书目名称 | Microfoundations of Evolutionary Economics |
编辑 | Yoshinori Shiozawa,Masashi Morioka,Kazuhisa Tanigu |
视频video | |
概述 | Presents the first microfoundation book for evolutionary economics.Shows how myopic agents with limited rationality can generate plausible adjustment processes in the economy.Clarifies how the market |
丛书名称 | Evolutionary Economics and Social Complexity Science |
图书封面 |  |
描述 | .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 |
出版日期 | Book 2019 |
关键词 | Evolutionary economics; Micro-macro loop; Microfoundation; Myopic agent; Quantity adjustment; Stable pric |
版次 | 1 |
doi | https://doi.org/10.1007/978-4-431-55267-3 |
isbn_ebook | 978-4-431-55267-3Series ISSN 2198-4204 Series E-ISSN 2198-4212 |
issn_series | 2198-4204 |
copyright | Springer Japan KK, part of Springer Nature 2019 |