Reference Entry

evolutionary theory of the firm

Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130
evolutionary theory of the firm

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The view that the survival of firms is an evolutionary process. The specific feature of the evolutionary approach is that it explains the adaptive behaviour of firms to changing market conditions via the interaction between innovation and natural selection....

Reference Entry.  44 words. 

Subjects: Economics

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