Richard R. Nelson Quote

Orthodoxy builds a rococo logical palace on loose empirical sand.

Richard R. Nelson

Orthodoxy builds a rococo logical palace on loose empirical sand.

Richard R. Nelson

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About Richard R. Nelson

Richard R. Nelson (born 1930 in New York City) is an American professor of economics at Columbia University. He is one of the leading figures in the revival of evolutionary economics thanks to his seminal book An Evolutionary Theory of Economic Change (1982) written jointly with Sidney G. Winter. He is also known for his work on industry, economic growth, the theory of the firm, and technical change.