Summary of Journals

Summary of Journals

Neoclassical vs. Evolutionary Theories of Economic Growth: Critique and Prospectus Author(s): Richard R. Nelson and Sidney G. Winter Source: The Economic Journal, Vol. 84, No. 336 (Dec., 1974), pp. 886-905.

Neoclassical growth theory is based on the premise of sustainable equilibrium without government intervention. Outstanding representatives of this trend are R. Solow and J. Mead. The methodological basis of their growth models were the classical theory of the factors of production, treating labor, capital and land as independent factors of education of the social product, and the marginal productivity theory, according to which income received by owners of factors of production, the marginal product of these factors.

Nelson R.R. and S.G. Winter (1974), Neoclassical vs. Evolutionary Theories of Economic Growth: Critique and Prospectus. Available in JSTOR.

An important aspect of the evolutionary approach is the study of economic change is the increased use of models to obtain results in which it cannot be predicted by conventional analytical methods. Essence of the model is as follows: with imitation computer program produced a model economic environment which functioned in a quantitative and firms produce one product - GDP. Issues of economic dynamics are considered in the framework of evolutionary economic theory. In many ways it came as a reaction to shortcomings of neoclassical theory.

NBER WORKING PAPER SERIES INNOVATION AND DIFFUSION Bronwyn H. Hall Working Paper 10212. http://www.nber.org/papers/w10212

Diffusion of innovation topics not often appeared in Polish publications, although this situation is changing. Note the publication of "Diffusion of innovation, how to succeed in the commercialization of new products and services. According to Bronwyn H. Hall, "diffusion of innovation" to "innovation through dissemination of market and non-market channels, starting with the first deployment anywhere in the world" and "the way in which innovations are subject to dissemination through market and non-market channels, the first implementation of the contact with a variety of consumers, the presence in different countries, regions, sectors, markets and companies without diffusion innovations would not have economic significance.

Katz, M. L.; Carl, S. 1994, Systems Competition and Network Effects, Journal of Economic Perspectives, Vol 8(2), pp. 93-115.

Another issue for the analysis of the Internet as a system economic concerns the relevance, for the Internet, what commonly goes under the name of network externalities. The concept of network externalities, or network externality, is very general, and is relevant to the study of networks regardless of their nature. At present, network externalities when the value of a given asset is the greater, the greater is the number of units sold. The phone is a typical example. If the world there was only one copy telephone, it would have no value.

David, P. A., Clio and the Economics of QWERTY, American Economic Review Vol.75(2), pp. 332-337.

The main idea of this review was to understand the logic of the surrounding world (or lack thereof) can only be watched as he reached this state. depend on the path sequence of economic changes is an example how remote in time events, including situations resulting ...