Survey of Economic Theory on Technological Change and Employment, May 1940 PDF Download
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Author: United States. Works Progress Administration
Publisher:
ISBN:
Category :
Languages : en
Pages : 252
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Book Description
Author: United States. Works Progress Administration
Publisher:
ISBN:
Category :
Languages : en
Pages : 252
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Author: Alexander Gourvitch
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 272
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Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Category : Business & Economics
Languages : en
Pages : 456
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Book Description
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 search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Author: United States. Superintendent of Documents
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 2868
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![Catalogue of the Public Documents of the [the Fifty-third] Congress [to the 76th Congress] and of All Departments of the Government of the United States PDF](https://books.google.com/books/content/images/frontcover/YUwLkyg9iq0C?fife=w80-h100)
Author: United States. Superintendent of Documents
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 2636
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Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 496
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Author: United States. Congress. House. Temporary National Economic Committee
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 1534
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Author: Morton I. Kamien
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 338
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Author:
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 224
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Author: National Research Project on Reemployment Opportunities and Recent Changes in Industrial Techniques (U.S.)
Publisher:
ISBN:
Category : Mechanization
Languages : en
Pages : 20
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