The Guidance of an Enterprise Economy
Martin Shubik and Eric Smith
Abstract
This book is devoted to the study of the guidance, control and coordination problems of an enterprise economy. Our basic approach requires an understanding of the roles of money and financial institutions. Our viewpoint differs from most current approaches in stressing together specifically game theory, methods of physics and experimental gaming; together with and more generally a broader evolutionary approach from the biological and other behavioural sciences. Our intended audiences are economists, physicists, experimental gamers, accounting theorists , legal scholars and other behavioural sc ... More
This book is devoted to the study of the guidance, control and coordination problems of an enterprise economy. Our basic approach requires an understanding of the roles of money and financial institutions. Our viewpoint differs from most current approaches in stressing together specifically game theory, methods of physics and experimental gaming; together with and more generally a broader evolutionary approach from the biological and other behavioural sciences. Our intended audiences are economists, physicists, experimental gamers, accounting theorists , legal scholars and other behavioural scientists willing to explore beyond their own specialist disciplines. Our biases run primarily to an exposition most congenial to economists, experimental gamers and physicists, but we aim to have all basic concepts understandable regardless of technical background. A mathematically precise unification of Walrasian general equilibrium with macroeconomic dynamics and Schumpeterian innovation is provided utilizing strategic market games.
Keywords:
Guidance,
Money,
Dynamics,
Physics,
Biology,
Measurement,
Conservation,
laws of motion,
innovation,
perception.
Bibliographic Information
| Print publication date: 2016 |
Print ISBN-13: 9780262034630 |
| Published to MIT Press Scholarship Online: May 2017 |
DOI:10.7551/mitpress/9780262034630.001.0001 |
Authors
Affiliations are at time of print publication.
Martin Shubik, author
Yale University (emeritus)
Eric Smith, author
Earth-Life Science Institute, Tokyo
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