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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 …
Persistent link: https://www.econbiz.de/10011011588
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
framework allows us to depict the presence of two sources of inertia (i.e at the levels of individuals through “habits” and at …
Persistent link: https://www.econbiz.de/10008791603
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 …
Persistent link: https://www.econbiz.de/10010849050
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 …
Persistent link: https://www.econbiz.de/10011007675
apply `Darwinian theory to economic evolution'. However, Kelm goes on to argue that Schumpeter would have been a Darwinian …In a recent paper, Matthias Kelm (1997) accepts that `Schumpeter's definition of evolution does not contain any … Darwinian mechanism such as natural selection or any other biological concept' and that Schumpeter `made no such attempt' to …
Persistent link: https://www.econbiz.de/10005169462
conception of the (natural) economy. Creating such a theory would make it possible to explain how the Darwinian view of progress …, and with it, a broader theory of the competitive process. Copyright Kluwer Academic Publishers 2000 …
Persistent link: https://www.econbiz.de/10005680131
application of Schumpeter’s theory of the State to new industrializing countries in East Asia and Latin America. … economists of the 19th and 20th Centuries. Schumpeter’s central theme of technological innovation for long-term economic growth … makes his work particularly interesting to development economics. However, Schumpeter’s rejection of the State’s role in …
Persistent link: https://www.econbiz.de/10005747225
the heterogeneity in firms' innovation strategies. Is heterogeneity sustainable in the long-term and what happens to the …
Persistent link: https://www.econbiz.de/10010856397