The Economics of Order and Disorder: The Market as Organizer and Creator

Hardcover | March 19, 1992

byJacques Lesourne

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This book addresses some basic questions in economics, all of which have a common core - they all refer to forming behaviour, to the emergence of order, its adaptation, its transformation, and its ultimate dissolution into chaos. Starting with the notion of self-organization, the author analyses the operation and the demise of institutions in economics. In doing so, he takes into account the consequences of the intervention of history, chance, necessity, and will - a subject little undertaken in contemporary economictheory. Starting with the theory of microeconomics itself, the author builds precise models based on explicit hypotheses and draws out the significance of the propositions obtained. The book draws on systems theory, evolutionary theory, the literature on institutional economics, and existinggeneral equilibrium theory, and steps outside the present conceptual framework of microeconomics.

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From Our Editors

This provocative book addresses some basic questions in economics, all of which have a common core--they all refer to forming behaviour, to the emergence of order, its adaptation, its transformation, and its ultimate dissolution into chaos. Starting with the notion of self-organization, the author analyzes the operation and the demise ...

From the Publisher

This book addresses some basic questions in economics, all of which have a common core - they all refer to forming behaviour, to the emergence of order, its adaptation, its transformation, and its ultimate dissolution into chaos. Starting with the notion of self-organization, the author analyses the operation and the demise of institu...

From the Jacket

This provocative book addresses some basic questions in economics, all of which have a common core--they all refer to forming behaviour, to the emergence of order, its adaptation, its transformation, and its ultimate dissolution into chaos.

Jacques Lesourne is at Conservatoire National des Arts et Metiers, Paris; Chairman and Managing Director of Le Monde.

other books by Jacques Lesourne

Format:HardcoverDimensions:224 pages, 8.5 × 5.43 × 0.71 inPublished:March 19, 1992Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198287399

ISBN - 13:9780198287391

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From Our Editors

This provocative book addresses some basic questions in economics, all of which have a common core--they all refer to forming behaviour, to the emergence of order, its adaptation, its transformation, and its ultimate dissolution into chaos. Starting with the notion of self-organization, the author analyzes the operation and the demise of institutions in economics. In doing so he takes into account the consequences of the intervention of history, chance, necessity, and will--a subject little undertaken in contemporary economic theory. Beginning with the theory of microeconomics itself, the author builds precise models based on explicit hypotheses and draws out the significance of the propositions obtained. The book draws on systems theory, evolutionary theory, the literature on institutional economics, and existing general equilibrium theory, and steps outside the present conceptual framework of microeconomics.

Editorial Reviews

'This book is highly recommended for those who want to remain at the frontiers of theoretical developments in economic theory. And it gives a taste of new directions in economic thinking that may become dominant in future.'P.M. Mathur, (deceased), University of Aberystwyth, Economics of Planning 27: 1994