vromen, Jack J. (Author) |
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ISBN: 0415128137 ISBN-13: 9780415128131 Publisher: Routledge OUR PRICE: $66.45 Product Type: Paperback - Other Formats Published: October 1995 Annotation: The new institutional economics offers one of the most exciting research agendas in economics today. Economic Evolution questions if it can explain the processes of economic change. It explores three of the main approaches within the new institutional economics: the new theory of the firm, Nelson and Winter's evolutionary economics and game theoretical accounts of sponateous evolution. Close analysis reveals that the approaches differ on such fundamental issues as the meaning of terms like "institution" and "evolution." Economic Evolution also uncovers two evolutionary mechanisms that govern processes of economic change in all of these approaches. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General |
| Dewey: 330 |
| LCCN: 95006423 |
| Lexile Measure: 1320 |
| Series: Economics as Social Theory |
| Physical Information: 0.54" H x 6.14" W x 9.21" (0.80 lbs) 254 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |