This paper deals with the nature of the economic growth process, given by the interaction of institutional and technological change, the role of firms and institutions. This analytical perspective is present in both the evolutionary and the institutionalist approach. They both agree in two...

Adam Smith and his context: the Scottish enlightenment This essay argues that Adam Smith´s thought should be interpreted within the intellectual context of the Scottish enlightenment. It discusses the origins and the specific nature of the enlightenment in Scotland in order to highlight the...