How Long to Read Evolutionary Microeconomics

By Jacques Lesourne

How Long Does it Take to Read Evolutionary Microeconomics?

It takes the average reader 5 hours and 3 minutes to read Evolutionary Microeconomics by Jacques Lesourne

Assuming a reading speed of 250 words per minute. Learn more

Description

Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium is stated without a concrete process to achieve it, market is the unique institution considered. Evolutionary microeconomics is aimed at bypassing these limitations by considering a dynamic approach, however not biologically oriented. Agents have local information and bounded rationality, they are involved in explicit processes of interactions through time, various institutions sustain the market or substitute to it. It explains then some phenomena hardly explained by classical microeconomics: dispersion of prices, variety of industrial structures, financial bubbles.

How long is Evolutionary Microeconomics?

Evolutionary Microeconomics by Jacques Lesourne is 296 pages long, and a total of 75,776 words.

This makes it 100% the length of the average book. It also has 93% more words than the average book.

How Long Does it Take to Read Evolutionary Microeconomics Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 54 minutes to read Evolutionary Microeconomics aloud.

What Reading Level is Evolutionary Microeconomics?

Evolutionary Microeconomics is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Evolutionary Microeconomics?

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