000 | 03787nam a22005655i 4500 | ||
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001 | 978-3-642-34056-7 | ||
003 | DE-He213 | ||
005 | 20200420211748.0 | ||
007 | cr nn 008mamaa | ||
008 | 130321s2013 gw | s |||| 0|eng d | ||
020 |
_a9783642340567 _9978-3-642-34056-7 |
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024 | 7 |
_a10.1007/978-3-642-34056-7 _2doi |
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050 | 4 | _aHD72-88 | |
072 | 7 |
_aKCG _2bicssc |
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072 | 7 |
_aBUS068000 _2bisacsh |
|
082 | 0 | 4 |
_a338.9 _223 |
100 | 1 |
_aWallast, Len H. _eauthor. |
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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. |
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300 |
_aVIII, 279 p. 23 illus. _bonline resource. |
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336 |
_atext _btxt _2rdacontent |
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337 |
_acomputer _bc _2rdamedia |
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338 |
_aonline resource _bcr _2rdacarrier |
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347 |
_atext file _bPDF _2rda |
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490 | 1 |
_aLecture Notes in Economics and Mathematical Systems, _x0075-8442 ; _v665 |
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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 | _cEBK | ||
999 |
_c51107 _d51107 |