Dynamic Economic Theory: A Viability Approach, Vol. 5

Book Description
This book is intended to provide economists with mathematical tools necessary to handle the concepts of evolution under uncertainty and adaption arising in economics, pursuing the Arrow-Debreu-Hahn legacy. It applies the techniques of viability theory to the study of economic systems evolving under contingent uncertainty, faced with scarcity constraints, and obeying various implementation of the inertia principle. The book illustrates how new tools can be used to move from static analysis, built on concepts of optima, equilibria and attractors to a contingent dynamic framework.

Book Info
Provides theoretical economists with mathematical tools necessary to handle the concept of evolution and adaptation arising in economics. The 3 parts cover: Evolutionary perspective, Ecodynamics, and The mathematical toolbox.


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