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Commerce, Complexity, and Evolution: Topics in Economics, Finance, Marketing, and Management: Proceedings of the Twelfth International Symposium in ... Symposia in Economic Theory and Econometrics)
 
 
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Commerce, Complexity, and Evolution: Topics in Economics, Finance, Marketing, and Management: Proceedings of the Twelfth International Symposium in ... Symposia in Economic Theory and Econometrics) [Hardcover]

William A. Barnett (Editor), Carl Chiarella (Editor), Steve Keen (Editor), Robert Marks (Editor), Hermann Schnabl (Editor)

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Book Description

0521620309 978-0521620307 June 5, 2000 1
Commerce, Complexity, and Evolution is a significant contribution to the new paradigm straddling economics, finance, marketing, and management, which acknowledges that commercial systems are evolutionary systems, and must therefore be analyzed using evolutionary tools. Evolutionary systems display complicated behaviors that are to a significant degree generated endogenously, rather than being solely the product of exogenous shocks, hence the conjunction of complexity with evolution. The papers in this volume consider a wide range of systems, from the entire economy at one extreme to the behavior of single markets at the other.

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Book Description

Commerce, Complexity, and Evolution is a significant contribution to the new paradigm straddling economics, finance, marketing, and management, which acknowledges that commercial systems are evolutionary systems, and must therefore be analysed using evolutionary tools. Evolutionary systems display complicated behaviours which are to a significant degree generated endogenously, rather than being solely the product of exogenous shocks, hence the conjunction of complexity with evolution. The papers in this volume consider a wide range of systems, from the entire economy at one extreme to the behaviour of single markets at the other.

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Inside This Book (learn more)
First Sentence:
Present-day mainstream neoclassical economic theory is built on the perfect competition paradigm. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
logistic diffusion process, money growth variability, generalized user cost, exact monetary aggregate, unbalanced mechanism, economic behavioral relationships, realized standard deviation, unseen strategies, trapping interval, moneyness bias, election operator, ergodic chaos, money velocity, cobweb model, secondary heuristic, employer beliefs, critical aggregate, enumerative search, financial instability hypothesis, behavioral algorithms, noncooperative strategies, inventory dynamics, monetary services, transition map, aggregator function
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Cambridge University Press, Working Paper, Generation Figure, Years Figure, Futures Markets, Louis Rev, Oxford University Press, Mean of Mean, Sante Fe Institute, Standard Standard, Subba Rao, Fisher's Paradox, Free Press, General Theory, Honor of Jacob Marschak, James Juniper, The Size of Neighbourhood, United States, Englewood Cliffs, Financial Econ, Oper Res, Princeton University Press, Springer-Verlag Lecture Notes, Stanford University
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