Evolvodynamics - The Mathematical Theory of Economic Evolution (Record no. 51107)

000 -LEADER
fixed length control field 03787nam a22005655i 4500
001 - CONTROL NUMBER
control field 978-3-642-34056-7
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20200420211748.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 130321s2013 gw | s |||| 0|eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN 9783642340567
-- 978-3-642-34056-7
082 04 - CLASSIFICATION NUMBER
Call Number 338.9
100 1# - AUTHOR NAME
Author Wallast, Len H.
245 10 - TITLE STATEMENT
Title Evolvodynamics - The Mathematical Theory of Economic Evolution
Sub Title A Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth /
300 ## - PHYSICAL DESCRIPTION
Number of Pages VIII, 279 p. 23 illus.
490 1# - SERIES STATEMENT
Series statement Lecture Notes in Economics and Mathematical Systems,
505 0# - FORMATTED CONTENTS NOTE
Remark 2 Darwin- 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 ## - SUMMARY, ETC.
Summary, etc 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 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.
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://dx.doi.org/10.1007/978-3-642-34056-7
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Koha item type eBooks
264 #1 -
-- Berlin, Heidelberg :
-- Springer Berlin Heidelberg :
-- Imprint: Springer,
-- 2013.
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-- computer
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-- rdamedia
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-- online resource
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-- text file
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650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Game theory.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Sociophysics.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Econophysics.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Complexity, Computational.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Economic theory.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Macroeconomics.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Economic growth.
650 14 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Economics.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Economic Growth.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Economic Theory/Quantitative Economics/Mathematical Methods.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Socio- and Econophysics, Population and Evolutionary Models.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Macroeconomics/Monetary Economics//Financial Economics.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Game Theory, Economics, Social and Behav. Sciences.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Complexity.
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
-- 0075-8442 ;
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