Biological evolution occurs very slowly; cultural evolution occurs less slowly, but still slowly compared to institutional and
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Biological evolution occurs very slowly; cultural evolution occurs less slowly, but still slowly compared to institutional and market evolution.
a. Give some examples of these observations about the different speeds of adjustment.
b. Explain the relevance of these observations to economic reasoning. (Institutionalist)
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Kirti Kaushal
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Related Book For 
Introduction To Information Systems
ISBN: 9781118674369
5th Edition
Authors: R. Kelly Rainer, Brad Prince, Casey G. Cegielski
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