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theorizing in economics has been built. Nelson and Winter’s 1982 book is pervaded by the philosophy and concepts previously … from the context, are also at the heart of some economic theories of institutions such as transaction costs economics. In … this paper, after briefly reviewing the basic concepts of evolutionary economics, we discuss its implications for the …
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The capability-based view of the firm is based on the assumption that firms know how to do things. Assuming the existence of a thing called `organizational knowledge', in the first part of the paper we identify its main building blocks and we provide a description of its inner structure. This...
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