Evolutionary Foundations of Economic Science
Language: English
Published by Springer Japan, 2014
Series: Book 5 of 32 - Evolutionary Economics and Social Complexity Science
- Hardcover
- New
Condition: New
£ 81.47
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Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Briefing on the evolving doctrines of economic theory of the last two centuriesInvestigation of the change in meanings of the economy and the market and the associated theoriesIntegrative analysis of the evolution of economic theories and t.
Seller Inventory # 5753156
- Title
- Evolutionary Foundations of Economic Science
- Author
- Yuji Aruka
- Publisher
- Springer Japan
- Publication year
- 2014
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 4431548432
- ISBN 13
- 9784431548430
- Series
- Book 5 of 32: Evolutionary Economics and Social Complexity Science
"Synopsis" may belong to another edition of this title.
From the Back Cover
This book aims to explain briefly the essential features of the founding theories of economics, and compare them with later theories developed to address inconsistencies in outcomes. The earlier stages of this book are focused on the economic ideas and theories developed mainly between the 1930s and 1950s, because their emergence bred what were effectively new branches of economics. Over time, these economic theories have been gradually updated, but this updating has not necessarily addressed their theoretical difficulties. Roughly speaking, the updates converged towards behavioral science without eliminating the essential problems behind the theories. The idea of bounded rationality was a typical concern of these revisions. With universal rationality, then the core of the theory remained. The ideas of systems science were therefore increasingly less associated with this revisionist economic theory. However, even as these updates were being proposed, the world was dramatically changing. To use my favorite phrase, a car is no longer a car, but an adaptive cruising system, an air fighter is no longer an air fighter in the sense that stability is no longer part of its structural design. The control of modern vehicles is becoming further removed from human input. This also applies to the market. The revisionist approach therefore does not fully describe the essential transformations emerging in the world.
"About the title" may belong to another edition of this title.
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