The Evolving Economy


The Evolving Economy
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The Evolving Economy


The Evolving Economy
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Author : Ulrich Witt
language : en
Publisher:
Release Date : 2006

The Evolving Economy written by Ulrich Witt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economic development categories.


In this important collection of essays, Ulrich Witt illustrates how the evolutionary approach can reveal not only where change comes from, and how it happens, but also where it will lead.



The Evolving Global Economy


The Evolving Global Economy
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Author : Ken'ichi Ōmae
language : en
Publisher: Harvard Business Review Press
Release Date : 1995

The Evolving Global Economy written by Ken'ichi Ōmae and has been published by Harvard Business Review Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Capitalism categories.


A compendium of 16 articles from the Harvard Business Review that illuminates the broad effort to rethink across-border flows of economic activity, The Evolving Global Economy will help managers understand how complex interactions of the participants affect their own businesses and contribute to the ever-changing landscape of the global economy.



The Evolution Of Economies


The Evolution Of Economies
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Author : Patrick Spread
language : en
Publisher: Routledge
Release Date : 2015-12-22

The Evolution Of Economies written by Patrick Spread and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-22 with Business & Economics categories.


It is clear even to casual observation that economies evolve from year to year and over centuries. Yet mainstream economic theory assumes that economies always move towards equilibrium. One consequence of this is that mainstream theory is unable to deal with economic history. The Evolution of Economies provides a clear account of how economies evolve under a process of support-bargaining and money-bargaining. Both support-bargaining and money-bargaining are situation-related - people determine their interests and actions by reference to their present circumstances. This gives the bargaining system a natural evolutionary dynamic. Societies evolve from situation to situation. Historical change follows this evolutionary course. A central chapter of the book applies the new theory in a re-evaluation of the industrial revolution in Britain, showing how specialist money-bargaining agencies, in the form of companies, evolved profitable formats and displaced landowners as the leading sources of employment and economic necessities. Companies took advantage of the evolution of technology to establish effective formats. The book also seeks to establish how it came about that a ‘mainstream’ theory was developed that is so wildly at odds with the observable features of economic history and economic exchange. Theory-making is described as a process of ‘intellectual support-bargaining’ in which theory is shaped to the interests of its makers. The work of major classical and neoclassical economists is contested as incompatible with the idea of an evolving money-bargaining system. The book reviews attempts to derive an evolutionary economic theory from Darwin’s theory of evolution by natural selection. Neoclassical economic theory has had enormous influence on the governance of societies, principally through its theoretical endorsement of the benefits of ‘free markets’. An evolutionary account of economic processes should change the basis of debate. The theory presented here will be of interest immediately to all economists, whether evolutionary, heterodox or neoclassical. It will facilitate the work of economic historians, who complain that current theory gives no guidance for their historical investigations. Beyond the confines of professional theory-making, many will find it a revelatory response to questions that have hitherto gone unanswered.



Bubbles And Wisdom


Bubbles And Wisdom
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Author : Michael Baxter
language : en
Publisher:
Release Date : 2009

Bubbles And Wisdom written by Michael Baxter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Evolutionary economics categories.




The Evolution Of New Markets


The Evolution Of New Markets
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Author : Paul Geroski
language : en
Publisher: OUP Oxford
Release Date : 2003-04-17

The Evolution Of New Markets written by Paul Geroski and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-04-17 with Business & Economics categories.


How do markets evolve? Why are some innovations picked up straightaway whilst others take years to be commercialized? Are there first-mover advantages? Why do we behave with 'irrational exuberance' in the early evolution of markets as was the case with the dot.com boom? Paul Geroski is a leading economist who has taught economics to business school students, managers, and executives at the London Business School. In this book he explains in a refreshingly clear style how markets develop. In particular he stresses how the early evolution of markets can significantly shape their later development and structure. His purpose is to show how a good grasp of economics can improve managers' business and investment decisions. Whilst using the development of the Internet as a case in point, Geroski also refers to other sectors and products, for example cars, television, mobile phones, and personal computers. This short book is an ideal introduction for managers, MBA students, and the general reader wanting to understand how markets evolve.



The Economy As An Evolving Complex System Ii


The Economy As An Evolving Complex System Ii
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Author : W. Brian Arthur
language : en
Publisher: CRC Press
Release Date : 2018-05-04

The Economy As An Evolving Complex System Ii written by W. Brian Arthur and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-04 with Mathematics categories.


A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.



Understanding Economic Change


Understanding Economic Change
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Author : Ulrich Witt
language : en
Publisher: Cambridge University Press
Release Date : 2022-08-11

Understanding Economic Change written by Ulrich Witt and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-11 with Business & Economics categories.


Although the economy has always been changing, ever more innovations now seem to accelerate the transformation process. Are there any laws governing the incessant global change? Does it accord with our intentions and desires and make us happier? Do our institutions and our democracies cope with the challenges? How does economic theory explain what is going on? In this volume, experts in the field discuss the advances that evolutionary economics has made in exploring questions like these. The broad range of topics include a review of the development of the field: its conceptual and methodological characteristics are outlined; problems posed by macroeconomic evolution and the institutional challenges are highlighted; and, last but not least, the implications of the evolution of the economy for wellbeing and sustainability are addressed. Taken together, the contributions demonstrate the potential of an evolutionary paradigm for making sense of economic change and for assessing its consequences.



The Evolving International Economy


The Evolving International Economy
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Author : Graciela Chichilnisky
language : en
Publisher: Cambridge University Press
Release Date : 1986

The Evolving International Economy written by Graciela Chichilnisky and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.


This book focuses on the main issues of trade and development, and on the attainment of the major development goals generally espoused in the international community: rapid development in the Third World, sustained economic expansion in the industrial countries and the eradication of deep inequalities and of extreme poverty. It consists of four parts. The first three give an overall analysis of the world economy, with commentary and conclusions on major issues of trade and development. The fourth part provides the intuitive basis for the main results within the context of the formal models, and rigorous proofs are found in the references given to the technical literature. The analysis is descriptive, focusing on the particulars of market behaviour and tracing the ways in which markets respond to policies, in the belief that policies cannot be viewed in a vacuum, but must be confronted with the responses of the market. The interplay of domestic policies and international markets is a main feature of the authors' analysis.



The Evolving Relationship Between Economy And Environment


The Evolving Relationship Between Economy And Environment
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Author : Kazuhiro Okuma
language : en
Publisher: Springer
Release Date : 2017-03-29

The Evolving Relationship Between Economy And Environment written by Kazuhiro Okuma and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-29 with Business & Economics categories.


This book sheds new light on the relationship between economy and the environment by approaching the issue from evolutionary and institutional economics. Building a framework of theory and empirical analysis, it provides an in-depth perspective on how economic growth and environmental policy interact and historically evolve. Orthodox environmental economics usually understands environmental issues under the rules of market economy, while environmental sciences subordinate economy to physical constraints of the environment. Instead of these hierarchical visions, this book recognizes economy and the environment as co-evolving systems. The theoretical framework is elaborated based on the régulation and post-Keynesian theories combined. An idea of three-dimensional factors—capital, labor, and the environment—leads to conceptual and mathematical models, which will be applicable to wider analyses. Using this framework, Japanese history is analyzed as a typical example of environmental policy development. Historical transformations of environmental policies and growth regimes are explained using indices and econometric analysis. Experiences of strict regulations with positive economic impacts are also identified. These works lead to some interesting implications, which include mechanisms, the possibility, and conditions of "green growth''. This book proposes a new approach by bridging the gap between evolutionary–institutional economics and environmental economics, which should be stimulating to them both and possibly open the door for a new research avenue.



The Economy As A Complex Evolving System Ii


The Economy As A Complex Evolving System Ii
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Author : W. Brian Arthur
language : en
Publisher: Westview Press
Release Date : 1997-10-05

The Economy As A Complex Evolving System Ii written by W. Brian Arthur and has been published by Westview Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-10-05 with Business & Economics categories.


This volume is a collection of articles that shape and define a new view of the economy as an evolving complex system. This view is one of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.