celebrang the 30 th anniversary of an evoluonary theory of
TRANSCRIPT
Celebra'ng the 30th Anniversary of An Evolu)onary Theory of
Economic Change Panelists:
Sidney G. Winter The Wharton School, University of Pennsylvania
Peter Murmann Australian School of Business, UNSW
L.G. Thomas Goizueta Business School, Emory University
Constance Helfat Tuck School of Business at Dartmouth
Understanding economic CHANGE The dynamics of… …firms, industries, economies where history maOers
and innova'on is cri'cal
21,510 Google Scholar cita'ons and coun'ng
Levels of Analysis in the Book
Economy Industry Business Firms Capabili'es Rou'nes Individuals Skills
Variety of Topics
• Technological change • Economic growth • Public policy • Market concentra'on • R&D • Investment • Knowledge • Rou'nes
• Firm objec'ves • Firm decisions (choices) • Firm behavior • Search and selec'on • Heuris'cs and habits • Replica'on • Imita'on • Adapta'on
Lamarckian Evolu'on
• Inheritance of acquired characteris'cs
• In An Evolu)onary Theory of Economic Change – Rou'nes as genes – Muta'ons occur through search for new rou'nes
• In biology – Epigene'cs: heritable changes in gene expression
• Lamarck was right! (in part)