The Evolutionary Origins of Markets

The Evolutionary Origins of Markets PDF Author: Rojhat Avşar
Publisher: Routledge
ISBN: 135117374X
Category : Business & Economics
Languages : en
Pages : 182

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Book Description
Our elaborate market exchange system owes its existence not to our calculating brain or insatiable self-centeredness, but rather to our sophisticated and nuanced human sociality and to the inherent rationality built into our emotions. The modern economic system is helped a lot more than hindered by our innate social instincts that support our remarkable capacity for building formal and informal institutions. The book integrates the growing body of experimental evidence on human nature scattered across a variety of disciplines from experimental economics to social neuroscience into a coherent and original narrative about the extent to which market (or impersonal exchange) relations are reflective of the basic human sociality that was originally adapted to a more tribal existence. An accessible resource, this book will appeal to students of all areas of economics, including Behavioral Economics and Neuro-Economics, Microeconomics, and Political Economy.

The Evolutionary Origins of Markets

The Evolutionary Origins of Markets PDF Author: Rojhat Avşar
Publisher: Routledge
ISBN: 135117374X
Category : Business & Economics
Languages : en
Pages : 182

Get Book Here

Book Description
Our elaborate market exchange system owes its existence not to our calculating brain or insatiable self-centeredness, but rather to our sophisticated and nuanced human sociality and to the inherent rationality built into our emotions. The modern economic system is helped a lot more than hindered by our innate social instincts that support our remarkable capacity for building formal and informal institutions. The book integrates the growing body of experimental evidence on human nature scattered across a variety of disciplines from experimental economics to social neuroscience into a coherent and original narrative about the extent to which market (or impersonal exchange) relations are reflective of the basic human sociality that was originally adapted to a more tribal existence. An accessible resource, this book will appeal to students of all areas of economics, including Behavioral Economics and Neuro-Economics, Microeconomics, and Political Economy.

Reinventing the Bazaar: A Natural History of Markets

Reinventing the Bazaar: A Natural History of Markets PDF Author: John McMillan
Publisher: W. W. Norton & Company
ISBN: 0393323714
Category : Business & Economics
Languages : en
Pages : 289

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Book Description
McMillan takes readers on a lively tour, from the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the world's post-communist economies.

Free People, Free Markets

Free People, Free Markets PDF Author: Ralph L. Bayrer
Publisher: New Academia Publishing, LLC
ISBN: 0982386745
Category : Business & Economics
Languages : en
Pages : 486

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Book Description
"Relying on thorough scholarship and clarity of argument, Bayrer makes the compelling case that mankind's progress in the last millennium rests on a narrow foundation of freedom, a lesson people forget at their peril."--John McCain, U.S. senator.

Mothers and Others

Mothers and Others PDF Author: Sarah Blaffer Hrdy
Publisher: Harvard University Press
ISBN: 0674659953
Category : Social Science
Languages : en
Pages : 433

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Book Description
Somewhere in Africa, more than a million years ago, a line of apes began to rear their young differently than their Great Ape ancestors. From this new form of care came new ways of engaging and understanding each other. How such singular human capacities evolved, and how they have kept us alive for thousands of generations, is the mystery revealed in this bold and wide-ranging new vision of human emotional evolution. Mothers and Others finds the key in the primatologically unique length of human childhood. If the young were to survive in a world of scarce food, they needed to be cared for, not only by their mothers but also by siblings, aunts, fathers, friends—and, with any luck, grandmothers. Out of this complicated and contingent form of childrearing, Sarah Hrdy argues, came the human capacity for understanding others. Mothers and others teach us who will care, and who will not. From its opening vision of “apes on a plane”; to descriptions of baby care among marmosets, chimpanzees, wolves, and lions; to explanations about why men in hunter-gatherer societies hunt together, Mothers and Others is compellingly readable. But it is also an intricately knit argument that ever since the Pleistocene, it has taken a village to raise children—and how that gave our ancient ancestors the first push on the path toward becoming emotionally modern human beings.

The Origin of Wealth

The Origin of Wealth PDF Author: Eric D. Beinhocker
Publisher: Harvard Business Press
ISBN: 9781578517770
Category : Business & Economics
Languages : en
Pages : 556

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Book Description
Beinhocker has written this work in order to introduce a broad audience to what he believes is a revolutionary new paradigm in economics and its implications for our understanding of the creation of wealth. He describes how the growing field of complexity theory allows for evolutionary understanding of wealth creation, in which business designs co-evolve with the evolution of technologies and organizational innovations. In addition to giving his audience a tour of this field of complexity economics, he discusses its implications for real-world issues of business.

Markets and Market Institutions

Markets and Market Institutions PDF Author: Mark Casson
Publisher:
ISBN: 9781784712976
Category : Capital market
Languages : en
Pages :

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Book Description


Hayek and the Evolution of Capitalism

Hayek and the Evolution of Capitalism PDF Author: Naomi Beck
Publisher: University of Chicago Press
ISBN: 022655614X
Category : History
Languages : en
Pages : 191

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Book Description
Few economists can claim the influence—or fame—of F. A. Hayek. Winner of the Nobel Prize, Hayek was one of the most consequential thinkers of the twentieth century, his views on the free market echoed by such major figures as Ronald Reagan and Margaret Thatcher. Yet even among those who study his work in depth, few have looked closely at his use of ideas from evolutionary science to advance his vision of markets and society. With this book Naomi Beck offers the first full-length engagement with Hayek’s thought from this perspective. Hayek argued that the capitalism we see in advanced civilizations is an unintended consequence of group selection—groups that adopted free market behavior expanded more successfully than others. But this attempt at a scientific grounding for Hayek’s principles, Beck shows, fails to hold water, plagued by incoherencies, misinterpretations of the underlying science, and lack of evidence. As crises around the globe lead to reconsiderations of the place of capitalism, Beck’s excavation of this little-known strand of Hayek’s thought—and its failure—is timely and instructive.

Blueprint

Blueprint PDF Author: Nicholas A. Christakis
Publisher: Little, Brown Spark
ISBN: 0316230057
Category : Science
Languages : en
Pages : 493

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Book Description
"A dazzlingly erudite synthesis of history, philosophy, anthropology, genetics, sociology, economics, epidemiology, statistics, and more" (Frank Bruni, The New York Times), Blueprint shows why evolution has placed us on a humane path -- and how we are united by our common humanity. For too long, scientists have focused on the dark side of our biological heritage: our capacity for aggression, cruelty, prejudice, and self-interest. But natural selection has given us a suite of beneficial social features, including our capacity for love, friendship, cooperation, and learning. Beneath all of our inventions -- our tools, farms, machines, cities, nations -- we carry with us innate proclivities to make a good society. In Blueprint, Nicholas A. Christakis introduces the compelling idea that our genes affect not only our bodies and behaviors, but also the ways in which we make societies, ones that are surprisingly similar worldwide. With many vivid examples -- including diverse historical and contemporary cultures, communities formed in the wake of shipwrecks, commune dwellers seeking utopia, online groups thrown together by design or involving artificially intelligent bots, and even the tender and complex social arrangements of elephants and dolphins that so resemble our own -- Christakis shows that, despite a human history replete with violence, we cannot escape our social blueprint for goodness. In a world of increasing political and economic polarization, it's tempting to ignore the positive role of our evolutionary past. But by exploring the ancient roots of goodness in civilization, Blueprint shows that our genes have shaped societies for our welfare and that, in a feedback loop stretching back many thousands of years, societies are still shaping our genes today.

Adaptive Markets

Adaptive Markets PDF Author: Andrew W. Lo
Publisher: Princeton University Press
ISBN: 069119680X
Category : Business & Economics
Languages : en
Pages : 503

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Book Description
A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist—the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo’s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.

Capitalism

Capitalism PDF Author: Bruce R. Scott
Publisher: Springer Science & Business Media
ISBN: 1461418798
Category : Business & Economics
Languages : en
Pages : 690

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Book Description
Two systems of governance, capitalism and democracy, prevail in the world today. Operating simultaneously in partially distinct domains, these systems rely on indirect governance through regulated competition to coordinate actors; inevitably, these systems influence and transform each other. This book rejects the simple equation of capitalism with markets in favor of a three-level system, a model which recognizes that markets are administered by regulators through institutions and governed by a political authority with the power to regulate behavior, punish transgressors, and redesign institutions. This system's emergence required the sovereign to relinquish some power in order to release the energies of economic actors. Rather than spreading through an unguided natural process like trade, capitalism emerged where competitive pressures forced political authorities to take risks in order to achieve increased revenues by permitting markets for land, labor, and capital.