Evolvodynamics - the mathematical theory of economic evolution : a coherent way of interpreting time, scarceness, value and economic growth / Len H.Wallast.
Material type:
TextSeries: Lecture notes in economics and mathematical systems ; 665Publication details: Berlin : Springer-Verlag, 2013.Description: viii, 279 p. : illustrations ; 24 cmISBN: - 9783642340550
- 330.0151 23 W195
| Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|
| Books | ISI Library, Kolkata | 330.0151 W195 (Browse shelf(Opens below)) | Available | 136272 |
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| 330.0151 V779 Independence, additivity, uncertanity | 330.0151 V779 Independence, additivity, uncertainty / | 330.0151 V888 Advanced mathematical economics | 330.0151 W195 Evolvodynamics - the mathematical theory of economic evolution : | 330.0151 W436 Income, wealth, and the maximum principle | 330.0151 Y94 Mathematical economics: prelude to the neoclassical model/ | 330.01511352 H249 Recursive models of dynamic linear economies / |
Includes bibliographical references and index.
1. Darwin- and Shannon-inspired dynamic economic selection --
2. Sets of entropy, selection, Venn diagrams and bitpulses --
3. The road from generalized Darwinism to evolvodynamics --
4. Blind and purposeful selection --
5. Exchange and the circulation of entropy --
6. The interpretation of the economic variables --
7. Money and liquidity, time, work and effectiveness --
8. Calculation --
9. Theory and confirmation--
Appendices--
About the Author--
Consulted Bibliography--
Index.
Dissatisfied 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 the abandonment and trade-in of mainstream economics for the mathematics Claude E. Shannon used to describe 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 capa.
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