This book combines modern evolutionary economics and classical
political economy. Modern evolutionary economics with its
pluralistic and contingent view of reproduction does not presuppose
equilibrium or harmonious reproduction. A society that consists of
multiple agents needs to establish an order from the interactions
of those agents. The book introduces a normative and a practical
dimension where mutual justification occurs through the act of
exchange. Mutual justification ultimately leads to the emergence of
social and economic order, an approach that the author dubs
"approval theory." The division of labor proceeds alongside the
emergence of money and capital, and the book discusses the dual
structure of the real and financial economy that is the
consequence. It then interprets collective action using the twin
concept of voice and exit and proposes the concept of evolutionary
governance to explain the politico-economic aspects of the social
economy. As such, this book shows the promising direction in which
the modern political economy is now proceeding, in accordance with
the contingent process of evolutionary reproduction. Further, two
collaborating authors supply a game-theoretical interpretation of
approval theory and an exploration of the evolution of dynamical
systems, respectively.
General
Imprint: |
Springer Verlag,Japan
|
Country of origin: |
Japan |
Series: |
Evolutionary Economics and Social Complexity Science, 20 |
Release date: |
March 2020 |
Editors: |
Kiichiro Yagi
|
Dimensions: |
235 x 155mm (L x W) |
Format: |
Hardcover - Cloth over boards
|
Pages: |
190 |
Edition: |
1st ed. 2020 |
ISBN-13: |
978-4-431-54997-0 |
Categories: |
Books >
Business & Economics >
Economics >
Political economy
|
LSN: |
4-431-54997-8 |
Barcode: |
9784431549970 |
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