000			01936nam a22002415a 4500
001			136272
003			ISI Library, Kolkata
005			20151103130327.0
008			130228s2013 nyu 000 0 eng
020			_a9783642340550
040			_aISI Library
082	0	4	_a330.0151 _223 _bW195
100	1		_aWallast, Len H.
245	1	0	_aEvolvodynamics - the mathematical theory of economic evolution : _ba coherent way of interpreting time, scarceness, value and economic growth / _cLen H.Wallast.
260			_aBerlin : _bSpringer-Verlag, _c2013.
300			_aviii, 279 p. : _billustrations ; _c24 cm.
490	0		_aLecture notes in economics and mathematical systems ; _v665
504			_aIncludes bibliographical references and index.
505	0		_a1. 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.
520			_aDissatisfied 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.
650		0	_aMathematical Economics.
942			_2ddc _cBK
999			_c419436 _d419436