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001 sulb-eb0024309
003 BD-SySUS
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008 130321s2013 gw | s |||| 0|eng d
020 _a9783642340567
_9978-3-642-34056-7
024 7 _a10.1007/978-3-642-34056-7
_2doi
050 4 _aHD72-88
072 7 _aKCG
_2bicssc
072 7 _aBUS068000
_2bisacsh
082 0 4 _a338.9
_223
100 1 _aWallast, Len H.
_eauthor.
245 1 0 _aEvolvodynamics - The Mathematical Theory of Economic Evolution
_h[electronic resource] :
_bA Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth /
_cby Len H. Wallast.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2013.
300 _aVIII, 279 p. 23 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aLecture Notes in Economics and Mathematical Systems,
_x0075-8442 ;
_v665
505 0 _aDarwin- and Shannon-Inspired Dynamic Economic Selection -- Sets of Entropy, Selection, Venn Diagrams and Bitpulses -- The Road from Generalized Darwinism to Evolvodynamics -- Exchange and the Circulation of Entropy -- The Interpretation of the Economic Variables -- Money and Liquidity, Time, Work and Effectiveness -- Calculation -- Theory and Confirmation -- Appendices.
520 _aDissatisfied with the flaws of orthodox economics, the author proposes to base economic theory on the three principles of Darwinian evolution (variation, inheritance, selection). Pursuing a suggestion of E.T. Jaynes of 1991, the innovation is in treating economic behavior as chance events of selection. This involves abandoning the methods of mainstream economics and to apply instead the methods by which Claude E. Shannon analyzed information transport over a stationary channel. As economic processes are non-stationary, the author clarifies first how the Shannon-system must be reshaped in a system capable to describe economic evolution mathematically. As economic processes are non-stationary, the author first clarifies how the Shannon system must be reshaped into one capable of describing economic evolutions mathematically. Deriving the universal relations between input, output, the economic growth rate, inflation and money flow involves applying differential sets of selection, Venn diagrams, bitpulses as units of selection and the probability distributions of  bitpulses. This is a thought-provocative and highly informative book of which the explanatory power goes far beyond that of traditional economics. It should be on the readers list of everyone concerned with the weal and woe of economic theorizing.
650 0 _aGame theory.
650 0 _aSociophysics.
650 0 _aEconophysics.
650 0 _aComplexity, Computational.
650 0 _aEconomic theory.
650 0 _aMacroeconomics.
650 0 _aEconomic growth.
650 1 4 _aEconomics.
650 2 4 _aEconomic Growth.
650 2 4 _aEconomic Theory/Quantitative Economics/Mathematical Methods.
650 2 4 _aSocio- and Econophysics, Population and Evolutionary Models.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aGame Theory, Economics, Social and Behav. Sciences.
650 2 4 _aComplexity.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642340550
830 0 _aLecture Notes in Economics and Mathematical Systems,
_x0075-8442 ;
_v665
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-34056-7
912 _aZDB-2-SBE
942 _2Dewey Decimal Classification
_ceBooks
999 _c46401
_d46401