EAN: 9784431568933

FROM REPRODUCTION TO EVOLUTIONARY GOVERNANCE KA...

This book combines modern evolutionary economics and classical political economy. Modern
evolutionary economics with its pluralistic and contingent view of reproduction does not
presuppose equilibrium or harmonious reproduction. A society that consists of multiple agents
needs to establish an order from the interactions of those agents. The book introduces a
normative and a practical dimension where mutual justification occurs through the act of
exchange. Mutual justification ultimately leads to the emergence of social and economic order 
an approach that the author dubs approval theory. The division of labor proceeds alongside the
emergence of money and capital  and the book discusses the dual structure of the real and
financial economy that is the consequence. It then interprets collective action using the twin
concept of voice and exit and proposes the concept of evolutionary governance to explain the
politico-economic aspects of the social economy. As such  this book shows the promising
direction in which the modern political economy is now proceeding  in accordance with the
contingent process of evolutionary reproduction. Further  two collaborating authors supply a
game-theoretical interpretation of approval theory and an exploration of the evolution of
dynamical systems  respectively.

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