Evolution in Markets and Institutions

Witt, Ulrich

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.

Details

Published by: Physica

Publication Date: 2012-06-12

Format: Paperback

ISBN-13: 9783642500671

DOI: 10.1007/978-3-642-50065-7

Dimensions: 244cm x170cm

Pages: 120