Introduction: Chris Freeman’s “History, Co-Evolution and Economic Growth”: an affectionate reappraisal

Giovanni Dosi and Alessandro Nuvolari

Industrial and Corporate Change, 2020, vol. 29, issue 4, 1021-1034

Abstract: We maintain that Chris Freeman’s approach to the study of the interplay between technical change and economic growth is still a very fertile source of insights. Alas, in much of mainstream research Freeman’s contribution is hardly considered. We show that this is a result of the basic assumptions of neoclassical growth theory (both “old” and “new”) that prevent a pregnant treatment of technical and institutional change. We conclude that if we want to make real progress with understanding the long-run dynamics of capitalist systems, Freeman’s “reasoned history” is an invaluable starting point.

Date: 2020
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