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Evolution, Time, Production and the Environment

  • Book
  • © 1990

Overview

Authors:
  1. Malte Faber

    1. Alfred Weber-Institut für Sozial- und Staatswissenschaften, Universität Heidelberg, Heidelberg 1, Germany

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  2. John L. R. Proops

    1. Department of Economics and Management Science, University of Keele, Staffordshire, UK

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xv
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  2. Aims

    1. Front Matter

      Pages 1-1
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    2. Introduction

      • Malte Faber, John L. R. Proops
      Pages 3-12

  3. Evolution

    1. Front Matter

      Pages 13-13
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    2. The Concept of Evolution

      • Malte Faber, John L. R. Proops
      Pages 15-36

    3. An Evolutionary Approach to Production and Innovation

      • Malte Faber, John L. R. Proops
      Pages 37-51

  4. Time

    1. Front Matter

      Pages 53-53
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    2. Economic Analysis and Concepts of Time Irreversibility

      • Malte Faber, John L. R. Proops
      Pages 55-73

    3. Time in the Natural Sciences: Some Lessons for Economics

      • Malte Faber, John L. R. Proops
      Pages 74-85

    4. Time, Conceptual Structures and Economic Schools of Thought

      • Malte Faber, John L. R. Proops
      Pages 86-96

  5. Production and Innovation

    1. Front Matter

      Pages 97-97
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    2. Economy — Environment Interactions in the Long — Run

      • Malte Faber, John L. R. Proops
      Pages 99-108

    3. Production, Accumulation and Time: A Neo — Austrian Approach

      • Malte Faber, John L. R. Proops
      Pages 109-143

    4. The Neo — Austrian Approach: Extensions to the Model

      • Malte Faber, John L. R. Proops
      Pages 144-173

    5. A Neo — Austrian Simulation Model of Economy — Environment Interactions

      • Malte Faber, John L. R. Proops
      Pages 174-210

  6. Final Thoughts

    1. Front Matter

      Pages 211-211
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    2. Policy Implications and the Need for Interdisciplinary Research

      • Malte Faber, John L. R. Proops
      Pages 213-224

  7. Back Matter

    Pages 225-240
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Keywords

About this book

Long-run interactions between the economy and the natural environment are studied from all points of view. First, the aims of this overview are illustrated in Part I. Part II then explores and develops the concept of evolution, in particular distinguishing between evolution which does not involve the emergence of novelty, and evolution where novelty does occur. In Part III three types of time irreversibility are developed, and these concepts are used to show how time has been treated in the natural sciences, also typifying various schools of economic thought. Part IV is concerned with the economic modelling of these concepts. It extends and adapts neo-Austrian capital theory to provide a basis for the modelling of long-run economy-environment interactions. A heuristic simulation model is described, and its simulation results discussed. Part V draws some lessons from the earlier discussion and analysis. It also stresses the role and the importance of interdisciplinary work for the understanding of relationships between economic activity and the natural environment.

Authors and Affiliations

  • Alfred Weber-Institut für Sozial- und Staatswissenschaften, Universität Heidelberg, Heidelberg 1, Germany

    Malte Faber

  • Department of Economics and Management Science, University of Keele, Staffordshire, UK

    John L. R. Proops

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