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New Evolutionary Microeconomics Complexity, Competence and Adaptive Behaviour

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ISBN-10: 1840648953

ISBN-13: 9781840648959

Edition: 2001

Authors: Jason D. Potts

List price: $65.95
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In tackling a very big issue in neoclassical microeconomics, Jason Potts proposes a new evolutionary theory. The author makes a fundamental critique of the neoclassical stance and deals with the subject matter most forcefully.
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Book details

List price: $65.95
Copyright year: 2001
Publisher: Edward Elgar Publishing, Incorporated
Publication date: 10/26/2001
Binding: Paperback
Pages: 256
Size: 6.14" wide x 9.21" long x 0.55" tall
Weight: 0.836
Language: English

List of figures and tables
Preface and acknowledgements
Introduction
Context, subtext, pretext
Text
The geometry of economic space
Introduction
Exhuming the concept of economic space
The nature of a field
Convergence of criticism
The point of departure
Conclusion
Economic systems
Introduction
On connections in an economic system
The definition of an economic system
System-element duality and hyperstructure
The building blocks of economic systems
The arithmetic of evolutionary systems
Conclusion
Systems theory and complexity
Introduction
Coordination in state-space
Evolution towards complexity
Economic systems and complexity
Equilibrium, coordination and complexity
Complex economic behaviour and efficiency
Conclusion
The microeconomic agent
Introduction
The agent: hetero economicus
Agent interaction
Conclusion: the agent as a complex system
Production systems and competence
Introduction
On the theory of the firm and the theory of production
The evolutionary microeconomics of the household
The evolutionary microeconomics of knowledge production
Conclusion
The theory of expectations
Introduction
What are expectations?
Probability and expectations
Expectations and plans
Expectations and experts
On populations of model-using agents
A multiagent framework
Conclusion
Conclusions
Amidst the shadows of economic theory
Prospects for evolutionary microeconomics
Conclusion
References
Index
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