Why Economics Needs a Darwin, Not a Newton (Richard Nelson)

Richard Nelson: Why Economics Needs a Darwin, Not a Newton

Imagine trying to predict which businesses will survive the next decade using the same math that calculates planetary orbits. Sounds absurd, right? Yet for over a century, this has been economics’ deepest ambition. The field has been chasing the ghost of Isaac Newton, hoping to discover eternal laws that govern markets the way gravity governs […]

Richard Nelson: Why Economics Needs a Darwin, Not a Newton Read More »