Equilibrium and Evolution: An Exploration of Connecting Principles in EconomicsThis work, based upon the two Manchester Special Lectures given by the author in 1989-90, and focusing on the central economic issues of co-ordination and change, treats these as problems of equilibrium in the case of co-ordination and as problems of evolution in the case of change. |
Contents
Economic theory and economic problems | 1 |
The organisation of knowledge | 27 |
Economic organisation | 43 |
Firms | 59 |
Markets | 75 |
Innovation | 89 |
Conclusion | 101 |
References | 105 |
113 | |
115 | |
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Common terms and phrases
activities Alfred Marshall analysis argument attention behaviour bounded rationality brium Burns and Stalker chapter Coase coherence companies concept conjectures connecting principles consumer theory conventional costs create customers decomposable systems defined econ economic agents economists effective efficient emphasises entrepreneur environment equili equilibrium evolution example firm firm's formal framework growth of knowledge Hahn Hahn's Herbert Simon human ideas important innovation interpretation Kelly kind Kuhn linked Loasby logic managerial Marshall Marshall's Menger's ment messages Nelson and Winter neoclassical neoclassical economics normal science omic opportunity opportunity costs organisation ories and policies paradigm Pareto optimality particular patterns Penrose perfect competition phenomena Popper's possible potential precisely predictability problems of co-ordinating production proposition rational choice rational expectations reason recognise relationships relevant requires research programme routines Schumpeter Schumpeter's scientific Smith specialisation specific strategy structure sub-system successful suggest suppliers theories and policies tion Williamson Ziman