Evolution of Economic Diversity

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Barter System
Category=KCA
Cognitive Evolution
Coital Frequency
Commodity Money System
contracts
Coordination Games
correlated
cultural selection
Decentralized Exchange System
Dicrocoelium Dendriticum
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
equilibria
equilibrium
equilibrium selection
Ergodic Distribution
evolutionary
Evolutionary Game Theory
evolutionary models in social sciences
Fiat Money
Fiat Money System
game
Gift System
incomplete
Incomplete Contract Framework
Incomplete Contracts
institutional economics
Molecular Biology Revolution
nash
Nash Equilibria
Network Size
organisational evolution
Organizational Equilibria
path dependence
Path Dependent Learning
selection
social network analysis
Stag Hunt
Stochastically Stable
Sub-game Perfect Nash Equilibrium
theory
Trust Equilibrium
Vice Versa

Product details

  • ISBN 9780415865531
  • Weight: 860g
  • Dimensions: 156 x 234mm
  • Publication Date: 15 Jan 2014
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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The traditional role of evolutionary theory in the social sciences has been to explain the existence of an object in terms of the survival of the fittest. In economics this approach has acted as a justification for hypotheses such as profit maximisation, or the existence of institutions in terms of their overall efficiency. This volume challenges that view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements that has characterised human societies.