steady state. This out-of-equilibrium approach is not a minor adjunct to standard economic theory; it is economics done in a …Standard neoclassical economics asks what agents' actions, strategies, or expectations are in equilibrium with … (consistent with) the outcome or pattern these behaviors aggregatively create. Agent-based computational economics enables us to …

Economics (AFEE) on corruption. The structure of the book starts with two chapters on the principles of institutional and …

Theory, Oxford: Oxford University Press -- Witt, U. (2008), "What is Specific About Evolutionary Economics?" Journal of … Evolutionary Economics, 18, 547-575 -- Schumpeter, J.A. (1934[1912]), Theory of Economic Development, Cambridge, MA: Harvard … Theory of the Firm", American Economic Review, 42, 804-819 -- Friedman, M. (1953), "The Methodology of Positive Economics …

-century United States and Germany -- pt. III. The strategy of failure : late twentieth-century deindustrialization and the economics …

This book aims to explain briefly the essential features of the founding theories of economics, and compare them with … branches of economics. Over time, these economic theories have been gradually updated, but this updating has not necessarily … universal rationality, then the core of the theory remained. The ideas of systems science were therefore increasingly less …