Evolution in Markets and Institutions
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Evolutionary economics is the most challenging unorthodoxapproach to economic theory that has been developed in thelast decades. The present volume offers a survey as well asa carefully selected sample of important new insights from abroad 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 inevolutionary eco...
Evolutionary economics is the most challenging unorthodoxapproach to economic theory that has been developed in thelast decades. The present volume offers a survey as well asa carefully selected sample of important new insights from abroad 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 inevolutionary economics and offers a series ofstimulatinghypotheses and research results. Its reading is a `must' forall scholars with an interest in economic change.
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