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existence of habits - not fully conscious forms of behavior - is important as it contradicts rational choice theory. Their … energy consumption patterns. A substantial body of literature has shown that our behavior is often guided by habits. The …, social and institutional forces. Habits being potentially "counterintentional," can be considered as a form of behavioral …
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This paper pursues a research agenda inspired by Richard Nelson and Sidney Winter’s Evolutionary Theory of Economic … modern philosophy of biology (Hull, 1981, 1988). It is shown that while habits and routines can be regarded as replicators … of this result and provide an important component in the construction of a multiple-level evolutionary theory, involving …
Persistent link: https://www.econbiz.de/10005169447
existence of habits - not fully conscious forms of behaviour - is important as it contradicts rational choice theory. Their … energy consumption patterns. A substantial body of literature has shown that our behaviour is often guided by habits. The …, social and institutional forces. Habits being potentially “counterintentional”, they can be considered as a form of …
Persistent link: https://www.econbiz.de/10005558851
While Schumpeter’s broad theory of how capitalist economies worked articulated in his Theory of Economic Development … received strong attention in his lifetime, it was neoclassical economic theory that took hold of the profession in the last … half of the twentieth century, and today few economists even read Schumpeter. The first part of this essay considers the …
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between Schumpeter’s theory and mainstream economic models. Evolutionary theory, he claims, may itself become mainstream if … Schumpeter’s legacy is not interpreted straightforwardly and if evolutionary economists ­consider not only micro-, but also macro …
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