The New Evolutionary Microeconomics: Complexity, Competence and Adaptive Behaviour (New Horizons in Institutional and Evolutionary Economics series) - Hardcover

Potts, Jason

Hardcover

ISBN 10: 1840645431 ISBN 13: 9781840645439

Publisher: Edward Elgar Publishing, 2001

Synopsis

Potts (economics, University of Queensland) proposes evolutionary microeconomics as a synthesis of the collective schools of heterodox economic thought with complex systems theory and graph theory. He charts a research program for evolutionary economics that encompasses the theory of dynamic efficiency and emergence in markets, a computational model of the learning and interacting agent, a competence-based theory of the firm and the household, and an agent-based foundation to macroeconomics. He argues for a radical refocus of microeconomic research toward the evolutionary nature of institutions, preferences, technology, and knowledge. Of interest to those in evolutionary and computational economics, managerial economics, business studies, and marketing. Annotation c. Book News, Inc., Portland, OR (booknews.com)

About this title

About the Author

Jason Potts, Lecturer in Economics, University of Queensland, Australia

Review

"This is a fantastic read - a brilliant volume. It really is a very major and highly original piece of work." -- Geoffrey M. Hodgson,

This book deserves a wide audience and I recommend it to all economists without hesitation. -- – Tim Wakeley, Journal of Economic Psychology

Edition details

• Publisher: Edward Elgar Publishing
• Publication date: 2001
• ISBN 10: 1840645431
• ISBN 13: 9781840645439
• Binding: Hardcover
• Language: English
• Number of pages: 256