Knowledge, Institutions, and Evolution in Economics

Knowledge, Institutions, and Evolution in Economics

by Brian Loasby
     
 

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ISBN-10: 0415205379

ISBN-13: 9780415205375

Pub. Date: 03/28/1999

Publisher: Taylor & Francis

Winner of the Schumpeter Prize, 2000 and Winner of the Smith Prize in Austrian Economics, 2000, this book explores how the limitations of human knowledge create both opportunities and problems in the modern economy. The growing field of evolutionary economics has developed as a result of the traditional failure of the discipline to explain certain phenomena that

Overview

Winner of the Schumpeter Prize, 2000 and Winner of the Smith Prize in Austrian Economics, 2000, this book explores how the limitations of human knowledge create both opportunities and problems in the modern economy. The growing field of evolutionary economics has developed as a result of the traditional failure of the discipline to explain certain phenomena that impact greatly on the economy. These are:
*Evolution - the impact on the economy of natural change over time
*Institutions - the impact on the economy of government and/or company policy, rules and regulations
*Knowledge - the impact on the economy that is felt when new information becomes available

Knowledge, Institutions and Evolution in Economics is a punchy overview of these topics and one that has become regarded as something of a modern classic that no serious social sciences academic or student should be without.

Product Details

ISBN-13:
9780415205375
Publisher:
Taylor & Francis
Publication date:
03/28/1999
Series:
Graz Schumpeter Lectures Series
Pages:
192
Product dimensions:
6.34(w) x 9.42(h) x 0.76(d)
Lexile:
1490L (what's this?)

Table of Contents

Foreword Preface Acknowledgements 1. The Problem of Knowledge 2. Selection and Evolution 3. Cognition and Institutions 4. Capabilities 5. Transactions and Governance 6. Economics Organisation 7. Understanding Markets
8. The division of Labour and the Growth of Knowledge Bibliography Index

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