Evolvodynamics - the mathematical theory of economic evolution : a coherent way of interpreting time, scarceness, value and economic growth / Len H.Wallast.

Includes bibliographical references and index.

1. Darwin- and Shannon-inspired dynamic economic selection --
2. Sets of entropy, selection, Venn diagrams and bitpulses --
3. The road from generalized Darwinism to evolvodynamics --
4. Blind and purposeful selection --
5. Exchange and the circulation of entropy --
6. The interpretation of the economic variables --
7. Money and liquidity, time, work and effectiveness --
8. Calculation --
9. Theory and confirmation--
Appendices--
About the Author--
Consulted Bibliography--
Index.

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. This involves the abandonment and trade-in of mainstream economics for the mathematics Claude E. Shannon used to describe 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 capa.