rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Evolvodynamics - The Mathematical Theory of Economic Evolution
    sub title: A Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth
  name:
    name part: Wallast, Len H.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2013
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: VIII, 279 p. 23 illus. online resource.
  abstract: 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 abandoning the methods of mainstream economics and to apply instead the methods by which Claude E. Shannon analyzed 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 capable to describe economic evolution mathematically. As economic processes are non-stationary, the author first clarifies how the Shannon system must be reshaped into one capable of describing economic evolutions mathematically. Deriving the universal relations between input, output, the economic growth rate, inflation and money flow involves applying differential sets of selection, Venn diagrams, bitpulses as units of selection and the probability distributions of bitpulses. This is a thought-provocative and highly informative book of which the explanatory power goes far beyond that of traditional economics. It should be on the readers list of everyone concerned with the weal and woe of economic theorizing.
  table of contents: Darwin- and Shannon-Inspired Dynamic Economic Selection -- Sets of Entropy, Selection, Venn Diagrams and Bitpulses -- The Road from Generalized Darwinism to Evolvodynamics -- Exchange and the Circulation of Entropy -- The Interpretation of the Economic Variables -- Money and Liquidity, Time, Work and Effectiveness -- Calculation -- Theory and Confirmation -- Appendices.
  note: by Len H. Wallast.
  subject:
    topic: Game theory
  subject:
    topic: Sociophysics
  subject:
    topic: Econophysics
  subject:
    topic: Complexity, Computational
  subject:
    topic: Economic theory
  subject:
    topic: Macroeconomics
  subject:
    topic: Economic growth
  subject:
    topic: Economics
  subject:
    topic: Economic Growth
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  subject:
    topic: Socio- and Econophysics, Population and Evolutionary Models
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Game Theory, Economics, Social and Behav. Sciences
  subject:
    topic: Complexity
  classification: HD72-88
  classification: 338.9
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: Lecture Notes in Economics and Mathematical Systems, 665
  identifier: 9783642340567
  identifier: http://dx.doi.org/10.1007/978-3-642-34056-7
  record info:
    record creation date: 130321
    record change date: 20151204165909.0
    record identifier: 978-3-642-34056-7