Microfoundations of Evolutionary Economics

• Main Authors: Shiozawa, Yoshinori (Author, http://id.loc.gov/vocabulary/relators/aut), Morioka, Masashi (http://id.loc.gov/vocabulary/relators/aut), Taniguchi, Kazuhisa (http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Tokyo : Springer Japan : Imprint: Springer, 2019.
• Edition: 1st ed. 2019.
• Series: Evolutionary Economics and Social Complexity Science, 15
• Subjects: Economic theory.; Economic policy.; Economics.; Microeconomics.; Economic history.; Economic Theory/Quantitative Economics/Mathematical Methods.; Political Economy/Economic Systems.; History of Economic Thought/Methodology.

This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and q...

Table of Contents:

• Chapter 1: Microfoundations of Evolutionary Economics
• Chapter 2: A large Economic System with Minimally Rational Agents
• Chapter 3: The Basic Theory of Quantity Adjustment
• Chapter 4: Dynamic Properties of Quantity Adjustment Process under Demand Forecast Formed by a Moving Average of Past Demands
• Chapter 5: Extensions of Model Analysis of the Quantity Adjustment Process in Several Directions
• Chapter 6: Significance of Non-Linearity and Many Goods Models
• Chapter 7: Exchange and Arbitrage: Price, Evaluation and the Principle of Exchange.