ENGLISH

The Microeconomics of Complex Economies: Evolutionary, Institutional, Neoclassical, and Complexity Perspectives

By Torsten , Elsner , Wolfram;Schwardt , Henning;Heinrich

Book information

Publisher
Academic Press
Year
2014
ISBN
9780124115859, 1865843830, 0124115853
Language
english
Format
PDF
Filesize
17 MB (17714382 bytes)
Pages
566\599
Time added
2020-11-29 05:13:50
Economics

Description

The Microeconomics of Complex Economiesuses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories.

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