This work analyzes the operation and demise of institutions in economics--starting with the notion of self-organization--taking into account the intervention of history, chance, necessity, and will. Beginning with the theory of microeconomics, Lesourne builds precise models based on explicit hypotheses and draws out the significance of the propositions obtained. Using systems, evolutionary and general equilibrium theories, as well as literature on institutional economics, Lesourne steps out of the present conceptual framework of microeconomics.

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

Business & Money

LESOURNE, Jacques

Economics

Clarendon Press

A theory of the individual for economic analysis (Contributions to economic analysis)

sole distributors for the U.S.A. and Canada, Elsevier/North-Holland

French Model: The Rise and Fall / Le Modèle français: Grandeur et décadence (French Edition)

Health, Fitness & Dieting

Psychology & Counseling

Odile Jacob

Un homme de notre siècle: De Polytechnique à la prospective et au journal Le Monde

Reference

Language Study & Reference

JACOB

Futuribles 303, décembre 2004. Pour une politique de la recherche: Union européenne : nouvelles frontières ?

PIGANIOL, Pierre

DREVET, Jean-François

LEBEAU, André

CHAPONNIÈRE, Jean-Raphaël

FUTURIBLES

Futuribles 388, septembre 2012. Prospective du système alimentaire mondial: Europe, énergie et climat

BOUVIER, Alain

RASTOIN, Jean-Louis

GHERSI, Gérard

TALANDIER, Magali

Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium is stated without a concrete process to achieve it, market is the unique institution considered. Evolutionary microeconomics is aimed at bypassing these limitations by considering a dynamic approach, however not biologically oriented. Agents have local information and bounded rationality, they are involved in explicit processes of interactions through time, various institutions sustain the market or substitute to it. It explains then some phenomena hardly explained by classical microeconomics: dispersion of prices, variety of industrial structures, financial bubbles.

Evolutionary Microeconomics

Orléan, André

Walliser, Bernard

Springer

Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium is stated without a concrete process to achieve it, market is the unique institution considered. Evolutionary microeconomics is aimed at bypassing these limitations by considering a dynamic approach, however not biologically oriented. Agents have local information and bounded rationality, they are involved in explicit processes of interactions through time, various institutions sustain the market or substitute to it. It explains then some phenomena hardly explained by classical microeconomics: dispersion of prices, variety of industrial structures, financial bubbles.

See the best price to sell, buy, or rent books by LESOURNE, Jacques. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by LESOURNE, Jacques