From reproduction to evolutionary governance : toward an evolutionary political economy
Author(s)
Bibliographic Information
From reproduction to evolutionary governance : toward an evolutionary political economy
（Evolutionary economics and social complexity science, v. 20）
Springer, c2020
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Note
Includes bibliographical references
Description and Table of Contents
Description
This book combines modern evolutionary economics and classical political economy. Modern evolutionary economics with its pluralistic and contingent view of reproduction does not presuppose equilibrium or harmonious reproduction. A society that consists of multiple agents needs to establish an order from the interactions of those agents. The book introduces a normative and a practical dimension where mutual justification occurs through the act of exchange. Mutual justification ultimately leads to the emergence of social and economic order, an approach that the author dubs "approval theory." The division of labor proceeds alongside the emergence of money and capital, and the book discusses the dual structure of the real and financial economy that is the consequence. It then interprets collective action using the twin concept of voice and exit and proposes the concept of evolutionary governance to explain the politico-economic aspects of the social economy.
As such, this book shows the promising direction in which the modern political economy is now proceeding, in accordance with the contingent process of evolutionary reproduction. Further, two collaborating authors supply a game-theoretical interpretation of approval theory and an exploration of the evolution of dynamical systems, respectively.
Table of Contents
I Introduction.- II From Reproduction To Evolution (1 Reproduction as Basic Perspective of Political Economy 2 Reproduction of What? 3 Subjects and Needs as Ontological Concept 4 Selection, Adaptation, and Innovation in Evolutionary Process 5 Evolutionary Rationality?)Appendix: Fisher's Theorem and Its Interpretation by Price (Tomonori Koyama).- III Emergence Of Subjects And Order (1 Property: Needs-Production-Appropriation 2 Social Contract Revisited 3 Reciprocal Recognition 4 Social and Economic Exchange 5 Orders and Governance). Appendix: Nested Reasoning Structure under Bounded Recognition(Tetsuya Kawamura).- IV Individual And Collective Action (1 Limits of Autistic Agents 2 Exit and Voice 3 Rise and Fall of Norms and Loyalty 4 Structured Governance under Capitalism).- V Money, Capital, And Finance (1 On Value Form 2 Duplicated World of Capitalism 3 Finance-Led Capitalism 4 Dissolution of Capitalism into Civil Society).- VI From Finance-Led Capitalism To Needs-Oriented Economy (1 Three Layers of Political Economy 2 Private and Public in Civil Society 3 Governance in Evolutionary Process -Path-Shaping Strategy).
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