Bringing institutions into evolutionary growth theory |
| |
Authors: | Richard R Nelson |
| |
Institution: | (1) School of International and Public Affairs, Columbia University, 420 W. 118th St., New York, NY 10027, USA (e-mail: rrn2@columbia.edu) , US |
| |
Abstract: | Classical economics was both evolutionary and institutional. With the rise of neoclassical economics, both the evolutionary
and the institutional aspects were squeezed out of main line economic theory. The last quarter century has seen a rebirth
of both traditions, but as minority intellectual positions, and to a considerable extent separate ones. This essay argues
the need for a rejoining of evolutionary and institutional economics, and suggests a way to bring the two strands together
in a coherent way. |
| |
Keywords: | :Evolution – Institutions – Technology – Growth |
本文献已被 SpringerLink 等数据库收录! |
|