An Evolutionary Theory of Economic Change

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Publisher : Harvard University Press
ISBN 13 : 9780674041431
Total Pages : 456 pages
Book Rating : 4.0/5 (414 download)

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Book Synopsis An Evolutionary Theory of Economic Change by : Richard R. Nelson

Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Evolutionary Controversies in Economics

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Publisher : Springer Science & Business Media
ISBN 13 : 4431679030
Total Pages : 253 pages
Book Rating : 4.4/5 (316 download)

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Book Synopsis Evolutionary Controversies in Economics by : Japan Association for Evolutionary Economics

Download or read book Evolutionary Controversies in Economics written by Japan Association for Evolutionary Economics and published by Springer Science & Business Media. This book was released on 2011-06-27 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 1997, we launched the Japan Association for Evolutionary Economics {JAFEE) to gather the academic minds that, out of dissatisfaction with established dynamic approaches, were separately searching for new approaches to economics. To our surprise and joy,as many as 500members, including graduate students,joined us. Later that year Prof. Horst Hanusch, then President of the International [oseph A. Schumpeter Society, remarked that such a start would take a couple of decades in Europe to prepare for. Since then we have been developing our activities incessantly not only in terms of the number of members, but also in terms of the intensity of international academic exchange. Originally the planning of this book came about as the successful outcome of our fourth annual conference organized as an international one, JAFEE 2000.Incorporat ing other international contributions related to our preceding conferences, this book has eventually turned out to be one of the most enterprising anthologies on evolu tionary economics ever published. Specifically, it contains excellent papers on such topics as streams of evolutionary economics, evolutionary nonlinear dynamics, experimental economics and evolution, multiagent systems and complexity, new frontiers for evolutionary economics, and economic heresies. In short, this book will provide a vivid and full-fledged picture of up-to-date evolutionary economics.

Economic Controversies

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Author :
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610165233
Total Pages : 1017 pages
Book Rating : 4.6/5 (11 download)

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Book Synopsis Economic Controversies by : Murray N. Rothbard

Download or read book Economic Controversies written by Murray N. Rothbard and published by Ludwig von Mises Institute. This book was released on 2011 with total page 1017 pages. Available in PDF, EPUB and Kindle. Book excerpt:

GUIDE FOR THE PERPLEXED

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Publisher : Harper Collins
ISBN 13 : 0060906111
Total Pages : 164 pages
Book Rating : 4.0/5 (69 download)

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Book Synopsis GUIDE FOR THE PERPLEXED by : E. F. Schumacher

Download or read book GUIDE FOR THE PERPLEXED written by E. F. Schumacher and published by Harper Collins. This book was released on 1978-05-31 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author of the world wide best-seller, Small Is Beautiful, now tackles the subject of Man, the World, and the Meaning of Living. Schumacher writes about man's relation to the world. man has obligations -- to other men, to the earth, to progress and technology, but most importantly himself. If man can fulfill these obligations, then and only then can he enjoy a real relationship with the world, then and only then can he know the meaning of living. Schumacher says we need maps: a "map of knowledge" and a "map of living." The concern of the mapmaker--in this instance, Schumacher--is to find for everything it's proper place. Things out of place tend to get lost; they become invisible and there proper places end to be filled by other things that ought not be there at all and therefore serve to mislead. A Guide for the Perplexed teaches us to be our own map makers. This constantly surprising, always stimulating book will be welcomed by a large audience, including the many new fans who believe strongly in what Schumacher has to say.

Economics of Sovereign Wealth Funds

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Publisher : International Monetary Fund
ISBN 13 : 1589069277
Total Pages : 330 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Economics of Sovereign Wealth Funds by : Mr.Udaibir S. Das

Download or read book Economics of Sovereign Wealth Funds written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2010-12-09 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.

Gross Domestic Problem

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Publisher : Zed Books Ltd.
ISBN 13 : 1780322755
Total Pages : 187 pages
Book Rating : 4.7/5 (83 download)

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Book Synopsis Gross Domestic Problem by : Doctor Lorenzo Fioramonti

Download or read book Gross Domestic Problem written by Doctor Lorenzo Fioramonti and published by Zed Books Ltd.. This book was released on 2013-01-17 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gross domestic product is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government policy and sets priorities in a variety of vital social fields - from schooling to healthcare. Yet for perhaps the first time since it was invented in the 1930s, this popular icon of economic growth has come to be regarded by a wide range of people as a 'problem'. After all, does our quality of life really improve when our economy grows 2 or 3 per cent? Can we continue to sacrifice the environment to safeguard a vision of the world based on the illusion of infinite economic growth? Lorenzo Fioramonti takes apart the 'content' of GDP - what it measures, what it doesn't and why - and reveals the powerful political interests that have allowed it to dominate today's economies. In doing so, he demonstrates just how little relevance GDP has to moral principles such as equity, social justice and redistribution, and shows that an alternative is possible, as evinced by the 'de-growth' movement and initiatives such as transition towns. A startling insight into the politics of a number that has come to dominate our everyday lives.

Evolutionary Foundations of Economic Science

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Author :
Publisher : Springer
ISBN 13 : 4431548440
Total Pages : 234 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis Evolutionary Foundations of Economic Science by : Yuji Aruka

Download or read book Evolutionary Foundations of Economic Science written by Yuji Aruka and published by Springer. This book was released on 2014-10-04 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to discern and distinguish the essential features of basic economic theories and compare them with new theories that have arisen in recent years. The book focuses on seminal economic ideas and theories developed mainly in the 1930s to 1950s because their emergence eventually led to new branches of economics. The book describes an alternative analytical framework spreading through the interdisciplinary fields of socioeconophysics and sociodynamics. The focus is on a set of branching or critical points that separate what has gone before from what has followed. W. Brian Arthur used the term “redomaining” when he referred to technological innovation. In the present volume the author aims to re domain economic theories suited for a new social order. Major technological innovations accompany not only changes in the economy and the market but changes in their meaning as well. In particular, the evolution of trading technology has changed the meaning of the “invisible hand.” At the end of the last century, the advent of socioeconophysics became a decisive factor in the emergence of a new economic science. This emergence has coincided with changes in the implications of the economy and the market, which consequently require a redomaining of economic science. In this new enterprise, the joint efforts of many scientists outside traditional economics have brought brilliant achievements such as power law distribution and network analysis, among others. However, the more diverse the backgrounds of economic scientists, the less integrated the common views among them may be, resulting in a sometimes perplexing potpourri of economic terminology. This book helps to mitigate those differences, shedding light on current alternative economic theories and how they have evolved.

The Foundations of Non-Equilibrium Economics

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Author :
Publisher : Routledge
ISBN 13 : 1135256438
Total Pages : 214 pages
Book Rating : 4.1/5 (352 download)

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Book Synopsis The Foundations of Non-Equilibrium Economics by : Sebastian Berger

Download or read book The Foundations of Non-Equilibrium Economics written by Sebastian Berger and published by Routledge. This book was released on 2009-09-10 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thought-provoking volume seeks to answer some of the ultimate economic questions in terms of a theory that emerged with Adam Smith and is now come to full fruition; the principle of circular and cumulative causation (CCC) This full-fledged theoretical framework explains the whole interplay of technology, firms, resources, culture, institutions and economic policy to understand the basic drives behind modern day economic dynamics.

The Experience Economy

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Publisher : Harvard Business Press
ISBN 13 : 9780875848198
Total Pages : 276 pages
Book Rating : 4.8/5 (481 download)

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Book Synopsis The Experience Economy by : B. Joseph Pine

Download or read book The Experience Economy written by B. Joseph Pine and published by Harvard Business Press. This book was released on 1999 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text seeks to raise the curtain on competitive pricing strategies and asserts that businesses often miss their best opportunity for providing consumers with what they want - an experience. It presents a strategy for companies to script and stage the experiences provided by their products.

Rethinking Economic Evolution

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Publisher : Edward Elgar Publishing
ISBN 13 : 178536507X
Total Pages : 261 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Rethinking Economic Evolution by : Ulrich Witt

Download or read book Rethinking Economic Evolution written by Ulrich Witt and published by Edward Elgar Publishing. This book was released on 2016-07-30 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern economies never come to rest. From institutions to activities of production, trade, and consumption, everything is locked in processes of perpetual transformation – and so are our daily lives. Why and how do such transformations occur? What can economic theory tell us about these changes and where they might lead? Ulrich Witt’s book discusses why evolutionary concepts are necessary to answer such questions. While economic evolution is in many respects unique, it nonetheless needs to be seen within the broader context of natural evolution. By exploring this complex relationship, Rethinking Economic Evolution demonstrates the significance of an evolutionary economic theory.

Elgar Companion to Neo-Schumpeterian Economics

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Publisher : Edward Elgar Publishing
ISBN 13 : 1847207014
Total Pages : 1229 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Elgar Companion to Neo-Schumpeterian Economics by : Horst Hanusch

Download or read book Elgar Companion to Neo-Schumpeterian Economics written by Horst Hanusch and published by Edward Elgar Publishing. This book was released on 2007 with total page 1229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Elgar Companion to Neo-Schumpeterian Economics is a cutting-edge collection of specially commissioned contributions highlighting not only the broad scope but also the common ground between all branches of this prolific and fast developing field of economics. For 25 years economists have been investigating industrial dynamics under the heading of neo-Schumpeterian economics, which has itself become a mature and widely acknowledged discipline in the fields of innovation, knowledge, growth and development economics. The Elgar Companion to Neo-Schumpeterian Economics surveys the achievements of the most visible scholars in this area. The contributions to the Companion give both a brief survey on the various fields of neo-Schumpeterian economics as well as insights into recent research at the scientific frontiers. The book also illustrates the potential of neo-Schumpeterian economics to overcome its so far self-imposed restriction to the domains of technology driven industry dynamics, and to become a comprehensive approach in economics suited for the analysis of development processes in all economic domains. Integrating both the public sector and financial markets, the book focusses on the co-evolutionary processes between the different domains. As a roadmap for the development of a comprehensive neo-Schumpeterian theory, the Companion will be an invaluable source of reference for researchers in the fields of industrial dynamics and economic growth, and academics and scholars of economics generally. PhD students will find the Companion an indispensable general introduction to the field of neo-Schumpeterian economics. It will also appeal to politicians and consultants engaged in national and international policy as the Companion deals with the highly important and ever topical phenomena of economic development.

Agent-Based Approaches in Economic and Social Complex Systems IV

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Publisher : Springer Science & Business Media
ISBN 13 : 4431713077
Total Pages : 209 pages
Book Rating : 4.4/5 (317 download)

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Book Synopsis Agent-Based Approaches in Economic and Social Complex Systems IV by : T. Terano

Download or read book Agent-Based Approaches in Economic and Social Complex Systems IV written by T. Terano and published by Springer Science & Business Media. This book was released on 2007-12-27 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters of this book are the selected papers from those presented at the Third International Workshop on Agent-Based Approaches in Economic and Social Complex Systems held in Tokyo, Japan in 2005. Articles cover methodological issues, computational model/software, combination with gaming simulation, and real-world applications to economic, management/organizational and social issues.

Agent-Based Computational Economics Using NetLogo

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Publisher : Bentham Science Publishers
ISBN 13 : 1608054896
Total Pages : 157 pages
Book Rating : 4.6/5 (8 download)

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Book Synopsis Agent-Based Computational Economics Using NetLogo by : Romulus-Catalin Damaceanu

Download or read book Agent-Based Computational Economics Using NetLogo written by Romulus-Catalin Damaceanu and published by Bentham Science Publishers. This book was released on 2013-02-01 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agent-based Computational Economics using NetLogo explores how researchers can create, use and implement multi-agent computational models in Economics by using NetLogo software platform. Problems of economic science can be solved using multi-agent modelling (MAM). This technique uses a computer model to simulate the actions and interactions of autonomous entities in a network, in order to analyze the effects on the entire economic system. MAM combines elements of game theory, complex systems, emergence and evolutionary programming. The Monte Carlo method is also used in this e-book to introduce random elements. The 11 models presented in this text simulate the simultaneous operations of several agents in an attempt to recreate and predict complex economic phenomena. This e-book explains the topic in a systematic manner, starting with an introduction for readers followed subsequently by methodology and implementation using NetLogo. The volume ends with conclusions based on the results of the experiments presented. The e-book is intended as a concise and vital resource for economists, applied mathematicians, social sciences scientists, systems analysts, operations researchers and numerical analysts

Debunking Economics

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Publisher : Zed Books
ISBN 13 : 9781856499927
Total Pages : 356 pages
Book Rating : 4.4/5 (999 download)

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Book Synopsis Debunking Economics by : Steve Keen

Download or read book Debunking Economics written by Steve Keen and published by Zed Books. This book was released on 2001-07-28 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the score card for economics at the start of the new millennium? While there are many different schools of economic thought, it is the neo-classical school, with its alleged understanding and simplistic advocacy of the market, that has become equated in the public mind with economics. This book shows that virtually every aspect of conventional neo-classical economics' thinking is intellectually unsound. Steve Keen draws on an impressive array of advanced critical thinking. He constitutes a profound critique of the principle concepts, theories, and methodologies of the mainstream discipline. Keen raises grave doubts about economics' pretensions to established scientific status and its reliability as a guide to understanding the real world of economic life and its policy-making.

The Handbook of Historical Economics

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Author :
Publisher : Elsevier
ISBN 13 : 0128158743
Total Pages : 1002 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis The Handbook of Historical Economics by : Alberto Bisin

Download or read book The Handbook of Historical Economics written by Alberto Bisin and published by Elsevier. This book was released on 2021-04-27 with total page 1002 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Historical Economics guides students and researchers through a quantitative economic history that uses fully up-to-date econometric methods. The book's coverage of statistics applied to the social sciences makes it invaluable to a broad readership. As new sources and applications of data in every economic field are enabling economists to ask and answer new fundamental questions, this book presents an up-to-date reference on the topics at hand. Provides an historical outline of the two cliometric revolutions, highlighting the similarities and the differences between the two Surveys the issues and principal results of the "second cliometric revolution" Explores innovations in formulating hypotheses and statistical testing, relating them to wider trends in data-driven, empirical economics

What is Neoclassical Economics?

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Author :
Publisher : Routledge
ISBN 13 : 1317334523
Total Pages : 337 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis What is Neoclassical Economics? by : Jamie Morgan

Download or read book What is Neoclassical Economics? written by Jamie Morgan and published by Routledge. This book was released on 2015-11-19 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of their shortcomings to neoclassical economics. As a result, what we mean by neoclassical economics remains a significant issue. This collection addresses the issue from a new perspective, taking as its point of departure Tony Lawson’s essay ‘What is this ‘school’ called neoclassical economics?’. Few terms are as controversial for pluralist and heterodox economists as neoclassical economics. This controversy has many aspects because the term itself has different specifications and connotations. Within this multiplicity what we mean by neoclassical matters to pluralist and heterodox economists for two primary reasons. First, because it informs how we view and critique the mainstream; second, because the relationship between heterodox and mainstream economics influences how heterodox economists model, apply methods and construct theory. The chapters in this collection each have different things to say about these matters, with contributions ranging across the work of key thinkers, such as Thorstein Veblen and Kenneth Arrow, applied issues of non-linear modelling of dynamic systems, and key events in the history of economics. This book will be of use to those interested in methodology, political economy, heterodoxy, and the history of economic thought.

Economics and Evolution

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Publisher : University of Michigan Press
ISBN 13 : 9780472084234
Total Pages : 398 pages
Book Rating : 4.0/5 (842 download)

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Book Synopsis Economics and Evolution by : Geoffrey Martin Hodgson

Download or read book Economics and Evolution written by Geoffrey Martin Hodgson and published by University of Michigan Press. This book was released on 1996 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: How evolutionary ideas can be used to reconstruct economics.