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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... seems that they allshare the basic supposition that science primarily aimsat formulating true, explanatory theories. I was ledbythe intuition that Milton Friedman's wellknown though controversialstatement that'the more significantthe ...
... seems that they allshare the basic supposition that science primarily aimsat formulating true, explanatory theories. I was ledbythe intuition that Milton Friedman's wellknown though controversialstatement that'the more significantthe ...
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... tobe studied inan 'economic biology'. But he seemed tohold that the operation ofthese forces can be accounted for in terms of marginal analysis. As changes in market conditions are reflected in marginal costs, Marshall seems to argue,
... tobe studied inan 'economic biology'. But he seemed tohold that the operation ofthese forces can be accounted for in terms of marginal analysis. As changes in market conditions are reflected in marginal costs, Marshall seems to argue,
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... seems to argue, their effects can be analysed with the 'dynamical principle' of 'substitutionat the margin'.This suggests that Marshall held that consequences of dynamical forces under changed market conditionscan be accounted forin ...
... seems to argue, their effects can be analysed with the 'dynamical principle' of 'substitutionat the margin'.This suggests that Marshall held that consequences of dynamical forces under changed market conditionscan be accounted forin ...
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... seems to be preoccupied with explanations of the replacementofmarkets byprevailingtypes of organization forms. And Schotter and Sugden analyse processes ofspontaneous evolutioninwhich institutions areestablished andmaintained ...
... seems to be preoccupied with explanations of the replacementofmarkets byprevailingtypes of organization forms. And Schotter and Sugden analyse processes ofspontaneous evolutioninwhich institutions areestablished andmaintained ...
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... seems todealwith phenomena 'one level below'. The evolution of organizationforms is accounted forinterms oftheendeavours ofindividuals. Here, the individualhuman agent is theelementary unitof analysis. This multilayered ...
... seems todealwith phenomena 'one level below'. The evolution of organizationforms is accounted forinterms oftheendeavours ofindividuals. Here, the individualhuman agent is theelementary unitof analysis. This multilayered ...
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Druge izdaje - Prikaži vse
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 |
Pogosti izrazi in povedi
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