The evolutionary theory of the firm: Routines, complexity and change
AbstractThis paper provides an overview on the evolutionary theory of the firm. The specific feature of the evolutionary approach is that it explains the adaptive behaviors of firms through the tension between innovation and selection. It is suggested that the evolutionary theory can provide a useful basis for a theory of the firm which is concerned with change over time and development.
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Bibliographic InfoPaper provided by Vienna University of Economics Research Group: Growth and Employment in Europe: Sustainability and Competitiveness in its series Working Papers with number geewp46.
Date of creation: Feb 2005
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theory of the firm; complexity; routines; change of routines;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-03-06 (All new papers)
- NEP-ENT-2005-03-06 (Entrepreneurship)
- NEP-EVO-2005-03-06 (Evolutionary Economics)
- NEP-HPE-2005-03-06 (History & Philosophy of Economics)
- NEP-INO-2005-03-06 (Innovation)
- NEP-MIC-2005-03-06 (Microeconomics)
- NEP-PKE-2005-03-06 (Post Keynesian Economics)
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