Born in 1930, Brian J. Loasby is generally recognised as the leading post-Marshallian economic theorist. He has published widely on the theory of economic organisation, methodology, and the history of economic ideas, including Smith and Keynes. His work includes the now-classic Choice,...

In his seminal article Economic Action and Social Structure: The Problem of Embeddedness Granovetter argued that economic action is embedded in social relations and structures that affect its functioning, and that economic action should be analyzed as such. In theories of the business firm the...

This paper discusses the reasons for the success of the New Growth theory. Given that the NGT has a somewhat tautological quality, that its essential ideas have been known for a long time, and that it does not make contact with a large literature on institutions and economic change, its strong...

It has recently been argued by a number of writers that the evolutionary theory of the firm is a genuine theoretical rival to the contractual theory of the firm. This paper presents a reconstruction of the evolutionary theory of the firm. A taxonomy developed by the Polish philosopher Krajewski...

In evolutionary economics the firm is the sole locus of economic and technological change, and only little is said about the analytical importance of economic relationships. An emerging theme in the fields of economic sociology, however, is the idea that economic activities are embedded in...