The Microeconomics of Complex Economies

Evolutionary, Institutional, Neoclassical, and Complexity Perspectives

Business & Finance, Economics, Microeconomics
Cover of the book The Microeconomics of Complex Economies by Wolfram Elsner, Torsten Heinrich, Henning Schwardt, Elsevier Science
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Author: Wolfram Elsner, Torsten Heinrich, Henning Schwardt ISBN: 9780124115996
Publisher: Elsevier Science Publication: April 15, 2014
Imprint: Academic Press Language: English
Author: Wolfram Elsner, Torsten Heinrich, Henning Schwardt
ISBN: 9780124115996
Publisher: Elsevier Science
Publication: April 15, 2014
Imprint: Academic Press
Language: English

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
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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