The Microeconomics Of Complex Economies: Evolutionary, Institutional, Neoclassical, And Complexity Perspectives by Wolfram ElsnerThe Microeconomics Of Complex Economies: Evolutionary, Institutional, Neoclassical, And Complexity Perspectives by Wolfram Elsner

The Microeconomics Of Complex Economies: Evolutionary, Institutional, Neoclassical, And Complexity…

byWolfram Elsner, Torsten Heinrich, Henning Schwardt

Paperback | October 30, 2018

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The Microeconomics of Complex Economiesuses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset.

Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories.



  • Describes the usefulness of complex heterodox economics
  • Emphasizes divergences and convergences with neoclassical economic theories and perspectives
  • Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters
Wolfram Elsner is professor of economics with the Institute for Institutional and Innovation Economics at the University Bremen in Germany. Before working in academia, he spent ten years as a local development official and state-level planner. He has published widely in various journals, has edited several books, and authored three tex...
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Title:The Microeconomics Of Complex Economies: Evolutionary, Institutional, Neoclassical, And Complexity…Format:PaperbackDimensions:600 pages, 8.75 × 6.35 × 0.68 inPublished:October 30, 2018Publisher:Academic PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0128100176

ISBN - 13:9780128100172

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Table of Contents

Part I Basics of the Interdependent Economy and Its Processes (four chapters)

Part II Markets: General-Equilibrium Theory and Real-World Market Structures (3 chapters)

Part III Further Tools and the Analysis of Complex Economies (4 chapters)

Part IV History of Thought and Contemporary Models in Complexity Economics (3 chapters)

Part V Further Applications and Interactive Economic Policy (4 chapters)