Description: Advances in Evolutionary Institutional Economics : Evolutionary Mechanisms, Non-knowledge and Strategy, Hardcover by Hanappi, Hardy (EDT); Elsner, Wolfram (EDT), ISBN 1847209084, ISBN-13 9781847209085, Brand New, Free shipping in the US In the wake of neoclassical economics' failure to understand the political economy, economists inspired by evolutionary biology are developing a new 'species' by generating and testing 'mutations.' Rather than taking the characteristics of either the objects of choice or the rational decision-maker as fixed, evolutionary economics focuses on the processes driving structural change and their implications for firms, institutions, industries, employment, production, trade, and growth. Economists Hanappi (U. of Technology, Vienna, Austria) and Elsner (U. of Bremen, Germany) introduce ten contributed chapters presenting four routes to this analytic approach: theory-guiding visions, resurrections of such concepts as the Open Systems Approach, empirical findings, and methodological innovations focusing on meso-economic phenomena, ., agent-based modeling. Annotation ©2009 Book News, Inc., Portland, OR ()
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Book Title: Advances in Evolutionary Institutional Economics : Evolutionary M
Author: Hanappi, Hardy (EDT); Elsner, Wolfram (EDT)
Language: english
