Economics is traditionally taken to be the social science concerned with the production, consumption, exchange, and distribution of wealth and commodities. Econ

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

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

It is widely recognised that mainstream economics has failed to translate micro consistently into macro economics and to provide endogenous explanations for the

This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is