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Apr 17

Write the books of Nelson and Winter 1982 about induced innovation hypothesis ?

Agriculture
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Apr 17
The book "An Evolutionary Theory of Economic Change" by Richard R. Nelson and Sidney G. Winter, published in 1982, explores the concept of induced innovation hypothesis. The authors argue that technological change is not a random process, but rather is influenced by economic factors such as market demand, competition, and government policies. They propose a theory of economic change that emphasizes the role of firms in creating and adapting to new technologies in response to these external pressures. The book also discusses the implications of this theory for understanding long-term economic growth and development.
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