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Economic Evolution

An Inquiry into the Foundations of the New Institutional Economics

Economic Evolution by Jack J Vromen
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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 accounts of spontaneous evolution.
Close analysis reveals that the approaches differ on such fundamental issues as the meaning of terms like `institution' and `evolution'. However, the book also uncovers two evolutionary mechanisms that govern processes of economic change in all of these approaches.
Taylor and Francis; September 2003
254 pages; ISBN 9781134796571
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Title: Economic Evolution
Author: Jack J Vromen
 
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ISBNs
0203434005
9780203434000
9780415128124
9781134796564
9781134796571