Description
Book SynopsisThis book mounts a full-blown attack on the standard neo-classical theory of economic growth, which Nelson sees as hopelessly inadequate to explain the phenomenon of economic growth. He presents an alternative theory which highlights that economic growth driven by technological advance involves disequilibrium in a fundamental and continuing way.
Trade ReviewRichard Nelson’s writings have a thoroughly admirable clarity and directness, and a concern with issues of recognizable importance that ought to make
Technology, Institutions, and Economic Growth attractive to a wide audience. He is, without question, one of the most creative thinkers in modern economics. -- Nathan Rosenberg, Stanford University
Technology, Institutions, and Economic Growth is a valuable and important collection of papers by one of the leading scholars in the field—arguably the only scholar capable of spanning such a diverse array of perspectives with such assurance and mastery of the material. -- David Mowery, Haas School of Business, University of California, Berkeley
Table of ContentsIntroduction Part I 1. The Agenda for Growth Theory: A Different Point of View 2. The Asian Miracle and Modern Growth Theory Part II 3. Recent Evolutionary Theorizing about Economic Change 4. On the Nature and Evolution of Human Know-how 5. Making Sense of Institutions as a Factor Shaping Economic Performance Part III 6. On the Uneven Evolution of Human Know-how 7. Physical and Social Technologies and Their Evolution Part IV 8. The Problem of Market Bias in Modern Capitalist Economies 9. The Market Economy and the Scientific Commons References Index
