As the real world is rapidly becoming more and more complicated, economists need to venture beyond the boundaries of mainstream economics and integrate philosophical thought and complexity into their analytical frameworks. In this context, this volume brings together papers on economic theory and its related issues, exploring complex production systems and heterogeneously interacting human behavior. The author challenges economists to integrate economic theory and moral science anew by referring to evolutionary economics and socio-econophysics. The three parts of the book focus on the...

As the real world is rapidly becoming more and more complicated, economists need to venture beyond the boundaries of mainstream economics and integrate philosophical thought and complexity into their analytical frameworks. In this context, this volume brings together papers on economic theory and its related issues, exploring complex production systems and heterogeneously interacting human behavior. The author challenges economists to integrate economic theory and moral science anew by referring to evolutionary economics and socio-econophysics. The three parts of the book focus on the...

This book aims to discern and distinguish the essential features of basic economic theories and compare them with new theories that have arisen in recent years. The book focuses on seminal economic ideas and theories developed mainly in the 1930s to 1950s because their emergence eventually led to new branches of economics. The book describes an alternative analytical framework spreading through the interdisciplinary fields of socioeconophysics and sociodynamics. The focus is on a set of branching or critical points that separate what has gone before from what has followed. W. Brian Arthur...