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Item Details
Title: THE ECONOMICS OF ORDER AND DISORDER
THE MARKET AS ORGANIZER AND CREATOR
By: Jacques Lesourne
Format: Hardback

List price: £93.00
Our price: £81.38
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You save: £11.62
ISBN 10: 0198287399
ISBN 13: 9780198287391
Availability: Usually dispatched within 1-3 weeks.
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Publisher: OXFORD UNIVERSITY PRESS
Pub. date: 19 March, 1992
Pages: 224
Description: Jacques Lesourne uses rigorous modelling to analyse the emergence, working, and dissolution of institutions in economics.
Synopsis: 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 economic theory. 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 existing general equilibrium theory, and steps outside the present conceptual framework of microeconomics.
Illustrations: line drawings, tables
Publication: UK
Imprint: Clarendon Press
Prizes: Winner of An innovative study by a distinguished economist.
Returns: Returnable
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