The New Evolutionary Microeconomics – Complexity, Competence and Adaptive Behaviour

Blurb

Potts (economics, University of Queensland) proposes evolutionary microeconomics as a synthesis of the collective schools of heterodox economic thought with complex systems theory and graph theory. He charts a research program for evolutionary economics that encompasses the theory of dynamic efficiency and emergence in markets, a computational model of the learning and interacting agent, a competence-based theory of the firm and the household, and an agent- based foundation to macroeconomics. He argues for a radical refocus of microeconomic research toward the evolutionary nature of institutions, preferences, technology, and knowledge. Of interest to those in evolutionary and computational economics, managerial economics, business studies, and marketing. Annotation copyrighted by Book News Inc., Portland, OR