This book describes a new scientific paradigm of economics that unifies the diverse thoughts of economics to provide a simplified but holistic view of real-world economic and
social structures. It goes deep into very fundamental dynamics of rational behavior of economic agents with respect to information sharing amid their diverse self-interests. In
a real-world economy, the probability of achieving Pareto efficiency for a subset of the population is much higher than for the whole population. This model is enhanced to
describe that our market is not uniform but distributed in layers of energy states. Our social and economic institutions can be subjectively modeled as an information biasing
chain where economic agents are positioned in different abstract coalitions according to the interdependence of their payoff functions. The upper layer coalitions virtually
control the institutions for dominance, and they have greater influences on our markets that provoke growth by exhausting energy and other natural resources.
This book describes a new scientific paradigm of economics that unifies the diverse thoughts of economics to provide a simplified but holistic view of real-world economic and
social structures. It goes deep into very fundamental dynamics of rational behavior of economic agents with respect to information sharing amid their diverse self-interests. In
a real-world economy, the probability of achieving Pareto efficiency for a subset of the population is much higher than for the whole population. This model is enhanced to
describe that our market is not uniform but distributed in layers of energy states. Our social and economic institutions can be subjectively modeled as an information biasing
chain where economic agents are positioned in different abstract coalitions according to the interdependence of their payoff functions. The upper layer coalitions virtually
control the institutions for dominance, and they have greater influences on our markets that provoke growth by exhausting energy and other natural resources.
This new text book by Urs Birchler and Monika Butler is an introduction to the study of how information affects economic relations. The authors provide a narrative treatment of the more formal...
The notion of information is multifaceted. According to the case, it is a simple signal or already knowledge. lt responds to codes and is inscribed into a social relationship. There are clearly many...
On May 20, 1976, the Economics Department of the City College of the City University of New York held its fourth annual conference. Eight papers followed by eight com ments were delivered on the...
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