Economic Evolution: An Inquiry into the Foundations of the New Institutional Economics

Vromen, Jack J (Author)

ISBN 10: 0415128129 / ISBN 13: 9780415128124

Published by Routledge, 1995

About this Item

1st edition. 245 pages. 9.75x6.50x1.00 inches. In Stock.

Seller Inventory # x-0415128129

Bibliographic Details

• Title: Economic Evolution: An Inquiry into the Foundations of the New Institutional Economics
• Publisher: Routledge
• Publication Date: 1995
• Language: English
• ISBN 10: 0415128129
• ISBN 13: 9780415128124
• Binding: Hardcover
• Condition: Brand New
• Weight: 0.63 kilograms

About this title

Synopsis

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.

About the Author

Jack J Vromen