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Evolvodynamics - The Mathematical Theory of Economic Evolution: a Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth by Len H. Wallast (Paperback, 2013)

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Product Information

Dissatisfied with the flaws of orthodox ecomics, the author proposes to base ecomic theory on the three principles of Darwinian evolution (variation, inheritance, selection). Pursuing a suggestion of E.T. Jaynes of 1991, the invation is in treating ecomic behavior as chance events of selection. This involves abandoning the methods of mainstream ecomics and to apply instead the methods by which Claude E. Shann analyzed information transport over a stationary channel. As ecomic processes are n-stationary, the author clarifies first how the Shann-system must be reshaped in a system capable to describe ecomic evolution mathematically. As ecomic processes are n-stationary, the author first clarifies how the Shann system must be reshaped into one capable of describing ecomic evolutions mathematically. Deriving the universal relations between input, output, the ecomic growth rate, inflation and money flow involves applying differential sets of selection, Venn diagrams, bitpulses as units of selection and the probability distributions of bitpulses. This is a thought-provocative and highly informative book of which the explanatory power goes far beyond that of traditional ecomics. It should be on the readers list of everyone concerned with the weal and woe of ecomic theorizing.

Product Identifiers

Publisher
Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg, Springer-Verlag Berlin and Heidelberg Gmbh & Co. K
ISBN-10
3642340555
ISBN-13
9783642340550
eBay Product ID (ePID)
141464411

Product Key Features

Author
Len H. Wallast
Format
Trade Paperback (US), Paperback
Language
English
Subject
Economics: Professional & General
Type
Textbook

Dimensions

Weight
408g
Height
234mm
Width
156mm

Additional Product Features

Place of Publication
Berlin
Spine
15mm
Content Note
23 Black & White Illustrations, Biography
Author Biography
Len Wallast graduated from Delft University in Communication Engineering and became soon involved in fundamental research in that domain. He is an expert in communication/information theory and time series analysis and managed a mathematics department at Royal Philips. After he graduated with distinction at Rotterdam Erasmus University in economics he led a middle sized accounting firm bearing his name. He kept combining his business orientation with an intense scientific commitment to the theory of macro-economics. He surmised a narrow relationship between Darwinian evolutionary principles, macro-economics and Shannon's communication theory at an early stage already many years ago. The concrete shape of this lifelong enterprise that involves the abandonment and trade-in of the methods of mainstream economics for the applied mathematical methods of the kind Shannon employed is reflected in the present work.
Date of Publication
12/03/2013
Genre
Economics: Professional & General
Country of Publication
Germany

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Evolvodynamics - The Mathematical Theory of Economic Evolution: a Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth by Len H. Wallast (Paperback, 2013)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

Best Selling in Adult Learning & University

Permaculture: A Designer's Manual by Bill Mollison (Hardcover, 1988)

Australian Native Bee Book: Keeping Stingless Bee Hives for Pets, Pollination and Sugarbag Honey by Tim Heard (Paperback, 2015)

The Weed Forager's Handbook: A Guide to Edible and Medicinal Weeds in Australia by Adam Grubb, Annie Raser-Rowland (2012, Paperback)

Empire of the Summer Moon: Quanah Parker and the Rise and Fall of the Comanches, the Most Powerful Indian Tribe in American History by S.C. Gwynne (Paperback, 2011)

Botanical Field Guide by Stefan Mager (Fold-out book or chart, 2021)

Linux Basics For Hackers: Getting Started with Networking, Scripting, and Security in Kali by OccupyTheWeb (Paperback, 2018)

The Hundred Years' War on Palestine: A History of Settler Colonial Conquest and Resistance by Rashid I. Khalidi (Paperback, 2020)

Save on Adult Learning & University

The Australian Native Bee Hive Book: Keeping Stingless Sugarbag OATH Tim Heard

Weed Forager's Handbook: A Guide to Edible and Medicinal Weeds in Australia by A

Netter Atlas of Human Anatomy: Classic Regional Approach

Classical Mechanics: The Theoretical Minimum by George Hrabovsky

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