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steady state. This out-of-equilibrium approach is not a minor adjunct to standard economic theory; it is economics done in a …
Persistent link: https://www.econbiz.de/10014024373
. First, the authors look into the origins of the theory of money and its role for contemporary monetary economics. Second …
Persistent link: https://www.econbiz.de/10010199689
This paper tries to connect the theory of genetic algorithm (GA) learning to evolutionary game theory. It is shown that …
Persistent link: https://www.econbiz.de/10011526540
origins of the theory of money and its role in contemporary monetary economics. Second, he briefly discusses current … in agent-based models of the banking-macro nexus. -- 20th century origins of the theory of money ; Schumpeterian credit …
Persistent link: https://www.econbiz.de/10009683036
This text was written as part of the project "Modelling of Complex Systems for Public Policy". It reviews the classical authors who jointly contributed to establish the elements of what could constitute a "science of complexity". Based on the original writings of these authors, the text...
Persistent link: https://www.econbiz.de/10010462099
and can be understood with a descendant clusters theory. Evolution dramatically enhances the performance of a system in a … reducing quot;crowdednessquot; of agents' strategies and can be explained by a crowd-anticrowd theory …
Persistent link: https://www.econbiz.de/10012731227
This chapter sketches a strategic map of a selection of the relevant issues at the intersection of economics, psychology, sociology, and evolutionary theories applied to strategic management. It takes an evolutionary complexity perspective, based on a (manageable) selection of the relevant...
Persistent link: https://www.econbiz.de/10012759303
Evolutionary theories of economic change identify the processes of idiosyncratic learning by individual firms and of market selection as the two main drivers of the dynamics of industries. Are such processes able to account for the statistical regularities which industrial structures and...
Persistent link: https://www.econbiz.de/10012994674
This paper presents the family of the Keynes Schumpeter (K S, cf. Dosi et al, 2010, 2013, 2014) evolutionary agent-based models, which study the effects of a rich ensemble of innovation, industrial dynamics and macroeconomic policies on the long-term growth and short-run fluctuations of the...
Persistent link: https://www.econbiz.de/10013044166
evolutionary algorithms as the broadly applied search and optimisation technique based on Darwin’s theory of evolution and modern … systems, which in turn will contribute to significant progress in optimization theory. Contribution & Value Added: The article …
Persistent link: https://www.econbiz.de/10012515915