An Evolutionary Theory of Economic Change (Belknap Press)
by Nelson
Explores economic change as an evolutionary process driven by organizational routines, learning, and competitive selection rather than static equilibrium.
About This Book
This book presents an evolutionary perspective on economic change and firm behavior.
It challenges traditional equilibrium-based theories with a dynamic, process-oriented approach.
The authors examine how organizations adapt, learn, and compete over time.
Key concepts include routines, search behavior, and selection mechanisms in economic systems.
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