This collection of essays offers a fresh and challenging interpretation which departs from the received views of two giants among the greatest economists of all

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique

Pan Am, Gimbel’s, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland—all once as strong as dinosaurs, all now just as extinct. Destru

Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influ

Schumpeter first reviews the basic economic concepts that describe the recurring economic processes of a commercially organized state in which private property,