Richard Langlois

Richard Langlois is a prominent economist and thinker known for his work on how industries and economies evolve. He explores how firms develop, innovate, and interact within markets, emphasizing the importance of routines, knowledge, and technological change in shaping economic progress. Langlois also studies the role of decentralized decision-making and the complex relationships between firms, markets, and institutions. His insights help explain the dynamic nature of economic systems, highlighting that progress results from ongoing learning and adaptation rather than just individual transactions.