The Evolutionary Origins Of Markets

Author : Rojhat Avşar
Publisher : Routledge
Page : 182 pages
File Size : 52,9 Mb
Release : 2019-11-04
Category : Business & Economics
ISBN : 9781351173742

Get Book

The Evolutionary Origins of Markets by Rojhat Avşar Pdf

Our elaborate market exchange system owes its existence not to our calculating brain or insatiable self-centeredness, but rather to our sophisticated and nuanced human sociality and to the inherent rationality built into our emotions. The modern economic system is helped a lot more than hindered by our innate social instincts that support our remarkable capacity for building formal and informal institutions. The book integrates the growing body of experimental evidence on human nature scattered across a variety of disciplines from experimental economics to social neuroscience into a coherent and original narrative about the extent to which market (or impersonal exchange) relations are reflective of the basic human sociality that was originally adapted to a more tribal existence. An accessible resource, this book will appeal to students of all areas of economics, including Behavioral Economics and Neuro-Economics, Microeconomics, and Political Economy.

Author : Eric D. Beinhocker
Publisher : Harvard Business Press
Page : 556 pages
File Size : 40,8 Mb
Release : 2006
Category : Business & Economics
ISBN : 157851777X

Get Book

The Origin of Wealth by Eric D. Beinhocker Pdf

Beinhocker has written this work in order to introduce a broad audience to what he believes is a revolutionary new paradigm in economics and its implications for our understanding of the creation of wealth. He describes how the growing field of complexity theory allows for evolutionary understanding of wealth creation, in which business designs co-evolve with the evolution of technologies and organizational innovations. In addition to giving his audience a tour of this field of complexity economics, he discusses its implications for real-world issues of business.

Author : Ralph L. Bayrer
Publisher : New Academia Publishing, LLC
Page : 486 pages
File Size : 48,5 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780982386743

Get Book

Free People, Free Markets by Ralph L. Bayrer Pdf

"Relying on thorough scholarship and clarity of argument, Bayrer makes the compelling case that mankind's progress in the last millennium rests on a narrow foundation of freedom, a lesson people forget at their peril."--John McCain, U.S. senator.

Author : Greta Hsu,Ozgecan Kocak,Giacomo Negro
Publisher : Emerald Group Publishing
Page : 412 pages
File Size : 55,8 Mb
Release : 2010-11-12
Category : Business & Economics
ISBN : 9780857245939

Get Book

Categories in Markets by Greta Hsu,Ozgecan Kocak,Giacomo Negro Pdf

Focuses on how market categories shape processes of production and consumption and how these activities in turn shape category systems. This volume explores topics such as: how new categories emerge, become enacted and gain consensus, how categories are used by market agents, and how category systems change over time.

Author : Mark Casson
Publisher : Unknown
Page : 128 pages
File Size : 50,6 Mb
Release : 2011
Category : Capital market
ISBN : 1784712973

Get Book

Markets and Market Institutions by Mark Casson Pdf

Author : Naomi Beck
Publisher : University of Chicago Press
Page : 208 pages
File Size : 40,7 Mb
Release : 2018-06-21
Category : History
ISBN : 9780226556147

Get Book

Hayek and the Evolution of Capitalism by Naomi Beck Pdf

Few economists can claim the influence—or fame—of F. A. Hayek. Winner of the Nobel Prize, Hayek was one of the most consequential thinkers of the twentieth century, his views on the free market echoed by such major figures as Ronald Reagan and Margaret Thatcher. Yet even among those who study his work in depth, few have looked closely at his use of ideas from evolutionary science to advance his vision of markets and society. With this book Naomi Beck offers the first full-length engagement with Hayek’s thought from this perspective. Hayek argued that the capitalism we see in advanced civilizations is an unintended consequence of group selection—groups that adopted free market behavior expanded more successfully than others. But this attempt at a scientific grounding for Hayek’s principles, Beck shows, fails to hold water, plagued by incoherencies, misinterpretations of the underlying science, and lack of evidence. As crises around the globe lead to reconsiderations of the place of capitalism, Beck’s excavation of this little-known strand of Hayek’s thought—and its failure—is timely and instructive.

Author : John McMillan
Publisher : W. W. Norton & Company
Page : 289 pages
File Size : 54,9 Mb
Release : 2003-10-28
Category : Business & Economics
ISBN : 9780393323719

Get Book

Reinventing the Bazaar: A Natural History of Markets by John McMillan Pdf

McMillan takes readers on a lively tour, from the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the world's post-communist economies.

Author : Pascal Boyer
Publisher : Random House
Page : 448 pages
File Size : 49,8 Mb
Release : 2008-12-26
Category : Religion
ISBN : 9781407020877

Get Book

Religion Explained by Pascal Boyer Pdf

Why are there religious beliefs in all cultures? Do they have features in common and why does religion persist in the face of science? Pascal Boyer shows how experimental findings in cognitive science, evolutionary biology and cultural anthropology are now providing precise answers to these general questions, and providing, for the first time, real answers to the question: Why do we believe?

Author : Sarah Blaffer Hrdy
Publisher : Harvard University Press
Page : 432 pages
File Size : 50,5 Mb
Release : 2011-04-15
Category : Social Science
ISBN : 9780674659957

Get Book

Mothers and Others by Sarah Blaffer Hrdy Pdf

Mothers and Others finds the key in the primatologically unique length of human childhood. Renowned anthropologist Sarah Hrdy argues that if human babies were to survive in a world of scarce resources, they would need to be cared for, not only by their mothers but also by siblings, aunts, fathers, friends—and, with any luck, grandmothers. Out of this complicated and contingent form of childrearing, Hrdy argues, came the human capacity for understanding others. In essence, mothers and others teach us who will care, and who will not.

Author : D. Friedman
Publisher : Springer
Page : 261 pages
File Size : 54,6 Mb
Release : 2008-09-15
Category : Business & Economics
ISBN : 9780230614987

Get Book

Morals and Markets by D. Friedman Pdf

In this book, economist and evolutionary game theorist Daniel Freidman demonstrates that our moral codes and our market systems, while often in conflict, are really devices evolved to achieve similar ends, and that society functions best when morals and markets are in balance with each other.

Author : Andrew W. Lo
Publisher : Princeton University Press
Page : 504 pages
File Size : 45,9 Mb
Release : 2019-05-14
Category : Business & Economics
ISBN : 9780691196800

Get Book

Adaptive Markets by Andrew W. Lo Pdf

A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist—the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo’s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.

Author : Jean-Louis Dessalles
Publisher : Oxford University Press
Page : 398 pages
File Size : 46,7 Mb
Release : 2007-01-04
Category : Language Arts & Disciplines
ISBN : 9780199276233

Get Book

Why We Talk by Jean-Louis Dessalles Pdf

Constant exchange of information is integral to our societies. The author explores how this came into being. Presenting language evolution as a natural history of conversation, he sheds light on the emergence of communication in the hominine congregations, as well as on the human nature.

Author : Richard R. Nelson
Publisher : Harvard University Press
Page : 456 pages
File Size : 44,7 Mb
Release : 1985-10-15
Category : Business & Economics
ISBN : 0674041437

Get Book

An Evolutionary Theory of Economic Change by Richard R. Nelson Pdf

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Author : Niall Ferguson
Publisher : Penguin
Page : 498 pages
File Size : 51,5 Mb
Release : 2008-11-13
Category : History
ISBN : 9781440654022

Get Book

The Ascent of Money by Niall Ferguson Pdf

The 10th anniversary edition, with new chapters on the crash, Chimerica, and cryptocurrency "[An] excellent, just in time guide to the history of finance and financial crisis." —The Washington Post "Fascinating." —Fareed Zakaria, Newsweek In this updated edition, Niall Ferguson brings his classic financial history of the world up to the present day, tackling the populist backlash that followed the 2008 crisis, the descent of "Chimerica" into a trade war, and the advent of cryptocurrencies, such as Bitcoin, with his signature clarity and expert lens. The Ascent of Money reveals finance as the backbone of history, casting a new light on familiar events: the Renaissance enabled by Italian foreign exchange dealers, the French Revolution traced back to a stock market bubble, the 2008 crisis traced from America's bankruptcy capital, Memphis, to China's boomtown, Chongqing. We may resent the plutocrats of Wall Street but, as Ferguson argues, the evolution of finance has rivaled the importance of any technological innovation in the rise of civilization. Indeed, to study the ascent and descent of money is to study the rise and fall of Western power itself.

Author : Avi Tuschman
Publisher : Prometheus Books
Page : 504 pages
File Size : 53,5 Mb
Release : 2013-09-03
Category : Political Science
ISBN : 9781616148249

Get Book

Our Political Nature by Avi Tuschman Pdf

The first book to tell the natural history of political orientations. Our Political Nature is the first book to reveal the hidden roots of our most deeply held moral values. It shows how political orientations across space and time arise from three clusters of measurable personality traits. These clusters entail opposing attitudes toward tribalism, inequality, and differing perceptions of human nature. Together, these traits are by far the most powerful cause of left-right voting, even leading people to regularly vote against their economic interests. As this book explains, our political personalities also influence our likely choice of a mate, and shape society's larger reproductive patterns. Most importantly of all, it tells the evolutionary stories of these crucial personality traits, which stem from epic biological conflicts. Based on dozens of exciting new insights from primatology, genetics, neuroscience, and anthropology, this groundbreaking work brings core concepts to life through current news stories and personalities. For instance, readers will meet Glenn Beck and Hugo Chavez and come to understand the underlying evolutionary forces they represent. By blending serious research with relevant contemporary examples, Our Political Nature casts important light onto the ideological clashes that so dangerously divide and imperil our world today.