The New Evolutionary Microeconomics: Complexity, Competence, and Adaptive Behaviour

'I picked this book up and could not put it down, it is a fantastic read - a brilliant volume. It really is a very major and highly original piece of work.' - Geoffrey M. Hodgson, University of Hertfordshire, UK 'I think this is a very good book . . . Potts writes very, very well and some of his exposition of technical points and issues is spectacularly good.' - Richard R. Nelson, Columbia University, US 'This is a well structured, well written and imaginative book. It connected very effectively with my own ways of thinking while providing enlightening new perspectives and indeed substantive novelty. My recent writing would have been better had I been able to read this book first, and if my future writing is not better as a result of reading it that will be my fault.' - Brian J. Loasby, University of Stirling, UK This highly innovative and original book proposes evolutionary microeconomics as a synthesis of the collective schools of heterodox economic thought with complex systems theory and graph theory. the book charts a research programme for evolutionary economics that encompasses the theory of dynamic efficiency and emergence in markets, a computational model of the learning and interacting agent, a competence based theory of the firm and the household, and, via a theory of expectations and plans, an agent-based foundation to macroeconomics.