Firms, Markets and Economic Change: A dynamic Theory of Business Institutions

1st Edition

Richard N. Langlois, Paul L. Robertson

Routledge
Published July 6, 1995
Reference - 200 Pages
ISBN 9780415123853 - CAT# RU13567

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Summary

Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex process that defies neat categorization and government policy should be to facilitate change rather than to direct it.

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