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Author: Michel Bellet
Publisher: Routledge
ISBN: 1134373139
Category : Business & Economics
Languages : en
Pages : 602
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Book Description
This impressive volume centres on the relationship between Austrian and Swedish economics. Exploring themes such as capital theory, expectations, policy, market theory and the history of economic thought, this book makes for an interesting read. It will appeal across a wide range of disciplines within economics as well as the philosophy of social s
Author: Michel Bellet
Publisher: Routledge
ISBN: 1134373139
Category : Business & Economics
Languages : en
Pages : 602
Get Book Here
Book Description
This impressive volume centres on the relationship between Austrian and Swedish economics. Exploring themes such as capital theory, expectations, policy, market theory and the history of economic thought, this book makes for an interesting read. It will appeal across a wide range of disciplines within economics as well as the philosophy of social s
Author: Michel Bellet
Publisher: Routledge
ISBN: 1134373147
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
This impressive volume centres on the relationship between Austrian and Swedish economics. Exploring themes such as capital theory, expectations, policy, market theory and the history of economic thought, this book makes for an interesting read. It will appeal across a wide range of disciplines within economics as well as the philosophy of social science.
Author: Ulrich Witt
Publisher: Springer Science & Business Media
ISBN: 364250065X
Category : Business & Economics
Languages : en
Pages : 122
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Book Description
Evolutionary economics is the most challenging unorthodox approach to economic theory that has been developed in the last decades. The present volume offers a survey as well as a carefully selected sample of important new insights from a broad range of topics in economics: - the dynamics of institutional change - aggregate employment effects of diffusing innovations - institutional regimes of long run growth - indeterminaciesresulting expectation formation in the economy - the synergetic approach and its application to market morphology. The volume documentsa variety of modeling tools in evolutionary economics and offers a series ofstimulating hypotheses and research results. Its reading is a `must' for all scholars with an interest in economic change.
Author: Mateusz Machaj
Publisher: Routledge
ISBN: 1000412849
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
Neoclassical economics has been criticized from various angles by orthodox schools. The same can be said about its particular branch: the theory of the firm. This book demonstrates how a successful theory of the firm can be presented without flawed notions of a neoclassical framework and used to comprehend actual business history. The author argues that we should start from the assumption that businesses are inevitably imponderable, as that is their nature, in the process of economic evolution. The book offers an in-depth exploration of neoclassical limitations by examining each of the small details associated with the famous MR = MC rule. It follows a step-by-step approach, which starts off with neoclassical assumptions and then moves into more empirically sound theory, based on modeling logic and rooted in real world examples. The author presents a novel discussion on the size of the firm, both in terms of classifying a firm’s expansion and about the factors that limit the size of the firm and argues how formal pricing theory can be built using more indeterminate assumptions about firms. Further, there is a discussion on how firms are rooted in amorphous industries, which helps to explain economic progress better by emphasizing the importance of economic experiments, mistakes and bankruptcies. This is a valuable reference for scholars and researchers who are interested in a range of topics from microeconomics, through pricing theory to industrial organization, history of economic thought and managerial economics.
Author: Paul Geroski
Publisher: Oxford University Press
ISBN: 0199248893
Category : Business & Economics
Languages : en
Pages : 234
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Book Description
How do markets evolve? Why are some innovations picked up straightaway whilst others take years to be commercialized? Are there first-mover advantages? Why do we behave with 'irrational exuberance' in the early evolution of markets as was the case with the dot.com boom?Paul Geroski is a leading economist who has taught economics to business school students, managers, and executives at the London Business School. In this book he explains in a refreshingly clear style how markets develop. In particular he stresses how the early evolution of markets can significantly shape their later development and structure. His purpose is to show how a good grasp of economics can improve managers' business and investment decisions. Whilst using the development of theInternet as a case in point, Geroski also refers to other sectors and products, for example cars, television, mobile phones, and personal computers.This short book is an ideal introduction for managers, MBA students, and the general reader wanting to understand how markets evolve.
Author: Elbert V. Bowden
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
Author: Jean-Michel Courtault
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We construct a simple trading process that is based on the maximization, at each stage, of the total distributable surplus. We show that this process converges to a Pareto optimal allocation. Keywords and Phrases: Trading process, Distributable surplus, Benefit function.
Author: Peter J. Boettke, Professor, George Mason University
Publisher: Rowman & Littlefield
ISBN: 1786602024
Category : Political Science
Languages : en
Pages : 302
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Book Description
This volume brings together original research from the Austrian, Virginia, and Bloomington schools of political economy to analyse central elements of market process and market order.
Author: Ulrich Witt
Publisher: University of Michigan Press
ISBN: 9780472102914
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
International experts discuss new applications for evolutionary economics
Author: Pierre Garrouste
Publisher: Edward Elgar Publishing
ISBN: 9781781950227
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
Since the 1980s there has been a renewed interest in attempts to introduce a sense of history into economic literature. In this text, the authors argue that it is not possible to explain a state of the world without first analyzing the processes that lead to that state.
