The Crisis in Economic Theory
Jon Elster, 20 October 1983
An Evolutionary Theory of Economic Change
by Richard Nelson and Sidney Winter.
Harvard, 437 pp., £20, October 1982,0 674 27227 7 Show More
by Richard Nelson and Sidney Winter.
Harvard, 437 pp., £20, October 1982,
A General Theory of Exploitation and Class
by John Roemer.
Harvard, 298 pp., £22, September 1982,0 674 34440 5 Show More
by John Roemer.
Harvard, 298 pp., £22, September 1982,
“... the construction of plausible alternatives to the neo-classical mode of theorising. Nelson and Winter offer an ‘evolutionary’ alternative which derives in equal amounts from Schumpeter and Simon. From the first they take the idea that competition is a process that involves winners and losers, not just a feature of markets which have so many firms that ... ”