The General Theory of Transformational Growth (English, Edward J. Nell)
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Book Details
Publisher
Cambridge University Press
Language
English
ISBN-13
9780521590068
ISBN-10
052159006X
Author
Edward J. Nell
About the Book
For the past century, economic analysis has been wedded to the idea of equilibrium, in spite of the evident fact that most economic relationships are in flux. The theory of transformational growth in this work replaces equilibrium with history. The role of the market is not to allocate resources, but to generate innovations, which are "selected" by competition in an evolutionary process. These innovations in turn change the way markets work and h…
ISBN: 9780521590068
ISBN-13: 9780521590068
ISBN-10: 052159006X
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Product ID: isbn-9780521590068
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