Understanding Technical Change as an Evolutionary Process
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Understanding Technical Change as an Evolutionary Process: (Lectures in Economics: Theory, Institutions, Policy)

Understanding Technical Change as an Evolutionary Process: (Lectures in Economics: Theory, Institutions, Policy)


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About the Book

This book begins by discussing the growing appreciation by economists that technical change is a powerful force tied up with many arenas of economic activity. Nelson's central argument is that this recognition calls for a change in economic analysis to a style that better comprehends that technical change is an evolutionary process. New data is presented on the factors influencing technical change in different industries. These data permit a deeper look into the forces behind the great inter-industry differences in R and D and technical change. The book concludes with a detailed examination of the institutions involved in technical change in advanced capitalist economies. Parts of the system are keyed to rivalry, but there is inter-firm cooperation and sharing as well. There are public funds and institutions in the system, as well as private. Nelson's thought-provoking work combines in a masterly way deep theoretical insight with detailed understanding of the functioning of present-day institutions. This book is a contribution not simply to understanding of technical change, but to understanding of economic dynamics more generally.

Table of Contents:
1. Technical Change and Economic Analysis 2. Evolutionary Modelling 3. Inter-Industry Differences 4. The Public and Private Faces of Technology 5. Government Support of Technical Advance in Industry 6. Reprise


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Product Details
  • ISBN-13: 9780444702074
  • Publisher: Elsevier Science & Technology
  • Publisher Imprint: Elsevier Science Ltd
  • Height: 190 mm
  • Series Title: Lectures in Economics: Theory, Institutions, Policy
  • ISBN-10: 0444702075
  • Publisher Date: /11/1987
  • Binding: Hardback
  • Language: English
  • Width: 130 mm


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Understanding Technical Change as an Evolutionary Process: (Lectures in Economics: Theory, Institutions, Policy)
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Understanding Technical Change as an Evolutionary Process: (Lectures in Economics: Theory, Institutions, Policy)
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