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This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Richard R. Nelson and Sidney G. Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms.
To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive theThis book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Richard R. Nelson and Sidney G. Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the
Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. In this long-awaited book, leading figures in the field provide an overview of the evolutionary perspective, and of the empirical research it has
Presents powerful lessons on life and leadership based on the life and work of Nelson Mandela (1918 - 2013), whose fight against apartheid in South Africa has become an enduring example of resistance against injustice and
Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the
China's extraordinary rise as an economic powerhouse in the past two decades poses a challenge to many long-held assumptions about the relationship between political institutions and economic development. Economic prosperity also was vitally important to the longevity of the Chinese Empire
From the ancients to the moderns, questions of economic theory and policy have been an important part of intellectual and public debate, engaging the attention of some of history's greatest minds. This book brings together readings from more than two thousand years of writings on economic subjects
Evolutionary science is critical to an understanding of integrated human biology and is increasingly recognised as a core discipline by medical and public health professionals. Advances in the field of genomics, epigenetics, developmental biology, and epidemiology have led to the growing
Covering three centuries of unprecedented demographic and economic changes, this textbook is an authoritative and comprehensive view of the shaping of Irish society, at home and abroad, from the famine of 1740 to the present day. The first major work on the history of modern Ireland to adopt a
Evolutionary theory is one of the most wide-ranging and inspiring of scientific ideas. It offers a battery of methods that can be used to interpret human behaviour. But the legitimacy of this exercise is at the centre of a heated controversy that has raged for over a century. Many evolutionary
This book builds upon my previous work, A People That Shall Dwell Alone: Judaism as a Group Evolutionary Strategy (MacDonald 1994/2002; hereafter PTSDA). While PTSDA focused on developing a theory of Judaism within an evolutionary framework, the present volume focuses on the phenomenon of
A compact, profoundly inspiring book that captures the spirit of Nelson Mandela, distilling the South African leader's wisdom into 15 vital life lessons We long for heroes and have too few. Nelson Mandela, who died in 2013 at the age of ninety-five, is the closest thing the world has to a secular
This second edition has been updated to include an assessment of economic relations up to the COVID-19 pandemic. It focuses on three main threads that tie national economies together: flows of goods, of people and of finance. Since the end of the Second World War, the international economy
Managing Criminal Justice Organizations: An Introduction to Theory and Practice, 3rd Edition, covers the formal and informal nature of the organizations involved in criminal justice. Kania and Davis provide an introduction to the administration, organization, and management of criminal justice
Updated to include the Black Lives Matter movement, the presidency of Barack Obama, the rise of hate speech on the Internet, and moreSince the publication of the first edition of Critical Race Theory in 2001, the United States has lived through two economic downturns, an outbreak of terrorism, and
This updated and revised new edition of Six Key Approaches to Counselling and Therapy provides an accessible introduction to the theory and practice of six of the most popular contemporary therapeutic approaches from the three main schools of therapy practice: cognitive therapy and solution-focused
FIFTY THINGS THAT SHAPES THE MODERN ECONOMY paints the epic picture of economic change in an intimate way, by telling the stories of tools and ideas that had far-reaching and unexpected consequences. Based on the series produced for the BBC World Service Who thought up paper money? How did the
Berwick and Chomsky draw on recent developments in linguistic theory to offer an evolutionary account of language and humans' remarkable, species-specific ability to acquire it.'A loosely connected collection of four essays that will fascinate anyone interested in the extraordinary phenomenon of
Builds an argument for evolutionary adaptation as the force behind all life on earth. Regarding evolution's complex achievements as peaks on a metaphorical mountain, this book reveals the ways in which the theory of natural selection can precisely explain the beautiful, bizarre and seemingly
An 'illuminating' study that reveals the different ways social change occurs--for readers of Freakonomics and Thinking, Fast and Slow (The New York Times) How does social change happen? When do social movements take off? Sexual harassment was once something that women had to endure; now a movement
Richard A. Goldthwaite, a leading economic historian of the Italian Renaissance, has spent his career studying the Florentine economy. In this magisterial work, Goldthwaite brings together a lifetime of research and insight on the subject, clarifying and explaining the complex workings of
Behavioural Theory of the Firm has become a classic work in organizational theory, and is one of the most significant contributions to improving the theory of the firm. This second edition includes new material which puts the original text in a contemporary