Evolutionary economics

By:

Aruka, Yuji

Material type: Text

TextSeries: Springer Texts in Business and Economics (STBE)Publication details: Springer Singapore 2024Description: xvi, 328 pISBN:

9789819713813

Subject(s):

Business--Economics

DDC classification:

330.1 ARU

Summary: This textbook presents a new way to visualize or imagine the evolutionary architecture of economics, to judge both its practical outcomes and its ultimate value. Evolutionary economics employs an Aristotelian architecture. The cognitive value of this imagination[H1] must be directly relevant to the evolutionary theory and practice of designing the architecture of the economic system. Mainstream economics completely ignores design value in order to concentrate on the ideal, Platonic vision of the economy. The current system is no longer one that converges on a constant entity, because the system is constantly evolving. The advent of the digital economy is an indispensable next step, and computational power and algorithmic rationality are increasingly dominating the economic system—and complicating it. In today’s society, neither fault nor malice matters in the algorithmic or human system. There is little room left for the effective working of human reason. Correspondingly, the meanings of money, exchange, the market system, auctions, production, consumption, and the currency transaction system are poised to change. In most cases, there will be digital counterparts. A smart contract tied together with DLT, for example, makes it possible to design an economically well-behaved peer-to-peer (P2P) system, which ranges from the micromarket to the international currency transaction system. The introduction of this technology and its architectural design may suggest what a truly decentralized future entails. This change may also bring about a new understanding of existing social consensus and practice. Thus, the implementation of these considerations naturally leads to a new style of chapter structuring in this book, from the classical analytical approach to exploring computational methods and digital tools: in many cases, the problems presented in each chapter are combined with discussions of a respective computational method and its practical value. (https://link.springer.com/book/10.1007/978-981-97-1382-0)

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Public Policy & General Management		1	Available		008465

Table of contents:
Critical Assessments of Economics
Front Matter
Pages 1-1
Download chapter PDF
The Role of Money
Yuji Aruka
Pages 3-18
A Critical Assessment of Pure Economics
Yuji Aruka
Pages 19-35
Redomaining Equilibrium Economics
Yuji Aruka
Pages 37-56
Interpreting the Iterated Dilemma Games by Using the Presentation Like “Cellular Automatons”
Yuji Aruka
Pages 57-72
Evolution of Economics
Front Matter
Pages 73-73
Download chapter PDF
The Evolution of Molecule System and the Systemic Risks
Yuji Aruka
Pages 75-92
A Measure of Systemic Risk Derived from the Input-Output Table
Yuji Aruka
Pages 93-109
Alternative Developing Tools for Economics
Yuji Aruka
Pages 111-133
Evolutionary Reconstruction of Economics
Front Matter
Pages 135-135
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The Reconstruction of the Theory of Production and Preference
Yuji Aruka
Pages 137-160
Choice Axioms and a Geometrical Analysis of Rankings
Yuji Aruka
Pages 161-175
The Evolution of Exchange Process
Yuji Aruka
Pages 177-197
A Theory of International Trade
Yuji Aruka
Pages 199-228
Elementary Stochastic Methods for Economics
Front Matter
Pages 229-229
Download chapter PDF
Elementary Tools for Stochasitc Analysis
Yuji Aruka
Pages 231-260
Stochastic Methods from the Simplest Transaction Dynamics to the Complex Networks
Yuji Aruka
Pages 261-291
Statistical Approach on the Economic System
Yuji Aruka
Pages 293-320

[https://link.springer.com/book/10.1007/978-981-97-1382-0]

This textbook presents a new way to visualize or imagine the evolutionary architecture of economics, to judge both its practical outcomes and its ultimate value. Evolutionary economics employs an Aristotelian architecture. The cognitive value of this imagination[H1] must be directly relevant to the evolutionary theory and practice of designing the architecture of the economic system. Mainstream economics completely ignores design value in order to concentrate on the ideal, Platonic vision of the economy. The current system is no longer one that converges on a constant entity, because the system is constantly evolving. The advent of the digital economy is an indispensable next step, and computational power and algorithmic rationality are increasingly dominating the economic system—and complicating it.

In today’s society, neither fault nor malice matters in the algorithmic or human system. There is little room left for the effective working of human reason. Correspondingly, the meanings of money, exchange, the market system, auctions, production, consumption, and the currency transaction system are poised to change. In most cases, there will be digital counterparts. A smart contract tied together with DLT, for example, makes it possible to design an economically well-behaved peer-to-peer (P2P) system, which ranges from the micromarket to the international currency transaction system. The introduction of this technology and its architectural design may suggest what a truly decentralized future entails.

This change may also bring about a new understanding of existing social consensus and practice. Thus, the implementation of these considerations naturally leads to a new style of chapter structuring in this book, from the classical analytical approach to exploring computational methods and digital tools: in many cases, the problems presented in each chapter are combined with discussions of a respective computational method and its practical value.

(https://link.springer.com/book/10.1007/978-981-97-1382-0)

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