Evolvodynamics - The Mathematical Theory of Economic Evolution A Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth /

• Main Author: Wallast, Len H. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2013.
• Series: Lecture Notes in Economics and Mathematical Systems, 665
• Subjects: Game theory.; Sociophysics.; Econophysics.; Complexity, Computational.; Economic theory.; Macroeconomics.; Economic growth.; Economics.; Economic Growth.; Economic Theory/Quantitative Economics/Mathematical Methods.; Socio- and Econophysics, Population and Evolutionary Models.; Macroeconomics/Monetary Economics//Financial Economics.; Game Theory, Economics, Social and Behav. Sciences.; Complexity.

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 selecti...