Firms, Markets and Economic Change : A Dynamic Theory of Business Institutions
Language: English
Published by Routledge, 1995
- Hardcover
- New

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- Title
- Firms, Markets and Economic Change : A Dynamic Theory of Business Institutions
- Author
- Langlois, Richard N.; Robertson, Paul L.
- Publisher
- Routledge
- Publication year
- 1995
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0415121191
- ISBN 13
- 9780415121194
Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex process that defies neat categorization and government policy should be to facilitate change rather than to direct it.
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