Explaining Process and Change: Approaches to Evolutionary Economics

Witt, Ulrich (editor)

ISBN 10: 0472102915 / ISBN 13: 9780472102914

Published by University of Michigan Press, Ann Arbor, 1992

About this Item

a very good hardcover; an ex-library copy with usual markings; internally pages bright and clean; ---------- SATISFACTION GUARANTEED --------- FAST, COURTEOUS SERVICE ------ Size: 6 x 9".

Seller Inventory # 6246.4

Bibliographic Details

• Title: Explaining Process and Change: Approaches to Evolutionary Economics
• Publisher: University of Michigan Press, Ann Arbor
• Publication Date: 1992
• Language: English
• ISBN 10: 0472102915
• ISBN 13: 9780472102914
• Binding: Hard Cover
• Edition: First Edition.
• Condition: Very Good
• Book Type: Ex-Library
• Seller catalogs:
  • Economics

About this title

Synopsis

Recently, many economists have advocated the adoption of an evolutionary perspective to better understand the permanent flux of the economy. So far, most of the work in this budding field has been confined to industrial organization research in the Schumpeterian tradition. In Explaining Process and Change, Ulrich Witt presents for the first time the potential uses of the evolutionary approach in a broad range of other fields. Witt, a leading expert in evolutionary economics, assembles essays by a number of economists whose findings might otherwise remain unavailable to North American economists. Their work offers insights into the application of evolutionary thinking to consumer theory, price theory, growth theory, industrial policy, game theory, and computer science. All of the essays focus on change and transition and the forces that create variability in the economy, as opposed to equilibrium states and the quest for optimality. Economists interested in the emerging evolutionary paradigm in economics will find Explaining Process and Change an invaluable and insightful guide to this new field. The many interdisciplinary relationships pointed out in each chapter make the book appealing to other social scientists as well.

About the Author

Ulrich Witt is Professor of Economics, University of Freiburg, Germany. He is the author of Individualistic Foundations of Evolutionary Economics; Marktprozesse; and SMS: A Program Package for Simulation and Gaming of Stochastic Market Processes and Learning Behavior, in collaboration with J. Perske.