Equilibrium and Evolution: An Exploration of Connecting Principles in Economics
This 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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
accept activities advantages agents allow analysis appear apply argument assumed attempt attention behaviour better chapter choice co-ordination communication companies competition complex concept connecting principles consequences continuing costs course create customers decomposability defined depends economic economists effective efficient emphasises environment equilibrium especially evolution example expectations experience explain firm formal framework give growth Hahn's Herbert Simon human ideas important impossible improve increasing individual industry innovation interpretation Kelly kind knowledge lead less limited linked logic Marshall Marshall's means Menger's ment messages methods observe offer operate opportunity organisation paradigm particular patterns perhaps possible precisely preserve problems production progress proposition rational reason recognise relationships requires research programme routines rules scientific similar Smith specific structure successful suggest theories and policies tion understand