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Explores the relations between contemporary complex systems theory and Classical political economy, and applies the methods it develops to the problems of induced technical change and income distribution in capitalist economies.

The Graz-Schumpeter annual lectures have grown in reputation over the years with impressive figures from academia such as Ian Steedman, J Stanley Metcalfe and Duncan K Foley contributing their own impressive series of lectures. Produced as a result of these lectures, this book is based on the lectures given by Alan Milward.

Schumpeter's work developed the notion of the endogeneity of technology, and offered illuminating historical analyses of how and why some social systems have managed to generate innovation. This work explores Schumpeter's central ideas, and examines the ways in which the concept of endogeneity can illuminate American economic history.

The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium.

This book explores now the limitations of human knowledge create opportunities as well as problems in the modern economy.

Standard economic theory of consumer behaviour considers consumers' preferences, their incomes and commodity prices to be the determinants of consumption. However, consumption takes time and no consumer has more - or less - than 168 hours per week. This book takes a look at which time constraints are a determinant of consumption.

In this book, Streissler poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. This is a wide-ranging study considering issues such as flexible exchange rates and interest parity.

The economic crisis is also a crisis for economic theory. The direct interaction between individuals, firms and banks does not simply produce imperfections in the functioning of the economy but is the very basis of the functioning of a modern economy. This book suggests a way of analyzing the economy which takes this point of view.

Explains the shift of the organizational landscape towards more specialized entities connected by markets and networks and places the work of Schumpeter and Chandler, two of the twentieth century's most important analysts of the modern corporation in a larger theoretical framework.

Outlines a fresh and more fruitful way of understanding, analyzing and formally modelling economic growth. The author explores issues such as: the role of division of labour; innovation and market structure according to Smith, Marx and Schumpter; the role of class distribution of income according to Ricardo; and others.