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Books > Earth & environment > The environment > Environmental economics
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Evolutionary Dynamics and Sustainable Development - A Systems Approach (Hardcover)
Loot Price: R3,315
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Evolutionary Dynamics and Sustainable Development - A Systems Approach (Hardcover)
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The strategic management of socio-economic systems is becoming
increasingly difficult with traditional economic models which are
unable to handle environmental and technological factors. In
Evolutionary Dynamics and Sustainable Development, Norman Clark,
Francisco Perez-Trejo and Peter Allen offer a new approach which
emphasizes the evolutionary nature of socio-economic systems. This
major book begins with a critical evaluation of conventional
economic approaches to development planning and then explores how
modern general systems theory can show economic development as a
process of structural change. The discussion includes the use of
decision tools which can simultaneously handle spatial and temporal
evolution. The authors develop a model which they explore through
case studies of both Senegal and Crete. The model is combined with
risk analysis to show how it can be used in computer-based
scenarios, before its properties as an aid to decision making are
summarized in the last chapter. Defining development as a process
of structural change in economic systems rather than in terms of
economic output, this volume will be welcomed for its advocacy of
non-linear models as decision tools and for its special reference
to issues of economic development and environmental stability in
Third World countries.
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