Microeconomics of Complex Economies Evolutionary, Institutional, and Complexity Perspectives

ISBN-10: 0124115853

ISBN-13: 9780124115859

Edition: 2014

List price: $99.95
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Description: An Introduction to the Microeconomics of Complexity uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes simulation packages and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of orthodox economic theories. Describes the usefulness of complex heterodox economicsEmphasizes divergences and convergences with neoclassical economic theories and perspectivesFits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

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Book details

List price: $99.95
Copyright year: 2014
Publisher: Elsevier Science & Technology Books
Publication date: 4/23/2014
Binding: Hardcover
Pages: 600
Size: 8.00" wide x 10.00" long x 1.00" tall
Weight: 1.980
Language: English

Wolfram Elsner is professor of economics with the Institute for Institutional and Innovation Economics at the University Bremen in Germany. Before working in academia, he spent ten years as a local development official and state-level planner. He has published widely in various journals, has edited several books, and authored three textbooks. He is the managing editor of the Forum for Social Economics and has served as the President of the European Association for Evolutional Political Economy.

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