Schubert, Christian - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
Schumpeter’s and Hayek’s view of market coordination as being not aboutefficiency, but about endogenous change and never-ending discovery has beenincreasingly recognized even by the mainstream of economics. Underlying this view isthe notion of creative learning agents who bring about...