Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

Microfoundations of Evolutionary Economics

Microfoundations of Evolutionary Economics

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9784431552673
Condition
New
Product Description

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.

Available Colors
Available Sizes
1 Offer Price Range: $89.00 - $89.00
BEST PRICE

Single Product Purchase

$89.00
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$89.00 $89.00

$89.00
See Site In stock Visit Store

Similar Products

Software Tools: Automatisierung im Software Engineering

$69.99

Spectatorship, Embodiment and Physicality in the Contemporary Mutilation Film

$54.99

Productive and Efficient Data Science with Python

$64.99

Inklusion und Exklusion in der Sozialen Arbeit

$69.99

Topics in Nonlinear Dynamics, Volume 3

$169.00

The Science of Soft Robots

$99.99

Linear Programming and Its Applications

$49.99

Secular Solar and Geomagnetic Variations in the Last 10,000 Years

$169.00

Peeking at Peak Oil

$39.99

Polyoxometalate Molecular Science

$219.99

Psychological Approaches to Generalized Anxiety Disorder

$109.99

Anhedonia: A Comprehensive Handbook Volume II

$169.99

Ethik in der Technikgestaltung

$59.99

Investigations into the Origin of Language and Consciousness

$109.99

Psammic Peinobiomes

$179.99

Britische Soziologie

$19.99

Spirit of the Silk Road

$119.99

Notes on the Ellipsoidal Function

$74.99

Memorialising Premodern Monarchs

$159.99

Linear Algebra

$44.99

Frherkennung und Nachsorge des Dickdarmkrebses

$69.99

Gynecology

$79.99

Quantenelektrodynamik

$49.99

ber Zusammenhnge zwischen Wasserhaushalt der Tonminerale und bodenphysikalischen Eigenschaften bin

$54.99

Modern Modalities

$219.00

Donaldson Type Invariants for Algebraic Surfaces

$39.99

Computational Social Networks

$109.99

Non-Volatile Memory Database Management Systems

$59.99

Montage strategisch ausrichten Praxisbeispiele marktorientierter Prozesse und Strukturen

$119.99

Parteiensystem und Verfassung in Afrika

$59.99

Ada Lace Adventure: Ada Lace, On the Case

$5.21

Hyperspectral Image Processing

$84.99

Computer Safety, Reliability, and Security

$54.99

Innovations and Interdisciplinary Solutions for Underserved Areas

$44.99

AI based Robot Safe Learning and Control

$49.99

Metabolic Control

$219.99

Zeichen und Grafik

$17.99

The Educator's Guide to Understanding Child Development

$26.99

France and the Politics of European Economic and Monetary Union

$54.99

Algorithmen und Datenstrukturen

$69.99