Evolution in Markets and Institutions
Author | : Ulrich Witt |
Publisher | : Springer Science & Business Media |
Total Pages | : 122 |
Release | : 2012-12-06 |
ISBN-10 | : 9783642500657 |
ISBN-13 | : 364250065X |
Rating | : 4/5 (65X Downloads) |
Download or read book Evolution in Markets and Institutions written by Ulrich Witt and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evolutionary economics is the most challenging unorthodox approach to economic theory that has been developed in the last decades. The present volume offers a survey as well as a carefully selected sample of important new insights from a broad range of topics in economics: - the dynamics of institutional change - aggregate employment effects of diffusing innovations - institutional regimes of long run growth - indeterminaciesresulting expectation formation in the economy - the synergetic approach and its application to market morphology. The volume documentsa variety of modeling tools in evolutionary economics and offers a series ofstimulating hypotheses and research results. Its reading is a `must' for all scholars with an interest in economic change.