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An Evolutionary Theory of Economic Change

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An Evolutionary Theory of Economic Change - Nelson, Richard R, and Winter, Sidney G
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Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. 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.

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An Evolutionary Theory of Economic Change 1985, Belknap Press, Cambridge

ISBN-13: 9780674272286

Revised edition

Trade paperback