Richard R. Nelson
American economist known for foundational work in evolutionary economics and the study of technological change and innovation systems; co-author of 'An Evolutionary Theory of Economic Change' (1982) and longtime professor at Columbia University.
Books
This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.
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1. An Evolutionary Theory Of Economic Change
Presents an evolutionary account of economic change in which firms operate with bounded rationality and rely on routines that evolve through innovation, imitation, and competitive selection. Markets function as selection environments, rewarding more effective routines and shaping industry dynamics, technological trajectories, and productivity growth. The approach explains path dependence and persistent performance differences across firms and sectors better than equilibrium-based models, supported by simulation results. It also underscores the policy relevance of fostering innovation and the institutional contexts that guide long-run economic development.
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