Evolvodynamics - The Mathematical Theory of Economic Evolution: A Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth

Evolvodynamics - The Mathematical Theory of Economic Evolution: A Coherent Way of Interpreting Time, Scarceness, Value and Economic Growth

by Len H. Wallast

Paperback(2013)

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Product Details

ISBN-13: 9783642340550
Publisher: Springer Berlin Heidelberg
Publication date: 03/12/2013
Series: Lecture Notes in Economics and Mathematical Systems , #665
Edition description: 2013
Pages: 279
Product dimensions: 6.10(w) x 9.25(h) x 0.02(d)

About the Author

Len Wallast graduated from Delft University in Communication Engineering and became soon involved in fundamental research in that domain. He is an expert in communication/information theory and time series analysis and managed a mathematics department at Royal Philips. After he graduated with distinction at Rotterdam Erasmus University in economics he led a middle sized accounting firm bearing his name. He kept combining his business orientation with an intense scientific commitment to the theory of macro-economics. He surmised a narrow relationship between Darwinian evolutionary principles, macro-economics and Shannon’s communication theory at an early stage already many years ago. The concrete shape of this lifelong enterprise that involves the abandonment and trade-in of the methods of mainstream economics for the applied mathematical methods of the kind Shannon employed is reflected in the present work.

Table of Contents

Darwin- and Shannon-Inspired Dynamic Economic Selection.- Sets of Entropy, Selection, Venn Diagrams and Bitpulses.- The Road from Generalized Darwinism to Evolvodynamics.- Exchange and the Circulation of Entropy.- The Interpretation of the Economic Variables.- Money and Liquidity, Time, Work and Effectiveness.- Calculation.- Theory and Confirmation.- Appendices.

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