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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