The Microeconomics of Complex Economies: Evolutionary, Institutional, Neoclassical, and Complexity Perspectives

This introduction to complex economies usesgame theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies;information and innovation, including national/regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use.Its final chapter on policy perspectives and decisions confirms the value of the toolset.Written so chapters can be used independently,The Microeconomics of Complex Economies includes simulation packages and pedagogical supplements.Its formal, accessible treatment ofcomplexity offers a glimpse of complexityto those who want tolook beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21^st century demands a reconsideration oforthodox economic theories.When students realize that processes require strategic knowledge and when they understand the connections between economics, modern biology, and systemic physics, they can enjoy dealing with "true" uncertainty.