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An Evolutionary Theory of Economic Change
  • Language: en
  • Pages: 456

An Evolutionary Theory of Economic Change

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in sea...

Innovation and the Evolution of Industries
  • Language: en
  • Pages: 293

Innovation and the Evolution of Industries

A new approach to the analysis of technological process, emphasising the tailoring of formal modelling to historical context.

Routledge Handbook of Evolutionary Economics
  • Language: en
  • Pages: 477

Routledge Handbook of Evolutionary Economics

While dating from post-Classical economists such as Thorstein Veblen and Joseph Schumpeter, the inception of the modern field of evolutionary economics is usually dated to the early 1980s. Broadly speaking, evolutionary economics sees the economy as undergoing continual, evolutionary change. Evolutionary change indicates that these changes were not planned, but rather were the result of innovations and selection processes. These often involved winners and losers, but most importantly, they resulted in actors learning what was and was not working. Evolutionary economics, in contrast to mainstream economics, emphasises the relevance of variables such as technology, institutions, decision rules...

Handbook on the Economics and Theory of the Firm
  • Language: en
  • Pages: 607

Handbook on the Economics and Theory of the Firm

This unique Handbook explores both the economics of the firm and the theory of the firm, two areas which are traditionally treated separately in the literature. On the one hand, the former refers to the structure, organization and boundaries of the firm, while the latter is devoted to the analysis of behaviours and strategies in particular market contexts. the novel concept underpinning this authoritative volume is that these two areas closely interact, and that a framework must be articulated in order to illustrate how linkages can be created. This interpretative framework is comprehensively developed in the editors' introduction, and the expert contributors – more than fifty academics of...

Evolutionary Economics: Program and Scope
  • Language: en
  • Pages: 378

Evolutionary Economics: Program and Scope

Evolutionary Economics: Program and Scope offers a fresh look at the paradigmatic foundations and basic theoretical propositions of economics. Twelve authors - each of them with his own distinct contribution to economics - make a step forward by reinterpreting major areas of micro and macroeconomics in line with modern evolutionary thinking. This volume offers a unified approach to economics that allows recent developments in various strands of Evolutionary Economics to be integrated and major positions of Neoclassical Economics to be reconsidered. The chapters on `Evolutionary Macro Economics' explore macro areas such as the division of labor and knowledge, technology and institutions, popu...

Corporate Governance in China
  • Language: en
  • Pages: 192

Corporate Governance in China

The nature of corporate governance is a key determinant of corporate performance and, therefore, of a country's overall economic power. This title examines key questions relating to corporate governance in China, exploring differences between private and state-owned companies.

The New Old Economy
  • Language: en
  • Pages: 240

The New Old Economy

  • Type: Book
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  • Published: 2005-11-03
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  • Publisher: OUP Oxford

American manufacturing is in obvious crisis: the sector lost three million jobs between 2000 and 2003 as the American trade deficit shot to record highs. Manufacturers have increasingly decentralized productive responsibilities to armies of supplier firms, both domestically and abroad. Many have speculated as to whether or not manufacturing is even feasible in the United States, given the difficulties. Josh Whitford's book examines the issues behind this crisis, looking at the emergence of a 'new old economy', in which relationships between firms have become much more important. Whitford shows that discussion of this shift, in the media and in the academic literature, hits on the right issue...

Alchemy, Paracelsianism, and Shakespeare’s The Winter’s Tale
  • Language: en
  • Pages: 388

Alchemy, Paracelsianism, and Shakespeare’s The Winter’s Tale

This book explores the role of alchemy, Paracelsianism, and Hermetic philosophy in one of Shakespeare’s last plays, The Winter’s Tale. A perusal of the vast literary and iconographic repertory of Renaissance alchemy reveals that this late play is imbued with several topoi, myths, and emblematic symbols coming from coeval alchemical, Paracelsian, and Hermetic sources. It also discusses the alchemical significance of water and time in the play’s circular and regenerative pattern and the healing role of women. All the major symbols of alchemy are present in Shakespeare’s play: the intertwined serpents of the caduceus, the chemical wedding, the filius philosophorum, and the so-called rex chymicus. This book also provides an in-depth survey of late Renaissance alchemy, Paracelsian medicine, and Hermetic culture in the Elizabethan and Jacobean ages. Importantly, it contends that The Winter’s Tale, in symbolically retracing the healing pattern of the rota alchemica and in emphasising the Hermetic principles of unity and concord, glorifies King James’s conciliatory attitude.

Austrian Economics
  • Language: en
  • Pages: 206

Austrian Economics

This book brings together emerging and established scholars to explore the insights that can be gleaned from applying Austrian economics to a range of different topics and a variety of related disciplines, from history to politics to public policy.

Hayek and Behavioral Economics
  • Language: en
  • Pages: 367

Hayek and Behavioral Economics

  • Type: Book
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  • Published: 2013-01-31
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  • Publisher: Springer

An exploration of Friedrich Hayek's contribution to the foundation of behavioural economics, and how his work interacted with and complemented that of his contemporaries. Chapters include detailed discussions of the concept of rationality, psychology and Hayek's philosophical theories as well as the historical context in which he lived and worked.