Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently been introduced in policy models of energy and global warming economics to make the process of technological change endogenous. It is not widely appreciated that this is a...

Who was listening before the Financial Crisis of 2008 to Arrow's warnings and the teachings of Coase? Due to transaction costs, incomplete foresight and bounded rationality not all risks that would be desirable to shift can be shifted through the market. Financial firms and other institutions...

Gerhard Wegner: Wohlfahrtsaspekte evolutorischen Marktgeschehens. Neoklassisches Fortschrittsverständnis und Innovationspolitik aus ordnungstheoretischer Sicht. Verlag J. C. B. Mohr, Tübingen 1991, 188 Seiten, 108 DM