Firms Markets And Economic Change
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Firms Markets And Economic Change
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Author : Richard N. Langlois
language : en
Publisher:
Release Date : 1995
Firms Markets And Economic Change written by Richard N. Langlois and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
An Evolutionary Theory Of Economic Change
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Author : Richard R. Nelson
language : en
Publisher: Harvard University Press
Release Date : 1985-10-15
An Evolutionary Theory Of Economic Change written by Richard R. Nelson and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985-10-15 with Business & Economics categories.
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Business Systems In East Asia
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Author : Professor Richard Whitley
language : en
Publisher: SAGE
Release Date : 1992-07-27
Business Systems In East Asia written by Professor Richard Whitley and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-07-27 with Business & Economics categories.
In this major contribution to comparative-international business Richard Whitley compares and contrasts the dominant characteristics of firms and markets in Japan, South Korea, Taiwan and Hong Kong, relating these to their particular social, political and economic contexts. At the level of the firm he looks at such areas as management styles and structures, decision-making processes, owner-employee relations, and patterns of company growth and development. He also discusses market development, customer, supplier and inter-firm relations, and the roles of the financial sectors and the state in market and industry development. The book also examines the ways in which key social institutions in each country have affected the evolution of business. Finally, the author makes a comparison of East Asian business systems with dominant Western practices.
Firms Markets And Economic Change
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Author : Richard N. Langlois
language : en
Publisher: Routledge
Release Date : 2002-06-01
Firms Markets And Economic Change written by Richard N. Langlois and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-01 with Business & Economics categories.
Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex process that defies neat categorization and government policy should be to facilitate change rather than to direct it.
An Evolutionary Theory Of Economic Change
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Author : Richard R. Nelson
language : en
Publisher: Belknap Press
Release Date : 1982
An Evolutionary Theory Of Economic Change written by Richard R. Nelson and has been published by Belknap Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Richard R. Nelson and Sidney G. Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Institutions And Economic Change
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Author : European Association for Evolutionary Political Economy
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998
Institutions And Economic Change written by European Association for Evolutionary Political Economy and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Let them eat data! could be the cry of economic's new glasses, which show not the allocation of scarce resources, but the creation, distribution, and use of information and other newly created products. A dozen papers from an October 1994 conference in Copenhagen present theories of the relationships between institutions and economic change, with applications in such fields as innovation, the firm, technical change, markets, and economic systems. They focus on the roles of learning, knowledge, trust, and norms. Addressed to academic economists. The CiP data shows Johnson as the first editor. Annotation copyrighted by Book News, Inc., Portland, OR
Institutions And Economic Change
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Author : Björn Johnson
language : en
Publisher:
Release Date : 1998
Institutions And Economic Change written by Björn Johnson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Evolutionary economics categories.
Organizations Individualism And Economic Theory
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Author : Maria Brouwer
language : en
Publisher: Routledge
Release Date : 2012-08-21
Organizations Individualism And Economic Theory written by Maria Brouwer and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-21 with Business & Economics categories.
Most economic theory is based on the assumption that economies grow in a linear fashion. Recessions, depressions and (financial) crises are explained by policy mistakes. However, economic development has historically been uneven, and this state of affairs continues today. This book argues that twentieth century economic theory has marginalized individualism and organizational variety, and puts forward the case for a pluralist approach. This book represents a unique synthesis of business theory and economic theory, which pinpoints the problems with many current mainstream theories and sets out new agendas for research. Here, Maria Brouwer argues that market competition is not about adapting to changes from outside, but is driven by human motivation and goal directed behavior. This gives managerial skills, which do not traditionally have a significant place in mainstream economic theory, a key role. It also highlights the need for organizations that have a motivational culture and appreciate human capital. This differs from the traditional view of the firm as a production function dictated by technology. Brower argues that organizations should be depicted as voluntary associations of people that pursue goals of their own, while firms compete on markets, where relative performance determines their fate. This argument builds on older theories of innovation and market competition that live on in business school curricula, and paints a picture of an economy directed by individuals and firms. This signals a bold departure from standard economic thinking.
Economics And Economic Change
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Author : Graham Dawson
language : en
Publisher: Pearson Education
Release Date : 2006
Economics And Economic Change written by Graham Dawson and has been published by Pearson Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economics categories.
Markets For Technology
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Author : Ashish Arora
language : en
Publisher: MIT Press
Release Date : 2004-01-30
Markets For Technology written by Ashish Arora and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-30 with Business & Economics categories.
The past two decades have seen a gradual but noticeable change in the economic organization of innovative activity. Most firms used to integrate research and development with activities such as production, marketing, and distribution. Today firms are forming joint ventures, research and development alliances, licensing deals, and a variety of other outsourcing arrangements with universities, technology-based start-ups, and other established firms. In many industries, a division of innovative labor is emerging, with a substantial increase in the licensing of existing and prospective technologies. In short, technology and knowledge are becoming definable and tradable commodities. Although researchers have made significant advances in understanding the determinants and consequences of innovation, until recently they have paid little attention to how innovation functions as an economic process. This book examines the nature and workings of markets for intermediate technological inputs. It looks first at how industry structure, the nature of knowledge, and intellectual property rights facilitate the development of technology markets. It then examines the impacts of these markets on firm boundaries, the division of labor within the economy, industry structure, and economic growth. Finally, it examines the implications of this framework for public policy and corporate strategy. Combining theoretical perspectives from economics and management with empirical analysis, the book also draws on historical evidence and case studies to flesh out its research results.