New Evolutionary Microeconomics

Complexity, Competence and Adaptive Behaviour

AvJason Potts

Häftad, Engelska, 2001

Del i serien New Horizons in Institutional and Evolutionary Economics series

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Beskrivning

This highly innovative and original book proposes evolutionary microeconomics as a synthesis of the collective schools of heterodox economic thought with complex systems theory and graph theory. The book charts a research programme for evolutionary economics that encompasses the theory of dynamic efficiency and emergence in markets, a computational model of the learning and interacting agent, a competence based theory of the firm and the household, and, via a theory of expectations and plans, an agent-based foundation to macroeconomics.Principally a work of meta-theory, The New Evolutionary Microeconomics argues for a radical refocus of microeconomic research toward the evolutionary nature of institutions, preferences, technology and knowledge.This challenging new book should prove timely and important for evolutionary and computational economists as well as those in the fields of managerial economics, business studies and marketing.

Produktinformation

Utgivningsdatum:2001-10-26
Mått:156 x 234 x undefined mm
Format:Häftad
Språk:Engelska
Serie:New Horizons in Institutional and Evolutionary Economics series
Förlag:Edward Elgar Publishing Ltd
ISBN:9781840648959

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap

Mer om författaren

Jason Potts, RMIT Blockchain Innovation Hub, School of Economics, Finance and Marketing, RMIT University in Melbourne, Australia

Recensioner i media

'Assessing this book on its own merits leads me to conclude that it is based upon a very clearly structured and argued central thesis. Further, the arguments in support of the thesis are compelling and the citations upon which it draws are authoritative. . . Ultimately the outstanding distinction of this book is the broad compass of the material and the coherent tapestry that Potts has weaved from it. It is a work of rare ambition and this is quite unusual in the staid realm of academia. . . this is an important addition to the corpus of economic knowledge. . . This book deserves a wide audience and I recommend it to all economists without hesitation.'

Innehållsförteckning

Contents: 1. Introduction 2. The Geometry of Economic Space 3. Economic Systems 4. Systems Theory and Complexity 5. The Microeconomic Agent 6. Production Systems and Competence 7. The Theory of Expectations 8. Conclusions References Index