ECONOMIC EVOLUTION by Professor Jack J. Vromen ( 9780415128131 )

Item Details

Title:

ECONOMIC EVOLUTION
AN INQUIRY INTO THE FOUNDATIONS OF THE NEW INSTITUTIONAL ECONOMICS

By:

Professor Jack J. Vromen

Format:

Paperback

List price:

£61.99

Our price:

£60.13

Discount:

3% off

You save:

£1.86

ISBN 10:

0415128137

ISBN 13:

9780415128131

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Publisher:

TAYLOR & FRANCIS LTD

Pub. date:

19 October, 1995

Series:

Economics as Social Theory

Pages:

256

Description:

The new institutional economics offers one of the most exciting research agendas in economics today. The book looks at the differences and similarities between the three main approaches.

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.

Illustrations:

Illustrations

Publication:

Imprint:

Routledge

Returns:

Returnable

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ECONOMIC EVOLUTION