An Evolutionary Theory of Economic Change

Nelson and Winter's evolutionary theory of economic change. The companion cites it, with Arthur, for the point that in technology firms search and markets select, so variation is guided rather than blind. Sighted variation (P4) extends this precedent to variation generated by a lineage's own copyable machine reasoning.

Cited in

the companion paper (Companion §6.1)

Used for

P4P4 (precedent)

Strand

Evolution & heredity · Cultural, technological & creative evolution

Cite

@book{nelson1982evolutionary,
  title = {An Evolutionary Theory of Economic Change},
  author = {Richard R. Nelson and Sidney G. Winter},
  year = {1982},
  publisher = {Belknap Press of Harvard University Press (Cambridge, MA)},
}