Evolution in Markets and Institutions
Paperback Engels 2012 9783642500671Samenvatting
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.
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