Title: An evolutionary theory of economic change
First published: 1982
Description: 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.
Subjects: Economics, Economic development, Organizational change, Economic history
LC classification: HB71 .N44 1982