The flying geese model, a theory of industrial development in latecomer economies, was developed in the 1930s by the Japanese economist Akamatsu Kaname (1896–1974). While rarely known in western countries, it is highly prominent in Japan and seen as the main economic theory underlying Japan’s economic assistance to developing countries. Akamatsu’s original interpretation of the flying geese mod...

Variations in magnetic or electrostatic confinement fields give rise to trapping separatrices, and neoclassical transport theory analyzes effects from collision-induced separatrix crossings. Experiments on pure electron plasmas now quantitatively characterize a broad range of transport and wave damping effects due to "chaotic" separatrix crossings, which occur due to equilibrium plasma rotation...

More than thirty years ago, Charnes, Cooper and Schinnar (1976) established an enlightening contact between economic production functions (epfs) — a cornerstone of neoclassical economics — and information theory, showing how a generalization of the Cobb-Douglas production function encodes homogeneous functions. As expected by Charnes et al., the contact turns out to be much broader: we show how...

This study presents results from a pilot field experiment that tests predictions of competitive market theory. A major advantage of this particular field experimental design is that my laboratory is the marketplace: subjects are engaged in buying, selling, and trading activities whether I run an exchange experiment or am a passive observer. In this sense, I am gathering data in a natural enviro...

This note presents an algorithm that extends a binary choice model to choice among multiple alternatives. Both neoclassical microeconomic theory and Luce choice model are consistent with the proposed algorithm. The algorithm is compatible with several empirical findings (asymmetric dominance and attraction effects) that cannot be explained within standard models.

This is a schools brief style of introduction to evolutionary economics. It addresses the nature of evolutionary theory in relation to economics, and examines why evolutionary economists argue that market-capitalism is an evolutionary system. Finally, it argues that liberal economic philosophy has much stronger and more direct relationship with evolutionary economic analysis than neoclassical e...

Abstract—Modeling artificial societies that form an economy can add to our understanding of modern economic theory. A case of interest is the Sugarscape model developed by Joshua M. Epstein and Robert Axtell. In many respects, Sugarscape exhibits emergent behaviors that adhere to neoclassical economics; however, other behaviors of the model do not coincide as well with economic theory. We explo...