The New Evolutionary Microeconomics


The New Evolutionary Microeconomics
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The New Evolutionary Microeconomics


The New Evolutionary Microeconomics
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Author : Jason Potts
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000

The New Evolutionary Microeconomics written by Jason Potts and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Evolutionary economics categories.


This work acts as a critique of the basis of neoclassical microeconomics, and makes a proposal for the structure of a new evolutionary theory.



The New Evolutionary Microeconomics


The New Evolutionary Microeconomics
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Author : Jason Potts
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000

The New Evolutionary Microeconomics written by Jason Potts and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.


This work acts as a critique of the basis of neoclassical microeconomics, and makes a proposal for the structure of a new evolutionary theory.



The New Evolutionary Economics


The New Evolutionary Economics
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Author : Kurt Dopfer
language : en
Publisher:
Release Date : 2014

The New Evolutionary Economics written by Kurt Dopfer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Evolutionary economics categories.


This three volume set gathers together selected key articles in evolutionary economics, ordering these into domains of micro analysis - concerned with agents - meso analysis - which is concerned with rule populations and trajectories - and macro analysis, which is about the structure and development of the whole economy. This authoritative collection, with an original introduction by the editors, will be of interest to scholars and researchers seeking to understand how evolutionary economics fits together and who seek to advance such an integrated approach.



Evolutionary Microeconomics


Evolutionary Microeconomics
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Author : Jacques Lesourne
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-07-01

Evolutionary Microeconomics written by Jacques Lesourne and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-07-01 with Business & Economics categories.


Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium is stated without a concrete process to achieve it, market is the unique institution considered. Evolutionary microeconomics is aimed at bypassing these limitations by considering a dynamic approach, however not biologically oriented. Agents have local information and bounded rationality, they are involved in explicit processes of interactions through time, various institutions sustain the market or substitute to it. It explains then some phenomena hardly explained by classical microeconomics: dispersion of prices, variety of industrial structures, financial bubbles.



Evolutionary Economics Program And Scope


Evolutionary Economics Program And Scope
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Author : Kurt Dopfer
language : en
Publisher: Springer Science & Business Media
Release Date : 2001-06-30

Evolutionary Economics Program And Scope written by Kurt Dopfer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-06-30 with Business & Economics categories.


Eleven papers written by economists from Europe and the US address the paradigmatic foundations and basic theoretical propositions of economics. Contributions address foundational issues including an interpretive survey looking at the most important contributions of modern evolutionary economics and the ontological basis of evolutionary economics. Next, evolutionary macroeconomics is addressed, including issues relating to evolutionary macrostatics and evolutionary macrodynamics. Evolutionary microeconomics is next featured in essays addressing the dynamic aspects of an evolutionary microdynamics. Other topics include early signs of a revolution in microeconomics and the reconstruction of major evolutionary theories of the firm, with relation to transaction and contract theories. c. Book News Inc.



Microfoundations Of Evolutionary Economics


Microfoundations Of Evolutionary Economics
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Author : Yoshinori Shiozawa
language : en
Publisher: Springer
Release Date : 2019-06-27

Microfoundations Of Evolutionary Economics written by Yoshinori Shiozawa and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-27 with Business & Economics categories.


This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and quantity adjustment processes. Evolutionary economics has rightly and successfully concentrated its efforts on explaining evolutionary processes in technology and institutions. However, it does not have its own value theory and is not capable of explaining the workings of everyday economics processes, in which any evolutionary process would take place. Our point of departure is the addition of myopic agents with severely limited rational and forecasting capacities (in stark contrast to mainstream economics). We show how myopic agents, in a complex world, can produce a stable price system and demonstrate how they can adjust their production to changing demand flows. Agents behave without any knowledge of the overall process, and they generate a stable economy as large as the global network of exchanges. This is the true “miracle” of the market mechanism. In contrast to mainstream general equilibrium theory, this miracle can be explained without the need for an auctioneer or infinitely rational agents. Thanks to this book, evolutionary economics can now claim to be an independent approach to economics that can completely replace mainstream neoclassical economics.



Microeconomics


Microeconomics
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Author : Samuel Bowles
language : en
Publisher: Princeton University Press
Release Date : 2009-12-13

Microeconomics written by Samuel Bowles and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-13 with Business & Economics categories.


In this novel introduction to modern microeconomic theory, Samuel Bowles returns to the classical economists' interest in the wealth and poverty of nations and people, the workings of the institutions of capitalist economies, and the coevolution of individual preferences and the structures of markets, firms, and other institutions. Using recent advances in evolutionary game theory, contract theory, behavioral experiments, and the modeling of dynamic processes, he develops a theory of how economic institutions shape individual behavior, and how institutions evolve due to individual actions, technological change, and chance events. Topics addressed include institutional innovation, social preferences, nonmarket social interactions, social capital, equilibrium unemployment, credit constraints, economic power, generalized increasing returns, disequilibrium outcomes, and path dependency. Each chapter is introduced by empirical puzzles or historical episodes illuminated by the modeling that follows, and the book closes with sets of problems to be solved by readers seeking to improve their mathematical modeling skills. Complementing standard mathematical analysis are agent-based computer simulations of complex evolving systems that are available online so that readers can experiment with the models. Bowles concludes with the time-honored challenge of "getting the rules right," providing an evaluation of markets, states, and communities as contrasting and yet sometimes synergistic structures of governance. Must reading for students and scholars not only in economics but across the behavioral sciences, this engagingly written and compelling exposition of the new microeconomics moves the field beyond the conventional models of prices and markets toward a more accurate and policy-relevant portrayal of human social behavior.



Microeconomics Of Interactive Economies


Microeconomics Of Interactive Economies
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Author : Wolfram Elsner
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01

Microeconomics Of Interactive Economies written by Wolfram Elsner and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.


A 'Non-Toxic' Intermediate Textbook 'Here, at last, we have the ideal textbook for microeconomics from an evolutionary and institutional perspective. Wolfram Elsner does nothing less than reconstruct the principles of microeconomics for a world of interactive business networks, change and innovation, crisis and uncertainty, as well as coordination problems and cooperative joint ventures. The publication of this book is a landmark event in microeconomics.' – Phillip A. O'Hara, Curtin University of Technology, Perth, Australia and President-Elect of AFEE, 2012 'This microeconomics textbook by Wolfram Elsner provides a timely alternative for understanding the micro roots of uncertainty, complexity and crisis. The evolutionary and institutional perspective sheds new light on contemporary issues such as clusters, networks, innovation and coordination. By reading this textbook, teachers, students and practitioners will open their minds to new economic thinking.' – Ping Chen, Peking University, Beijing, Fudan University, Shanghai, China and author of Economic Complexity and Equilibrium Illusion This thorough reconstruction of microeconomics 'post-2008' provides economic students with a new way of real-world understanding and strategic qualification that will be better appreciated by their future employers and any professional practice. It will prove essential for economic students and other social science programs at a graduate level. This accessible and engaging textbook includes: • A survey of the most famous core models of modern microeconomics including the neoclassical approach and its heterodox critiques – Sraffian, Institutionalist, Post-Keynesian and Mirowskian • An introduction to complexity thinking in economics • An introduction to game theory • An introduction to the methods of complex computer simulation • An introduction to strategic behavior • An newly integrated approach to real-world and complexity economics, rather than focusing on neoclassical ('perfect') market equilibrium 'plus a thousand recent extra things on top'. See the companion website – www.microeconomics.us – for teaching material, readings, exams and as a general guide to explore issues raised in the book.



The General Theory Of Economic Evolution


The General Theory Of Economic Evolution
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Author : Kurt Dopfer
language : en
Publisher: Routledge
Release Date : 2007-09-27

The General Theory Of Economic Evolution written by Kurt Dopfer and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-09-27 with Business & Economics categories.


The first book to chart the development of the field of evolutionary economics, this book provides an integrated generic framework to define the rules of an economic system; how they are coordinated and the causes and consequences of their change. Packed with pedagogical features including essay and tutorial questions, case studies and an extensive bibliography, this book: proposes a new analytic framework for the study of the nature and causes of long run economic growth and development in market systems analyzes the foundations of the neoclassical tradition, before developing a thesis through micro, meso and macro domains drawing conclusions as to what can be learned from the point of view of policy analysis focuses on an open-systems analytical framework and successfully formulates and refines the analytical foundations of a new general theory of economic evolution. This volume is essential reading for scholars and students of economic evolution and as well as for anyone who seeks to better understand the complex evolutionary nature of the structure and dynamics of the knowledge-based economy in today’s society.



Explaining Process And Change


Explaining Process And Change
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Author : Ulrich Witt
language : en
Publisher: University of Michigan Press
Release Date : 1992

Explaining Process And Change written by Ulrich Witt and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.


International experts discuss new applications for evolutionary economics