The conference grows out of conversations among several HBS faculty about what happens to the standard theory of the firm when we incorporate the fact that firms are not only economic actors but ...

7/23/2009 - A new book by Kellogg Professor Daniel F. Spulber seeks to fill a gaping hole in economics that has saddled the profession for nearly 100 years. “In the press and in politics, we are ...

ONE morning, an economist went to buy a shirt. The one he chose was a marvel of global production. It was made in Malaysia using German machines. The cloth was woven from Indian cotton grown from ...

The conference grows out of conversations among several HBS faculty about what happens to the standard theory of the firm when we incorporate the fact that firms are not only economic actors but ...

Nelson and Winter realize that all models, including traditional ones, are abstractions, but... These abstractions give rise to predictions of behavior that do not arise, Traditional theory does not ...