Evolution in Markets and Institutions
Published on 6. December 2012
VIII, 120 pages
978-3-642-50065-7 (ISBN)
Description
Evolutionary economics is the most challenging unorthodox
approach to economic theory that has been developed in the
last decades. The present volume offers a survey as well as
a carefully selected sample of important new insights from a
broad range of topics in economics:
- the dynamics of institutional change
- aggregate employment effects of diffusing innovations
- institutional regimes of long run growth
- indeterminaciesresulting expectation formation in the
economy
- the synergetic approach and its application to market
morphology.
The volume documentsa variety of modeling tools in
evolutionary economics and offers a series ofstimulating
hypotheses and research results. Its reading is a `must' for
all scholars with an interest in economic change.
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Ulrich Witt
Evolution in Markets and Institutions
Book
08/1993
Physica
€85.55
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Content
Evolutionary economics: Some principles.- How do conventions evolve?.- Innovation diffusion, employment and wage policy.- Land use systems and property rights. Evolutionary versus new institutional economics.- The genesis of expectations and of sunspot equilibria.- The master equation approach to nonlinear economics.- Appendix: Programme of the Joint Sessions.
