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The Economics of Order and Disorder : The Market as Organizer and Creator - Jacques Lesourne

The Economics of Order and Disorder

The Market as Organizer and Creator

Hardcover Published: 19th March 1992
ISBN: 9780198287391
Number Of Pages: 224

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This provocative 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 analyzes 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. Beginning 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.

`The Economics of Order and Disorder is an enlightening book. It is full of original ideas about how to model the fundamentals of exchange; the discussions surrounding the models are highly insightful; and the book suggests many good directions for furhter work.' Journal of Economic Literature 'This book is highly recommended for those who want to remain at the frontiers of theoretical developments in economic theory. And it gives a taste of new directions in economic thinking that may become dominant in future.' P.M. Mathur, (deceased), University of Aberystwyth, Economics of Planning 27: 1994

Acknowledgementsp. vi
Introductionp. 1
The Market as Organizerp. 17
Building the Modelsp. 19
A Simple Marketp. 34
The Market and Irreversibilitiesp. 55
The Market and Increasing Yieldsp. 70
The Traditional Marketp. 82
The Revelation of Quality Through Pricep. 97
Comments on the First Stagep. 109
The Market as Creatorp. 111
The Birth of Intermediariesp. 113
The Forming of Opinionsp. 123
The Creating of Skillsp. 141
The Founding of Unionsp. 151
Change in the Structure of Competitionp. 162
Epiloguep. 183
Referencesp. 197
Indexp. 205
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780198287391
ISBN-10: 0198287399
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 224
Published: 19th March 1992
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 22.3 x 14.3  x 1.8
Weight (kg): 0.39

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