Evolvodynamics - The Mathematical Theory of Economic Evolution: A Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth (Lecture Notes in Economics and Mathematical Systems) by Len H. Wallast
English | ISBN: 3642340555 | 2013 | 240 pages | PDF | 2 MB
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.