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Institutions and the Evolution of Capitalism - Implications of Evolutionary Economics (Hardcover)
Loot Price: R3,058
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Institutions and the Evolution of Capitalism - Implications of Evolutionary Economics (Hardcover)
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'Capitalism is Change'. This famous expression of Joseph Schumpeter
was not only characteristic of his time, but is certainly relevant
as we enter the twenty-first century. The transition of Eastern
Europe and the former Soviet Union, the Asian crisis and European
integration all characterise the continuous change of capitalism.
What is the role of entrepreneurs in capitalist society? How
effective are technological policies in changing institutions? Are
the economic systems of the United States, Europe and Asia
converging? In answer to these questions distinguished contributors
- including Paul Krugman - focus on the theoretical foundations of
the evolution of capitalist institutions. They apply these
theoretical insights to the firm, sectors and economic systems. The
combination of recent developments in theory with empirical studies
will ensure that this book is essential reading for all those
interested in evolutionary and institutional economics, political
economy, technology policy, innovation and knowledge.
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