Foundations of Economic Change

Know about the book -

Foundations of Economic Change is written by Andreas Pyka and published by Springer. It's available with International Standard Book Number or ISBN identification 3319620096 (ISBN 10) and 9783319620091 (ISBN 13).

The book illustrates the considerable advances in modern evolutionary economics and addresses core questions of economic behaviour, interaction of heterogeneous actors in uncertain environments and the possibility of aggregating observations on a macro-economic level. It presents the foundations of economic change as the major building blocks of an economic approach that focusses on complex processes driven by endogenous innovation as well as crisis. The theoretical considerations are complemented by econometric studies to demonstrate the relevance of evolutionary-economic thinking to improve our understanding of the most challenging issues related to economic growth and development.