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

✍ Scribed by Wolfram Elsner, Henning Schwardt and Torsten Heinrich (Auth.)

• Publisher: Academic Press
• Year: 2015
• Tongue: English
• Leaves: 571
• Edition: 1
• Category: Library

✦ Synopsis

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

✦ Table of Contents

Content:
Front-matter, Pages i,iii
Copyright, Page iv
Dedication, Page v
Preface: A Complexity Microeconomics, “Post-Crisis”, Pages ix-xxi
Acknowledgments, Pages xxiii-xxiv
About the Authors, Page xxv
Didactics: How to Work with This Textbook at Introductory, Intermediate, and Advanced Levels, and in Different Kinds of Courses, Pages xxvii-xxix
List of Abbreviations, Page xxxi
Chapter 1 - Introduction to the Microeconomics of Complex Economies, Pages 3-23
Chapter 2 - Tools I: An Introduction to Game Theory, Pages 25-32
Chapter 3 - Problem Structures and Processes in Complex Economies, Pages 33-55
Chapter 4 - Approaching Real-World Interdependence and Complexity: Empirical Phenomena in the Global Economy, Pages 57-93
Chapter 5 - The Ideal Neoclassical Market and General Equilibrium, Pages 97-128
Chapter 6 - Critiques of the Neoclassical “Perfect Market” Economy and Alternative Price Theories, Pages 129-155
Chapter 7 - Real-World Markets: Hierarchy, Size, Power, and Oligopoly, Direct Interdependence and Instability, Pages 157-190
Chapter 8 - Tools II: More Formal Concepts of Game Theory and Evolutionary Game Theory, Pages 193-226
Chapter 9 - Tools III: An Introduction to Simulation and Agent-Based Modeling, Pages 227-249
Chapter 10 - A Universe of Economies: Interdependence and Complexity, System Trajectories, Chaos, and Self-Organization, Pages 251-276
Chapter 11 - Dynamics, Complexity, Evolution, and Emergence—The Roles of Game Theory and Simulation Methods, Pages 277-304
Chapter 12 - Themes of Complexity in the History of Economic Thought: Glimpses at A. Smith, T.B. Veblen, J.A. Schumpeter, and Others, Pages 307-362
Chapter 13 - Recent Core Models of Complexity Microeconomics, Pages 363-418
Chapter 14 - The Size Dimension of Complex Economies—Towards a Meso-Economics: The Size of Interaction Arenas and the Emergence of Meso-Platforms of Institutional Coordination, Pages 419-447
Chapter 15 - The Information Economy and the Open-Source Principle, Pages 451-471
Chapter 16 - Networks and Innovation—The Networked Firm, Innovation Systems, and Varieties of Capitalism, Pages 473-498
Chapter 17 - Policy Implications: New Policy Perspectives for Private Agents, Networks, Network Consultants, and Public Policy Agencies, Pages 499-527
Chapter 18 - How to Deal with Knowledge of Complexity Microeconomics: Theories, Empirics, Applications, and Actions, Pages 529-551
Index, Pages 553-566

✦ Subjects

Финансово-экономические дисциплины;Экономическая теория;Микроэкономика;