Evolutionary and Neo-Schumpeterian Approaches to Economics

GO Evolutionary and Neo-Schumpeterian Approaches to Economics


Author: Lars Magnusson
Type: eBook
Language: English
Released: 1994
Publisher: Springer
Page Count: 323
Format: pdf
ISBN-10: 0792393856
ISBN-13: 9780792393856
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Description:
This volume presents the interrelationships and possible connecting threads between two recent attempts within economic theory to step out of the mainstream of conventional neoclassical wisdom: evolutionary and neo-Schumpeterian theory. Neo-Schumpeterian and evolutionary approaches to economics present a challenge to conventional neoclassical orthodoxy. They provide new insights into how markets function, how innovations are carried out, how technologies change, and how growth occurs in existing real economies. The two fields of theory and research in which these approaches have proven especially fruitful are the role of innovation for economic change and development and the theory of the firm. The wide range of topics dealt with in this volume provides further proof of the versatility and fruitfulness of these approaches.