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The Origin and the Evolution of Firms

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ISBN: 9781607509561 Year: Pages: 232 DOI: 10.26530/OAPEN_413210 Language: English
Publisher: IOS Press Grant: Nederlandse Organisatie voor Wetenschappelijk Onderzoek
Subject: Biology --- Heat --- Astronomy (General) --- Science (General) --- Economics
Added to DOAB on : 2012-05-21 00:00:00
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The firms and markets of today's complex socio-economic system developed in a spontaneous process termed evolution, in just the same way as the universe, the solar system, the Earth and all that lives upon it. Darwin's theory of evolution clearly demonstrated that evolution involved increasing organization. As we began to explore the molecular basis of life and its evolution, it became equally clear that it depended on the processing and communication of information. This book develops a consistent theory of evolution in its wider sense, examining the information based laws and forces that drive it. Exploring subjects as diverse as economics and the theories of thermodynamics, the author revisits the paradox of the apparent conflict between the laws of thermodynamics and evolution to arrive at a systems theory, tracing a continuous line of evolving information sets that connect the Big-Bang to the firms and markets of our current socio-economic system.

Is Behavioral Economics Doomed?: The Ordinary versus the Extraordinary

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ISBN: 9781906924935 Year: Pages: 143 DOI: 10.11647/OBP.0021 Language: English
Publisher: Open Book Publishers
Subject: Economics
Added to DOAB on : 2012-11-21 13:39:07
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It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics — an effort to incorporate psychological ideas into economics — has become all the rage.This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer to economic problems. It explores the successes and failures of contemporary economics both inside and outside the laboratory. It then asks whether popular behavioral theories of psychological biases are solutions to the failures. It not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them.Levine’s book is essential reading for students and teachers of economic theory and anyone interested in the psychology of economics.

Is Behavioral Economics Doomed?

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ISBN: 9781906924942 Year: Pages: 143 DOI: 10.11647/OBP.0021 Language: English
Publisher: Open Book Publishers
Added to DOAB on : 2018-04-04 11:01:51
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It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics—an effort to incorporate psychological ideas into economics—has become all the rage. This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer to economic problems. It explores the successes and failures of contemporary economics both inside and outside the laboratory. It then asks whether popular behavioral theories of psychological biases are solutions to the failures. It not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them. Levine’s book is essential reading for students and teachers of economic theory and anyone interested in the psychology of economics.

The Brownian Motion

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Book Series: Springer Texts in Business and Economics ISBN: 9783030201036 Year: Pages: 125 DOI: 10.1007/978-3-030-20103-6 Language: English
Publisher: Springer
Subject: Mathematics --- Economics
Added to DOAB on : 2020-02-04 11:21:11
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This open access textbook is the first to provide Business and Economics Ph.D. students with a precise and intuitive introduction to the formal backgrounds of modern financial theory. It explains Brownian motion, random processes, measures, and Lebesgue integrals intuitively, but without sacrificing the necessary mathematical formalism, making them accessible for readers with little or no previous knowledge of the field. It also includes mathematical definitions and the hidden stories behind the terms discussing why the theories are presented in specific ways.

Economic Fables

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ISBN: 9781906924775 Year: Pages: 255 DOI: 10.11647/OBP.0020 Language: English
Publisher: Open Book Publishers
Subject: Economics
Added to DOAB on : 2012-11-21 13:39:07
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I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model. Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts in modern economic thought, Ariel Rubinstein offers some powerful and entertaining reflections on his childhood, family and career. In doing so, he challenges many of the central tenets of game theory, and sheds light on the role economics can play in society at large. The book is as thought-provoking for seasoned economists as it is enlightening for newcomers to the field. Sylvia Nasar, author of A Beautiful Mind, describes Economics Fables as a ""wonderfully inviting introduction to game theory, rich in personalities, history and sense of place. Ariel Rubinstein is not only a brilliant theorist with a knack for lucid exposition, but a gifted storyteller. Students will find the ideas surprisingly accessible. Aspiring scholars, wondering whether a life of the mind is worth pursuing, will find his personal journey of intellectual discovery thrilling.""

Economic Fables

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ISBN: 9781906924799 Year: Pages: 255 DOI: 10.11647/OBP.0020 Language: English
Publisher: Open Book Publishers
Subject: Economics
Added to DOAB on : 2018-04-04 11:01:51
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I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model. Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts in modern economic thought, Ariel Rubinstein offers some powerful and entertaining reflections on his childhood, family and career. In doing so, he challenges many of the central tenets of game theory, and sheds light on the role economics can play in society at large. The book is as thought-provoking for seasoned economists as it is enlightening for newcomers to the field. Sylvia Nasar, author of A Beautiful Mind, describes Economics Fables as a "wonderfully inviting introduction to game theory, rich in personalities, history and sense of place. Ariel Rubinstein is not only a brilliant theorist with a knack for lucid exposition, but a gifted storyteller. Students will find the ideas surprisingly accessible. Aspiring scholars, wondering whether a life of the mind is worth pursuing, will find his personal journey of intellectual discovery thrilling."

Data Collection in Fragile States

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ISBN: 9783030251208 Year: Pages: 243 DOI: 10.1007/978-3-030-25120-8 Language: English
Publisher: Springer
Subject: Business and Management --- Economics --- Sociology
Added to DOAB on : 2020-02-05 11:21:07
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‘This open access book addresses an urgent issue on which little organized information exists. It reflects experience in Africa but is highly relevant to other fragile states as well.’ —Constantine Michalopoulos, John Hopkins University, USA and former Director of Economic Policy and Co-ordination at the World Bank Fragile countries face a triple data challenge. Up-to-date information is needed to deal with rapidly changing circumstances and to design adequate responses. Yet, fragile countries are among the most data deprived, while collecting new information in such circumstances is very challenging. This open access book presents innovations in data collection developed with decision makers in fragile countries in mind. Looking at innovations in Africa from mobile phone surveys monitoring the Ebola crisis, to tracking displaced people in Mali, this collection highlights the challenges in data collection researchers face and how they can be overcome.

The Practices of Happiness

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Book Series: Routledge Frontiers of Political Economy ISBN: 9780415550970 Year: Pages: 304 Language: English
Publisher: Taylor & Francis Grant: OAPEN-UK
Subject: Economics --- Religion
Added to DOAB on : 2011-11-04 00:00:00
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There is growing evidence that rising levels of prosperity in Western economies since 1945 have not been matched by greater incidences of reported well-being and happiness. Indeed, material affluence is often accompanied instead by greater social and individual distress. A growing literature within the humanities and social sciences is increasingly concerned to chart not only the underlying trends in recorded levels of happiness, but to consider what factors, if any, contribute to positive and sustainable experiences of well-being and quality of life. Increasingly, such research is focusing on the importance of values and beliefs in human satisfaction or quality of life; but the specific contribution of religion to these trends is relatively under-examined. This unique collection of essays seeks to rectify that omission, by identifying the nature and role of the religious contribution to wellbeing. A unique collection of nineteen leading scholars from the field of economics, psychology, public theology and social policy have been brought together in this volume to explore the religious contribution to the debate about happiness and well-being. These essays explore the religious dimensions to a number of key features of well-being, including marriage, crime and rehabilitation, work, inequality, mental health, environment, participation, institutional theory, business and trade. They engage particularly closely with current trends in economics in identifying alternative models of economic growth which focus on its qualitative as well as quantitative dimensions. This distinctive volume brings to public notice the nature and role of religion’s contribution to wellbeing, including new ways of measurement and evaluation. As such, it represents a valuable and unprecedented resource for the development of a broad-based religious contribution to the field. It will be of particular relevance for those who are concerned about the continuing debate about personal and societal well-being, as well as those who are interested in the continuing significance of religion for the future of public policy. Introductory essay: developing an overview as context and future John Atherton Part 1: Political Economy 1. Economic theory and happiness Ian Steedman 2. Happiness, welfare and capabilities Carl-Henric Grenholm 3. Happiness through thrift: The contribution of business to human wellbeing Peter Heslam 4. Happiness, work and Christian theology Peter Sedgwick 5. Happiness isn't working, but it should be Malcolm Brown 6. Challenging inequality in a post-scarcity era: Christian contributions to egalitarian trends John Atherton 7. Fair trade and human wellbeing Michael Northcott Part 2: Contributions to Other Social Sciences 8. Religion and happiness: perspectives from the psychology of religion, positive psychology and empirical theology Leslie Francis 9. Ethnographic insights into happiness Jonathan Miles-Watson 10. Institutions, organisations and wellbeing Tony Berry 11. Religion, family form and the question of happiness Adrian Thatcher 12. Mental health, spirituality and religion Peter Gilbert 13. The ‘one in the morning’ knock: exploring the connections between faith, participation and wellbeing Christopher Baker 14. Crime, wellbeing and society: Reflections on social, 'anti-social' and 'restorative' capital Christopher Jones 15. Supporting offenders: A faith based initiative Charlotte Lorimer Part 3: Reflections on Foundations 16. Human happiness as a common good: clarifying the issues Patrick Riordan 17. Being well in creation John Rodwell 18.The ‘virtuous circle’: Religion and the practices of happiness Elaine Graham 19 Well being – or resilience? Blurred encounters between theory and practice John Reader

Hayek, Mill and the Liberal Tradition

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Book Series: Routledge Studies in the History of Economics ISBN: 9780415779340 Year: Pages: 192 Language: English
Publisher: Taylor & Francis Grant: OAPEN-UK
Subject: Economics --- Political Science
Added to DOAB on : 2011-11-04 00:00:00
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This book considers the relationship between Hayek and Mill, taking issues with Hayek’s criticism of Mill and providing a broader perspective of the liberal tradition. Featuring contributions from the likes of Ross Emmett, Leon Montes and Robert Garnett, these chapters ask whether Hayek had an accurate reading of the ideas of Mill and Smith, as well as considering themes such as sympathy and analytical egalitarianism that play a large part in the liberal tradition, but less in work of Hayek These chapters argue that addition of these key ideas to the Hayekian corpus leads to a far broader understanding of the liberal tradition than that provided by Hayek Introduction, Andrew Farrant , 1.Hayek and the Liberal Tradition, 1. Is Friedrich Hayek rowing Adam Smith’s boat, Leon Montes , 2. F. A. Hayek’s Sympathetic Agents, David M. Levy and Sandra Peart , 3. Discussion and the Evolution of Institutions in a Liberal Democracy: Frank Knight Joins the Debate, Ross Emmett , 2. Pushing the Boundaries of the Liberal Tradition? , 4. Hayek, Mill, and the Problem of Institutional Change?, Andrew Farrant , 5. A Socialist Spontaneous Order, Theodore A. Burczak , 6. Hayek and Philanthropy: A Classical Liberal Road Not (Yet) Taken, Robert Garnett

Manifesto of the New Economy: Institutions and Business Models of the Digital Society

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ISBN: 9783642212765 9783642212772 Year: Pages: 145 DOI: 10.1007/978-3-642-21277-2 Language: English
Publisher: Springer
Subject: Economics --- Business and Management
Added to DOAB on : 2012-08-16 16:43:16
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The book describes the main directions for the development of the digital society. The author angles its book to those who are interested to know what would replace search engines, and how social networks would evolve; what profit can be made of different forms of informational collaboration (crowdsourcing, collaborative filtering). And, the main thing, how it will influence the structure of the society and human pursuit for happiness. The author does not confine himself to a theory, he sets and solves practical questions: How talent, success and “stardom” are interconnected, how to make money in social networks, what is the business model for the development of entertainment and media, how to measure cultural values, and what is the subjective time of the individual and how to make it qualitative? There have been no answers to these questions before. Internet and social networks have provided tools and data that Alexander Dolgin was the first to use in economics.

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