Technology, institutions, and economic growth
By: Richard R. Nelson.
Publisher: Harvard University Press
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Number of pages: 306
Subjects: Economic development; Technology -- Economic aspects; Institutional economics
Description: "In this book Richard R. Nelson mounts a full-blown attack on the standard neoclassical theory of economic growth, which he sees as hopelessly inadequate to explain the phenomenon. His alternative theory posits that economic growth driven by technological advance involves disequilibrium in a fundamental and continuing way. Nelson argues that an adequate theory must take into account a range of institutions, from universities to public laboratories and from government agencies to business firms and markets."--Jacket.
Notes: Includes bibliographical references and index.