A01=Jack J Vromen
Adaptive Learning
adaptive systems in economics
arguments
Author_Jack J Vromen
behaviour
Category=KCA
Causal Feedback Loop
darwinian
Darwinian Natural Selection
Economic Evolutionary Theory
Efficient Organization Forms
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equilibrium Explanation
Error Learning
evolutionary
evolutionary economics methods
Evolutionary Game Theory
Expert Billiard Player
firm
firm behaviour modelling
Functional Explanation
Group Selection
Hard Core Proposition
industry
Industry Behaviour
institutional change
Invisible Hand Explanation
Marginal Analysis
Nash Equilibrium
natural
Neoclassical Theorems
organisational adaptation
Replicator Dynamics
Rotten Kid Theorem
selection
Selection Arguments
spontaneous order mechanisms
theory
transaction cost analysis
Ultimate Claim
Unit Variable Production Cost
Vice Versa
Williamson's Account
Williamson’s Account
Winter's Evolutionary Theory
winters
Winter’s Evolutionary Theory
Product details
- ISBN 9780415128124
- Weight: 630g
- Dimensions: 156 x 234mm
- Publication Date: 19 Oct 1995
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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.
