1st Edition

Knowledge, Institutions and Evolution in Economics

By Brian Loasby Copyright 1999
188 Pages
by Routledge

192 Pages
by Routledge

192 Pages
by Routledge

Winner of the Schumpeter Prize, 2000 and Winner of the Smith Prize in Austrian Economics, 2000, this book explores how the limitations of human knowledge create both opportunities and problems in the modern economy. The growing field of evolutionary economics has developed as a result of the traditional failure of the discipline to explain certain phenomena that impact greatly on the economy.... Read more
Foreword Preface Acknowledgements 1. The Problem of Knowledge 2. Selection and Evolution 3. Cognition and Institutions 4. Capabilities 5. Transactions and Governance 6. Economics Organisation 7. Understanding Markets
8. The division of Labour and the Growth of Knowledge Bibliography Index

Biography

Brian Loasby has held positions in Aberdeen, Birmingham, Bristol and Stirling, where he is currently Honorary Professor.

'...well balanced account of the individual foundations of economic evolution.' - U. Cantner, Journal of Economics Vol. 72, No. 1, 2000