TY  - BOOK
AU  - Wallast,Len H.
TI  - Evolvodynamics - the mathematical theory of economic evolution: a coherent way of interpreting time, scarceness, value and economic growth 
T2  - Lecture notes in economics and mathematical systems
SN  - 9783642340550
U1  - 330.0151 23
PY  - 2013///
CY  - Berlin
PB  - Springer-Verlag
KW  - Mathematical Economics.
N1  - 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
N2  - 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.
ER  -