Competition: The Birth of a New Science [Kindle ePUB] BY James Case
Interesting book combining an introduction to various forms of game theory with a engthy discussion of game theory with a engthy discussion of and especially of the putative gains from trade The two discussions are tied together by the following thesis classical economics is not an experimental science an experimentally based science of competition is now developing this science is not consistent with the dogmas of classical economics therefore some of said dogmas should be abandoned or modified The author has a web site for Mathematicians Against Free Trade In some sense a non traditional ook at economics Worth the read Much of its
Content Is Uite Interestingis uite interesting it compares orthodox economic thought pretty much free market economics with heterodox economics which attempts to formalize economics in a competitive environment As the number of competitors increases the ability to model the environment becomes difficult Only in recent times with improved mathematical models and advanced computation. The Mathematical Theory of Games Sheds Light On A Wide Range of Competitive Activities What do chess playing computer programs biological evolution competitive sports gambling alternative voting systems public auctions corporate globalization and class warfare have in common All are manifestations of a new paradigm in scientific thinking which James Case calls the emerg.
Free download Competition: The Birth of a New ScienceAl methods has it been possible to create and view diffent modelsAt the end of the book the author claims that the way to and view diffent modelsAt the end of the book the author claims that the way to any of these models would be for the government to reuire The Dom With The Kink Monsters Badass Brats 4 licensed employment agencies andicensed farm cooperatives to control the abor and food supply HuhThe early discussion was interesting but the final conclusions "I found appalling Subtitle The Birth of a New Science Economics has been "found appalling Subtitle The Birth of a New Science Economics has been facto the study of competition for about half a century since it became clear to any objective observer that communism didn t work the way Marx claimed it would How much was really earned According to the author of this book James Case very little and not so much forack of evidence as because of an unwillingness to see what was in front of them Case s argument essentially asserts that most of modern economics is iterally pseudo scienceCase does a fairly effective job of showing that in fact a number of uite well designed studies have been mad. Ing science of competition Drawing in part on the pioneering work of mathematicians such as John von Neumann John Nash of A Beautiful Mind fame and Robert Axelrod Case explores the common game theoretical strands that tie these seemingly unrelated fields together showing how each can be better understood in the shared ight of the others Not since James Gleick's bestsel. E of how humans behave in competitive situations and they have produced uite intriguing results The problem is that none of them have had the desired outcomeWhat they have shown instead is that humans are irrational and tend to ape One Another S Behavior In Ways That another s behavior in ways that their errors Bidders at an auction tend to spend for the item auctioned than they should stock price fluctuations have ittle to do with the underlying value of the companies they represent ownership of markets spend orders of magnitude on advertising than any even semi rational allocation of resources would call for and purveyors of financial instruments among many others do better when their customers are unable to compare one product with another because they are too complicated to understandOrthodox economic theory would disagree with all of this Case makes the excellent point that just as Intelligent Design is considered a pseudo sci In the end not very interesting or teaching me anything new. Ling book Chaos brought widespread public attention to the new sciences of chaos and complexity has a general interest science book served such an eye opening purpose Competition will appeal to a wide range of readers from policy wonks
And Futurologists Tofuturologists to former other ordinary citizens seeking to make sense of a host of novel and freuently controversial issue.