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Autor(en): 
  • Yoshinori Shiozawa
  • Kazuhisa Taniguchi
  • Masashi Morioka
  • Microfoundations of Evolutionary Economics 
     

    (Buch)
    Dieser Artikel gilt, aufgrund seiner Grösse, beim Versand als 3 Artikel!


    Übersicht

    Auf mobile öffnen
     
    Lieferstatus:   Auf Bestellung (Lieferzeit unbekannt)
    Veröffentlichung:  Juli 2019  
    Genre:  Wirtschaft / Recht 
     
    B / Economic history / Economic Policy / Economic Theory / Economic Theory/Quantitative Economics/Mathematical Methods / Economics / Economics and Finance / History of Economic Thought and Methodology
    ISBN:  9784431552666 
    EAN-Code: 
    9784431552666 
    Verlag:  Springer EN 
    Einband:  Gebunden  
    Sprache:  English  
    Serie:  #15 - Evolutionary Economics and Social Complexity Science  
    Dimensionen:  H 235 mm / B 155 mm / D  
    Gewicht:  711 gr 
    Seiten:  346 
    Illustration:  XVIII, 346 p. 498 illus., 15 illus. in color., farbige Illustrationen, schwarz-weiss Illustrationen 
    Zus. Info:  EUDR exemption - product or manufacturing materials placed on the market prior to 31.12.2025. 
    Bewertung: Titel bewerten / Meinung schreiben
    Inhalt:
    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.

      



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