Complexity Research On Economic And Social Processes

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Complexity Research on Economic and Social Processes

Author : Elio Endless
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.8/5 (689 download)

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Book Synopsis Complexity Research on Economic and Social Processes by : Elio Endless

Download or read book Complexity Research on Economic and Social Processes written by Elio Endless and published by . This book was released on 2023-11-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Complexity Research on Economic and Social Processes Are you fascinated by the intricate dance of economics and social phenomena? Dive into the world of "Complexity Research on Economic and Social Processes," a groundbreaking book that explores the intersection of complexity science, economics, and social dynamics. This book is your gateway to understanding the profound implications of complexity on our economic systems and social behaviors. Unveiling the World of Complexity EconomicsDiscover the Power of Polymer Matrix Composites (PMCs) Explore the innovative world of Polymer Matrix Composites (PMCs) and learn how these lightweight, resilient materials are transforming industries. Understand how PMCs distribute stress and offer exceptional resistance to wear and corrosion, making them essential in modern engineering. Challenge the Economic Status Quo Delve into the realm of Complexity Economics, a revolutionary field that questions conventional economic theories. Gain insights into how complexity thinking challenges mainstream economic ideas, including the theory of general equilibrium. Computational Economics Meets Complexity Science Witness the marriage of computational economics and complexity science, which opens new horizons in modeling and prediction. Explore "almost archetypal" models and the intriguing dynamics of the stock market, revealing outcomes that defy conventional wisdom. The Prisoner's Dilemma and Beyond Journey through different contexts where the prisoner's dilemma plays out, from network interactions to evolving strategies. Uncover the ever-changing distributions of strategies and their implications on economic systems. Emergence of Macro-Level Consequences Understand how seemingly simple interactions at the micro-level give rise to complex macro-level consequences. Break free from the constraints of the representative agent technique and embrace the emergentist perspective in economics. Quantifying Economic Complexity Learn about the groundbreaking work of César Hidalgo and Ricardo Hausmann in quantifying a country's economic complexity. Explore the "Product Space" concept and its pivotal role in understanding global economic networks. The Significance of Economic ComplexityEconomic Complexity Index (ECI) Grasp the significance of the Economic Complexity Index (ECI) in predicting a country's future GDP per capita growth. Discover how the ECI outperforms traditional measures like the World Bank's governance index and the Global Competitiveness Index. A Roadmap to Prosperity Gain insights into how understanding economic complexity can pave the way for a nation's economic growth. Realize that the ECI holds the key to unlocking a brighter economic future for countries worldwide. In "Complexity Research on Economic and Social Processes," you'll embark on a journey through the intricate web of complexity science, economics, and social dynamics. This book is a must-read for scholars, economists, and anyone intrigued by the hidden patterns shaping our world. Don't miss the opportunity to unravel the secrets of economic complexity and its profound impact on our future. Order your copy today and embark on a voyage of discovery into the fascinating world of complexity economics!

Modeling Complexity in Economic and Social Systems

Author : Frank Schweitzer
Publisher : World Scientific
ISBN 13 : 9814488356
Total Pages : 404 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Modeling Complexity in Economic and Social Systems by : Frank Schweitzer

Download or read book Modeling Complexity in Economic and Social Systems written by Frank Schweitzer and published by World Scientific. This book was released on 2002-12-09 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics and the social sciences are, in fact, the “hard” sciences, as Herbert Simon argued, because the complexity of the problems dealt with cannot simply be reduced to analytically solvable models or decomposed into separate subprocesses. Nevertheless, in recent years, the emerging interdisciplinary “sciences of complexity” have provided new methods and tools for tackling these problems, ranging from complex data analysis to sophisticated computer simulations. In particular, advanced methods developed in the natural sciences have recently also been applied to social and economic problems. The twenty-one chapters of this book reflect this modern development from various modeling perspectives (such as agent-based models, evolutionary game theory, reinforcement learning and neural network techniques, time series analysis, non-equilibrium macroscopic dynamics) and for a broad range of socio-economic applications (market dynamics, technological evolution, spatial dynamics and economic growth, decision processes, and agent societies). They jointly demonstrate a shift of perspective in economics and the social sciences that is allowing a new outlook in this field to emerge. Contents:Market Dynamics:Trading Behavior and Excess Volatility in Toy Markets (M Marsili & D Challet)Percolation Models of Financial Market Dynamics (D Stauffer)Electrodynamical Model of Quasi-Efficient Financial Markets (K N Ilinski & A S Stepanenko)Multi-Agent Market Modeling of Foreign Exchange Rates (G Zimmermann et al.)Forecasting Price Increments Using an Artificial Neural Network (F Castiglione)Spectral Regularization, Data Complexity and Agent Behavior (A Ilyinsky)Technological Evolution:Dynamics of Economic and Technological Search Processes in Complex Adaptive Landscapes (W Ebeling et al.)New Results in a Self-Organized Model of Technological Evolution (A Arenas et al.)Firms' Decision-Making Process in an Evolutionary Model of Industrial Dynamics (W Kwasnicki)Spatial Dynamics and Economic Growth:Modelling Migration and Economic Agglomeration with Active Brownian Particles (F Schweitzer)The Evolution of Industrial Clusters — Simulating Spatial Dynamics (T Brenner & N Weigelt)The Growth Dynamics of German Business Firms (J Voit)A Dynamic Theory of a Firm: An Application of ‘Economic Forces’ (M Estola)Decision Processes:Adaptive Platform Dynamics in Multi-Party Spatial Voting (B M R Stadler)Subtle Nonlinearity in Popular Album Charts (R A Bentley & H D G Maschner)Dynamical Aspects in the Adoption of Agri-Environmental Measures (G Weisbuch & G Boudjema)Collective Choice and Mutual Knowledge Structures (D Richards et al.)Agent Societies:Evolutionary Study of Interethnic Co-Operation (V Kvasnicka & J Pospichal)Coalition Factor in the Evolution of Non-Kin Altruism (J-L Dessalles)Optimal Payoff Functions for Members of Collectives (D H Wolpert & K Tumer)A Day at the Beach: Human Agents Self-Organizing on the Sand Pile (H Ishii et al.) Readership: Researchers in the field of complex system science, economists, sociologists, physicists with an interdisciplinary focus, graduates, and professionals. Keywords:

Complexity, Institutions and Public Policy

Author : Graham Room
Publisher : Edward Elgar Publishing
ISBN 13 : 0857932640
Total Pages : 393 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Complexity, Institutions and Public Policy by : Graham Room

Download or read book Complexity, Institutions and Public Policy written by Graham Room and published by Edward Elgar Publishing. This book was released on 2011 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: I think this is a very important book. Very few people in the social sciences write books on this topic and really do justice to complexity theory. Professor Room gives a very detailed, accurate and accessible review of complexity theory as it applies to social policy. His link with institutional theory is very appropriate and his discussion on the need for regulation (a link with complexity theory that many people would never reach) is really important and well grounded. It would be of interest to academics who really want to understand the implications of complexity theory for policy making in complex and fast-changing situations and to those undertaking advanced courses in politics, economics and sociology. - Jean Boulton, University of Cranfield, UK Graham Room argues that conventional approaches to the conceptualisation and measurement of social and economic change are unsatisfactory. As a result, researchers are ill-equipped to offer policy advice. This book offers a new analytical approach, combining complexity science and institutionalism. It also provides tools for policy makers in turbulent times. Part 1 is concerned with the conceptualisation of socio-economic change. It integrates complexity science and institutionalism into a coherent ontology of social and policy dynamics. Part 2 is concerned with models and measurement. It combines some of the principal approaches developed in complexity analysis with models and methods drawn from mainstream social and political science. Part 3 offers empirical applications to public policy: the dynamics of social exclusion; the social dimension of knowledge economies; the current financial and economic crisis. These are supplemented by a toolkit for the practice of agile policy making.

Complexity and the Art of Public Policy

Author : David Colander
Publisher : Princeton University Press
ISBN 13 : 0691169136
Total Pages : 320 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Complexity and the Art of Public Policy by : David Colander

Download or read book Complexity and the Art of Public Policy written by David Colander and published by Princeton University Press. This book was released on 2016-02-16 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How ideas in complexity can be used to develop more effective public policy Complexity science—made possible by modern analytical and computational advances—is changing the way we think about social systems and social theory. Unfortunately, economists' policy models have not kept up and are stuck in either a market fundamentalist or government control narrative. While these standard narratives are useful in some cases, they are damaging in others, directing thinking away from creative, innovative policy solutions. Complexity and the Art of Public Policy outlines a new, more flexible policy narrative, which envisions society as a complex evolving system that is uncontrollable but can be influenced. David Colander and Roland Kupers describe how economists and society became locked into the current policy framework, and lay out fresh alternatives for framing policy questions. Offering original solutions to stubborn problems, the complexity narrative builds on broader philosophical traditions, such as those in the work of John Stuart Mill, to suggest initiatives that the authors call "activist laissez-faire" policies. Colander and Kupers develop innovative bottom-up solutions that, through new institutional structures such as for-benefit corporations, channel individuals’ social instincts into solving societal problems, making profits a tool for change rather than a goal. They argue that a central role for government in this complexity framework is to foster an ecostructure within which diverse forms of social entrepreneurship can emerge and blossom.

Complexity in Economic and Social Systems

Author : Stanisław Drożdż
Publisher : MDPI
ISBN 13 : 3036507949
Total Pages : 534 pages
Book Rating : 4.0/5 (365 download)

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Book Synopsis Complexity in Economic and Social Systems by : Stanisław Drożdż

Download or read book Complexity in Economic and Social Systems written by Stanisław Drożdż and published by MDPI. This book was released on 2021-05-11 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.

Complex Social Systems in Dynamic Environments

Author : Svetlana G. Maximova
Publisher : Springer Nature
ISBN 13 : 3031238567
Total Pages : 1221 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Complex Social Systems in Dynamic Environments by : Svetlana G. Maximova

Download or read book Complex Social Systems in Dynamic Environments written by Svetlana G. Maximova and published by Springer Nature. This book was released on 2023-06-29 with total page 1221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book considers social systems as self-organizing structures that reproduce new structural elements endowed with certain functional connections. The authors analyze innovative processes in social systems, leading to the sustainable convergence of knowledge and the emergence of technologies that improve the level of material well-being in society. The book summarizes research results in the field of digitalization and reveals deep connections with social problems. In addition, the book presents a whole array of innovative research on social systems management and the application of knowledge and intelligence to the solution of social problems. The contributing scholars and practitioners reflect on various types of social systems and assess the influence of disruptive factors from natural and coupled human-natural environments, discussing possible mechanisms for their neutralization. Sustainable development of social systems is among the most important tasks facing the contemporary world. The contributed book highlights challenges to the sustainability of social systems, draws sociotechnical images of the future world order generated by the rapid development of intellectual technologies, and critically analyzes promising concepts for more sustainable social future. Among the discussed topics in the book are social governance, digital economy, technological landscapes, social systems modeling and simulation, cyber-social systems, knowledge-based innovation systems, complex processes in social systems, institutional arrangements, and other advancing research areas. The high-quality and original studies presented in the book appeal to those interested in broadening their perspectives on complexity science, complex social systems research, complex systems management, advanced technological development in social systems, etc. Since the book is rich with well-thought theories, advanced research approaches, and interdisciplinary research results, it becomes a great source of new ideas and insights on complex social systems.

Complexity in Economic and Social Systems

Author : Stanisław Drożdż
Publisher :
ISBN 13 : 9783036507958
Total Pages : 534 pages
Book Rating : 4.5/5 (79 download)

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Book Synopsis Complexity in Economic and Social Systems by : Stanisław Drożdż

Download or read book Complexity in Economic and Social Systems written by Stanisław Drożdż and published by . This book was released on 2021 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no term that better describes the essential features of human society than complexity. On various levels, from the decision-making processes of individuals, through to the interactions between individuals leading to the spontaneous formation of groups and social hierarchies, up to the collective, herding processes that reshape whole societies, all these features share the property of irreducibility, i.e., they require a holistic, multi-level approach formed by researchers from different disciplines. This Special Issue aims to collect research studies that, by exploiting the latest advances in physics, economics, complex networks, and data science, make a step towards understanding these economic and social systems. The majority of submissions are devoted to financial market analysis and modeling, including the stock and cryptocurrency markets in the COVID-19 pandemic, systemic risk quantification and control, wealth condensation, the innovation-related performance of companies, and more. Looking more at societies, there are papers that deal with regional development, land speculation, and the-fake news-fighting strategies, the issues which are of central interest in contemporary society. On top of this, one of the contributions proposes a new, improved complexity measure.

Economic Complexity and Human Development

Author : Dominik Hartmann
Publisher : Routledge
ISBN 13 : 1135118949
Total Pages : 275 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Economic Complexity and Human Development by : Dominik Hartmann

Download or read book Economic Complexity and Human Development written by Dominik Hartmann and published by Routledge. This book was released on 2018-03-12 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book combines the human development approach and innovation economics in order to explore the effects that structural economic change has on human development. While economic diversification can provide valuable new social choices and capabilities, it also tends to lead to more complex decision processes and changes to the set of capabilities required by people to self-determine their future. Within this process of structural transformation, social networks are crucial for accessing information and social support, but networks can also be a root cause of exclusion and inequality reproduction. This implies the need to encourage innovation and economic diversification beyond production expansion, focusing on the promotion of human agency and social inclusion. This book provides such a modern perspective on development economics, emphasizing the role of social networks, economic diversity and entrepreneurship for social welfare. The author discusses how innovation, social networks, economic dynamics and human development are interlinked, and provides several practical examples of social and micro-entrepreneurship in contexts as diverse as Peruvian rural villages and Brazil’s urban areas. The interdisciplinary perspective put forward in this book illustrates theoretical and methodological methods of exploring the complexity of development in a practical and relevant way. It also provides useful information about structural factors which need to be considered by practitioners when designing pro-poor growth policies. Furthermore, the coverage of the core concepts of innovation, networks and development economics, enriched with multiple examples, makes it a valuable resource for scholars and advanced students of modern development economics.

The Paradigm of Social Complexity

Author : Gonzalo Castañeda
Publisher : CEEY
ISBN 13 : 607803653X
Total Pages : 1032 pages
Book Rating : 4.0/5 (78 download)

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Book Synopsis The Paradigm of Social Complexity by : Gonzalo Castañeda

Download or read book The Paradigm of Social Complexity written by Gonzalo Castañeda and published by CEEY. This book was released on 2020-08-04 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the recent developments in computing technologies and the thriving research scene in Complexity Science, economists and other social scientists have become aware of a more flexible and promising alternative for modelling socioeconomic systems; one that, in contrast with neoclassical economics, advocates for the realism of the assumptions, the importance of context and culture, the heterogeneity of agents (individuals or organizations), and the bounded rationality of individuals who behave and learn in multifaceted ways in uncertain environments. The book synthesizes an extensive body of work in the field of social complexity and constructs a unifying framework that allows developing concrete applications to important socioeconomic problems. This one-of-a-kind textbook provides a comprehensive panorama for advanced undergraduates and graduate students who want to become familiar with a wide range of issues related to social complexity. It is also a pioneering text that can support professors who wish to learn techniques and produce research in this novel field. Con los desarrollos recientes en las tecnologías de la computación y el floreciente dinamismo de las ciencias de la complejidad, economistas y otros científicos sociales tienen a su alcance una flexible y prometedora alternativa para la modelación de los sistemas socioeconómicos. Esta metodología, en contraste con la economía neoclásica, aboga por el realismo de los supuestos, la importancia del contexto y la cultura, la heterogeneidad de los agentes (individuos y organizaciones), y la racionalidad acotada de las personas que se comportan y aprenden de maneras muy diversas en entorno con incertidumbre. El libro sintetiza la extensa literatura que existe sobre la complejidad social, y construye un enfoque unificador que permite elaborar aplicaciones concretas con las que abordar importantes problemas socioeconómicos. Se trata de un texto singular dado que presenta un panorama comprensivo del campo de estudio, por lo que puede resultar de sumo interés para estudiante de licenciatura avanzados, y alumnos de posgrado que desean adentrarse en el tema. Asimismo, se trata de un texto pionero de gran utilidad para profesores y analistas interesados en aprender algunas de las técnicas del paradigma de la complejidad social para, de esta forma, aplicarlas en sus tareas de investigación.

Innovation in Complex Social Systems

Author : Petra Ahrweiler
Publisher :
ISBN 13 : 9780415632362
Total Pages : 0 pages
Book Rating : 4.6/5 (323 download)

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Book Synopsis Innovation in Complex Social Systems by : Petra Ahrweiler

Download or read book Innovation in Complex Social Systems written by Petra Ahrweiler and published by . This book was released on 2013-10-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book now has something new to say about innovation analysing it in complex social systems while making innovation understandable and tractable using tools such as computational network analysis and agent-based simulation.

Complexity Perspectives in Innovation and Social Change

Author : David Lane
Publisher : Springer Science & Business Media
ISBN 13 : 1402096631
Total Pages : 492 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Complexity Perspectives in Innovation and Social Change by : David Lane

Download or read book Complexity Perspectives in Innovation and Social Change written by David Lane and published by Springer Science & Business Media. This book was released on 2009-02-13 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is nowadays a question of life and death for many of the economies of the western world. Yet, due to our generally reductionist scientific paradigm, invention and innovation are rarely studied scientifically. Most work prefers to study its context and its consequences. As a result, we are as a society, lacking the scientific tools to understand, improve or otherwise impact on the processes of invention and innovation. This book delves deeply into that topic, taking the position that the complex systems approach, with its emphasis on ‘emergence’, is better suited than our traditional approach to the phenomenon. In a collection of very coherent papers, which are the result of an EU-funded four year international research team’s effort, it addresses various aspect of the topic from different disciplinary angles. One of the main emphases is the need, in the social sciences, to move away from neo-darwinist ‘population thinking’ to ‘organization thinking’ if we want to understand social evolution. Another main emphasis is on developing a generative approach to invention and innovation, looking in detail at the contexts within which invention and innovation occur, and how these contexts impact on the chances for success or failure. Throughout, the book is infused with interesting new insights, but also presents several well-elaborated case studies that connect the ideas with a substantive body of ‘real world’ information.

Complexity and the Economy

Author : W. Brian Arthur
Publisher : Oxford University Press, USA
ISBN 13 : 0199334293
Total Pages : 241 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Complexity and the Economy by : W. Brian Arthur

Download or read book Complexity and the Economy written by W. Brian Arthur and published by Oxford University Press, USA. This book was released on 2015 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.

Simplicity of Complexity in Economic and Social Systems

Author : Dariusz Grech
Publisher : Springer
ISBN 13 : 9783030561628
Total Pages : 130 pages
Book Rating : 4.5/5 (616 download)

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Book Synopsis Simplicity of Complexity in Economic and Social Systems by : Dariusz Grech

Download or read book Simplicity of Complexity in Economic and Social Systems written by Dariusz Grech and published by Springer. This book was released on 2021-11-23 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the Proceedings of the 54th Winter School of Theoretical Physics on Simplicity of Complexity in Economic and Social Systems, held in Lądek Zdrój, Poland, from 18 to 24 February 2018. The purpose of the book is to introduce the new interdisciplinary research that links statistical physics, and particular attention is given to link physics of complex systems, with financial analysis and sociology. The main tools used in these areas are numerical simulation of agents behavior and the interpretation of results with the help of complexity methods, therefore a background in statistical physics and in physics of phase transition is necessary to take the first steps towards these research fields called econophysics and sociophysics. In this perspective, the book is intended to graduated students and young researchers who want to begin the study of this established new area, which connects physicists, economists, sociologists and IT professionals, to better understand complexity phenomena existing not only in physics but also in complex systems being seemingly far from traditional view at physics.

Complexity and Group Processes

Author : Ralph D. Stacey
Publisher : Routledge
ISBN 13 : 1135479526
Total Pages : 367 pages
Book Rating : 4.1/5 (354 download)

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Book Synopsis Complexity and Group Processes by : Ralph D. Stacey

Download or read book Complexity and Group Processes written by Ralph D. Stacey and published by Routledge. This book was released on 2003-03-06 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book suggests an alternative way of understanding human relating. Highly relevant not only for therapeutic groups but also those who are managing, leading and working in organizations.

Development as Process

Author : John Farrington
Publisher : Routledge
ISBN 13 : 1134664826
Total Pages : 230 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Development as Process by : John Farrington

Download or read book Development as Process written by John Farrington and published by Routledge. This book was released on 2005-08-16 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Process" approaches to economic and social development appear to be more flexible and offer greater prospects of success than traditional "project" methods. Development as Process addresses the questions raised by the different natures of the two approaches. The authors examine development projects through experience in water resources development in India and in organizational learning by a Bangladeshi NGO. Inter-agency contexts are examined in the setting of an aquaculture project in Bangladesh and in the setting of agriculture and natural resources development in Rajisthan, India. Finally, the role of process monitoring is explained in the context of policy reform, with illustrations from forestry in India and land reform in Russia.

Handbook of Research Methods in Complexity Science

Author : Eve Mitleton-Kelly
Publisher : Edward Elgar Publishing
ISBN 13 : 1785364421
Total Pages : pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Handbook of Research Methods in Complexity Science by : Eve Mitleton-Kelly

Download or read book Handbook of Research Methods in Complexity Science written by Eve Mitleton-Kelly and published by Edward Elgar Publishing. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook is aimed at both academic researchers and practitioners in the field of complexity science. The book’s 26 chapters, specially written by leading experts, provide in-depth coverage of research methods based on the sciences of complexity. The research methods presented are illustratively applied to practical cases and are readily accessible to researchers and decision makers alike.

Microeconomics of Interactive Economies

Author : Wolfram Elsner
Publisher : Edward Elgar Publishing
ISBN 13 : 1781953406
Total Pages : 267 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis Microeconomics of Interactive Economies by : Wolfram Elsner

Download or read book Microeconomics of Interactive Economies written by Wolfram Elsner and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.