Firms, Markets and Economic Change : A dynamic Theory of Business Institutions book cover
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Firms, Markets and Economic Change
A dynamic Theory of Business Institutions

By

Richard N. Langlois

,

Paul L. Robertson

Copyright Year 1995



ISBN 9780415123853
Published July 27, 1995 by Routledge
200 Pages
 
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Book Description

Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex process that defies neat categorization and government policy should be to facilitate change rather than to direct it.