Economic Evolution: An Inquiry into the Foundations of the New Institutional EconomicsRoutledge, 19. okt. 1995 - 256 strani 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 accoun |
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... example, Dugger1983).Institutions, old institutionalists argue,aretaken by new institutionalist economiststobethe outgrowth ofindividuals minding their own business. Whatismore, new institutionalists are said to view institutions ...
... example, Dugger1983).Institutions, old institutionalists argue,aretaken by new institutionalist economiststobethe outgrowth ofindividuals minding their own business. Whatismore, new institutionalists are said to view institutions ...
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... example, Allen 1988 and Clarkand Juma 1988). They seem to focus exclusively on endogenous 'varietyinducing mechanisms', mechanisms that continuouslyproduce new innovations.A major source of inspiration hereis providedby Schumpeter's ...
... example, Allen 1988 and Clarkand Juma 1988). They seem to focus exclusively on endogenous 'varietyinducing mechanisms', mechanisms that continuouslyproduce new innovations.A major source of inspiration hereis providedby Schumpeter's ...
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... example, account for changes at the level of the industry.The elementaryunit ofanalysis in their theory isthe firm. Williamson's transaction cost economics seems todealwith phenomena 'one level below'. The evolution of organizationforms ...
... example, account for changes at the level of the industry.The elementaryunit ofanalysis in their theory isthe firm. Williamson's transaction cost economics seems todealwith phenomena 'one level below'. The evolution of organizationforms ...
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... example, Mirowski 1989). This isfirstof all reflected in an unceasing cross fertilization of ideas between economics and biology. Darwin's indebtedness to T.Malthusandthe moral philosophers D.Hume and A.Smith iswell documented ...
... example, Mirowski 1989). This isfirstof all reflected in an unceasing cross fertilization of ideas between economics and biology. Darwin's indebtedness to T.Malthusandthe moral philosophers D.Hume and A.Smith iswell documented ...
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... example, Mäki et al. 1993andHodgson 1993b). Nevertheless,I believethatIhave identifiedsome interesting and promising lines of economic research. Moreover, Iam convinced that there is a need for careful philosophical analysis that has ...
... example, Mäki et al. 1993andHodgson 1993b). Nevertheless,I believethatIhave identifiedsome interesting and promising lines of economic research. Moreover, Iam convinced that there is a need for careful philosophical analysis that has ...
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Economic Evolution: An Enquiry Into the Foundations of New Institutional ... Jack J. Vromen Predogled ni na voljo - 1995 |
Economic Evolution: An Enquiry Into the Foundations of New Institutional ... Jack J. Vromen Predogled ni na voljo - 1995 |
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adaptive learning Alchian altruistic antimarginalists argues arguesthat assumed assumption Axelrod Becker biology bounded rationality bythe canbe causal ceteris paribus Chapter Coase competitive cultural evolution Darwinian natural selection Dawkins deliberate Demsetz discussion economic theory efficient Elster entrepreneurs environmental equilibrium evolutionary economists evolutionary game theory evolutionary mechanisms example firm behaviour firm’s forces Friedman functional explanation genes genetic Hayek HDgame Houthakker hypothesis individual organisms industry behaviour inheritance institutional economics institutions inthe isnot isthat itis Jensen Lamarckian Machlup marginal analysis marginalist Maynard Mform mutations Nash equilibrium Nelson and Winter Nelson andWinter Nelsonand neoclassical theory notion onthe optimal organization forms orthodox players population predicted problem processes profit maximization realistic replication replicator dynamics routine behaviour rules satisficing seems selection argument selection mechanism Simon situations Smith’s social survival thatare thatis thatthe theoretical theorists thesame tobe tothe transaction cost economics unit of selection Williamson Winter’s evolutionary theory