The Microeconomics of Complex Economies: Evolutionary, Institutional, and Complexity Perspectives

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9780124115859: The Microeconomics of Complex Economies: Evolutionary, Institutional, and Complexity Perspectives
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"Elsner, Schwardt and Heinrich define the very starting point of microeconomics as the investigation of agents' coordination and conflict under conditions of interdependence and uncertainty. As such, the book provides a long overdue and immensely rich complement to the standard curriculum." --Rudiger von Arnim, University of Utah "Neoclassical economics created a utopian economy, which is far from the industrial reality. Wolfram Elsner, Torsten Heinrich, and Henning Schwardt's new textbook, The Microeconomics of Complex Economies, provides a better framework for understanding contemporary issues such as information, innovation, network, hierarchy, and varieties of capitalism from a new perspective of complexity and evolution. Economic students and policy makers can gain a lot of insight from this timely textbook after having experienced the 2008 Financial Crisis." --Ping Chen, Peking University and Fudan University

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The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. * Describes the usefulness of complex heterodox economics* Emphasizes divergences and convergences with neoclassical economic theories and perspectives* Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

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Elsner, Wolfram; Schwardt, Henning; Heinrich, Torsten
Verlag: Oxford Elsevier LTD Mai 2014 (2014)
ISBN 10: 0124115853 ISBN 13: 9780124115859
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Buchbeschreibung Oxford Elsevier LTD Mai 2014, 2014. Buch. Buchzustand: Neu. 241x195x35 mm. Neuware - The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. 566 pp. Englisch. Artikel-Nr. 9780124115859

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