
The New Evolutionary Microeconomics: Complexity, Competence and Adaptive Behaviour
Author(s): Jason Potts (Author)
- Publisher: Edward Elgar Publishing Ltd
- Publication Date: 26 Oct. 2001
- Language: English
- Print length: 256 pages
- ISBN-10: 1840648953
- ISBN-13: 9781840648959
Book Description
The book charts a research programme for evolutionary economics that encompasses the theory of dynamic efficiency and emergence in markets, a computational model of the learning and interacting agent, a competence based theory of the firm and the household, and, via a theory of expectations and plans, an agent-based foundation to macroeconomics.
Principally a work of meta-theory, The New Evolutionary Microeconomics argues for a radical refocus of microeconomic research toward the evolutionary nature of institutions, preferences, technology and knowledge.
This challenging new book should prove timely and important for evolutionary and computational economists as well as those in the fields of managerial economics, business studies and marketing.
Editorial Reviews
Review
‘The New Evolutionary Microeconomics
is a work of unusually broad and often deep scholarship, tackling a very big issue and dealing with it forcefully. This book is nothing less than a fundamental critique of the very basis of neoclassical microeconomics, and a proposal for the structure of a new “evolutionary” theory. It made for fascinating reading and I hope and expect we will hear more of Jason Potts and his research programme.’ — Tim Hazeldine, University of Auckland, New Zealand ‘Jason Potts has written an ambitious and excellent book on the micro foundations of evolutionary economics. He has covered a wide range of literature and integrated the diverse strands into a coherent argument. It is a carefully crafted piece of work.’ — Stan Metcalfe, University of Manchester, UK ‘I think this is a very good book . . . Potts writes very, very well and some of his exposition of technical points and issues is spectacularly good.’ — Richard R. Nelson, Columbia University, US ‘This is a well structured, well written and imaginative book. It connected very effectively with my own ways of thinking while providing enlightening new perspectives and indeed substantive novelty. My recent writing would have been better had I been able to read this book first, and if my future writing is not better as a result of reading it that will be my fault.’ — Brian J. Loasby, University of Stirling, UK
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