The 1982 book “An Evolutionary Theory of Economic Change” by Richard Nelson and Sidney Winter has become a true social science classic, and is the most cited work within the field of innovation studies. However, contrary to the authors’ own …
During the last two-three decades innovation has become a more central issue on policy makers’ agendas, and the interest for innovation policy has increased a lot. The agendas of policy makers and researchers have also been broadened, from focusing mainly …
Piketty’s “Capital in the Twenty-First Century “ has got a lot of attention, and deserves praise for its detailed presentation of data on distribution of income and wealth over the longer run. However, the title of the book, mimicking one …
Josef Schumpeter was born in 1883 in the then Austrian empire and died in 1950 in the United States. He grew up in Vienna around the turn of the century and studied law and economics there. During the early part …
This book is, as the title indicates, devoted to an analysis of the growth miracle of capitalism. It is a blend of verbal discussion and formal analysis. Although the book also contains some material that is historical in character, considering …
William Baumol: ”The Free-Market Innovation Machine” Read more »
This is an unusual book, and a very important one, too. It addresses „big issues“ such as the (theoretical) sources of the evolutionary approach, and how this approach might be developed in understanding how the economy evolves through time. As …