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Complexity and Evolution : Toward a New Synthesis for Economics

By: David S. Wilson Alan Kirman David S. Wilson Alan Kirman Rajiv Sethi John E. Mayfield Robert L. Axtell Iain Couzin Daniel Fricke Thorsten Hens Michael Hochberg Peter Schuster Paul W. Glimcher Herbert Gintis Terence C. Burnham Stephen Lea Adrian Bell Robert Kurzban Leonhard Lades Kevin McCabe Karthik Panchanathan Miriam Teschl Ulrich Witt Enrico Spolaore Romain Wacziarg Jenna Bednar John F. Padgett Thomas Currie Peter Turchin Peter J. Richerson Georg Schwesinger Sven Steinmo John J. Wallis Sander E. van der Leeuw Mariana Mazzucato David Colander Joshua M. Epstein Julia Chelen Scott E. Page John Gowdy Jeroen C.J.M. Van Den Bergh (Author)

Ksh 13,500.00
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Format(s): DRM PDF

ISBN-13: 9780262337717

Publisher: The MIT Press

Imprint: The MIT Press

Publication Date: September 23rd, 2016

Country of Publication: US

Language: English

Pages: 408

Physical Edition EAN: 9780262035385

Category: Economic theory & philosophy

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  • Author Bio

An exploration of how approaches that draw on evolutionary theory and complexity science can advance our understanding of economics.Two widely heralded yet contested approaches to economics have emerged in recent years: one emphasizes evolutionary theory in terms of individuals and institutions; the other views economies as complex adaptive systems. In this book, leading scholars examine these two bodies of theory, exploring their possible impact on economics. Relevant concepts from evolutionary theory drawn on by the contributors include the distinction between proximate and ultimate causation, multilevel selection, cultural change as an evolutionary process, and human psychology as a product of gene-culture coevolution. Applicable ideas from complexity theory include self-organization, fractals, chaos theory, sensitive dependence, basins of attraction, and path dependence. The contributors discuss a synthesis of complexity and evolutionary approaches and the challenges that emerge. Focusing on evolutionary behavioral economics, and the evolution of institutions, they offer practical applications and point to avenues for future research.ContributorsRobert Axtell, Jenna Bednar, Eric D. Beinhocker, Adrian V. Bell, Terence C. Burnham, Julia Chelen, David Colander, Iain D. Couzin, Thomas E. Currie, Joshua M. Epstein, Daniel Fricke, Herbert Gintis, Paul W. Glimcher, John Gowdy, Thorsten Hens, Michael E. Hochberg, Alan Kirman, Robert Kurzban, Leonhard Lades, Stephen E. G. Lea, John E. Mayfield, Mariana Mazzucato, Kevin McCabe, John F. Padgett, Scott E. Page, Karthik Panchanathan, Peter J. Richerson, Peter Schuster, Georg Schwesinger, Rajiv Sethi, Enrico Spolaore, Sven Steinmo, Miriam Teschl, Peter Turchin, Jeroen C. J. M. van den Bergh, Sander E. van der Leeuw, Romain Wacziarg, John J. Wallis, David S. Wilson, Ulrich Witt

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