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Evolution, Time, Production and the Environment

Author: Malte Faber; John L R Proops
Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg, 1990.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Long-run interactions between the economy and the natural environment are studied from all points of view. First, the aims of this overview are illustrated in Part I. Part II then explores and develops the concept of evolution, in particular distinguishing between evolution which does not involve the emergence of novelty, and evolution where novelty does occur. In Part III three types of time irreversibility are  Read more...
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Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Malte Faber; John L R Proops
ISBN: 9783662025895 3662025892
OCLC Number: 851384005
Description: 1 online resource (xv, 240 pages)
Contents: I. Aims --
1 Introduction --
II. Evolution --
2 The Concept of Evolution --
3 An Evolutionary Approach to Production and Innovation --
III. Time --
4 Economic Analysis and Concepts of Time Irreversibility --
5 Time in the Natural Sciences: Some Lessons for Economics --
6 lime, Conceptual Structures and Economic Schools of Thought --
IV. Production and Innovation --
7 Economy --
Environment Interactions in the Long --
Run --
8 Production, Accumulation and Time: A Neo --
Austrian Approach --
9 The Neo --
Austrian Approach: Extensions to the Model --
10 A Neo --
Austrian Simulation Model of Economy --
Environment Interactions --
V. Final Thoughts --
11 Policy Implications and the Need for Interdisciplinary Research --
References.
Responsibility: by Malte Faber, John L.R. Proops.

Abstract:

Long-run interactions between the economy and the natural environment are studied from all points of view. First, the aims of this overview are illustrated in Part I. Part II then explores and develops the concept of evolution, in particular distinguishing between evolution which does not involve the emergence of novelty, and evolution where novelty does occur. In Part III three types of time irreversibility are developed, and these concepts are used to show how time has been treated in the natural sciences, also typifying various schools of economic thought. Part IV is concerned with the economic modelling of these concepts. It extends and adapts neo-Austrian capital theory to provide a basis for the modelling of long-run economy-environment interactions. A heuristic simulation model is described, and its simulation results discussed. Part V draws some lessons from the earlier discussion and analysis. It also stresses the role and the importance of interdisciplinary work for the understanding of relationships between economic activity and the natural environment.

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