Wolfram Elsner: The Microeconomics of Complex Economies, Gebunden

Beschreibung

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

Inhaltsangabe

Part I Basics of the Interdependent Economy and Its Processes (four chapters)
Part II Markets: General-Equilibrium Theory and Real-World Market Structures (3 chapters)
Part III Further Tools and the Analysis of Complex Economies (4 chapters)
Part IV History of Thought and Contemporary Models in Complexity Economics (3 chapters)
Part V Further Applications and Interactive Economic Policy (4 chapters)

Rezension

"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

Klappentext

An Introduction to the Microeconomics of Complexity 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 simulation packages 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 orthodox economic theories.