| Description |
1 online resource |
| Series |
Lecture notes in economics and mathematical systems, 0075-8442 ; 665 |
|
Lecture notes in economics and mathematical systems ; 665
|
| Contents |
Darwin- and Shannon-Inspired Dynamic Economic Selection -- Sets of Entropy, Selection, Venn Diagrams and Bitpulses -- The Road from Generalized Darwinism to Evolvodynamics -- Blind and Purposeful Selection -- Exchange and the Circulation of Entropy -- The Interpretation of the Economic Variables -- Money and Liquidity, Time, Work and Effectiveness -- Calculation -- Theory and Confirmation |
| Summary |
Dissatisfied with the flaws of orthodox economics, the author proposes to base economic theory on the three principles of Darwinian evolution (variation, inheritance, selection). Pursuing a suggestion of E.T. Jaynes of 1991, the innovation is in treating economic behavior as chance events of selection. This involves the abandonment and trade-in of mainstream economics for the mathematics Claude E. Shannon used to describe information transport over a stationary channel. As economic processes are non-stationary, the author clarifies first how the Shannon-system must be reshaped in a system capa |
| Analysis |
Economics |
|
Mathematics |
|
Endogenous growth (Economics) |
|
Macroeconomics |
|
Economics/Management Science |
|
Economic Growth |
|
Economic Theory |
|
Socio- and Econophysics, Population and Evolutionary Models |
|
Macroeconomics/Monetary Economics |
|
Complexity |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Economics, Mathematical.
|
| Form |
Electronic book
|
| ISBN |
9783642340567 (electronic bk.) |
|
3642340563 (electronic bk.) |
|
