Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

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Capitalism


Affiliations
1 Department of Economics, University of Mumbai, Vidyanagari, Mumbai 400 098, India
     

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We model the transition from industrial to financial capitalism as an evolutionary game. The relative magnitudes of the payoffs as well as the likelihood of success matter for the movement from one regime to the other.
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  • Capitalism

Abstract Views: 463  |  PDF Views: 0

Authors

Romar Correa
Department of Economics, University of Mumbai, Vidyanagari, Mumbai 400 098, India

Abstract


We model the transition from industrial to financial capitalism as an evolutionary game. The relative magnitudes of the payoffs as well as the likelihood of success matter for the movement from one regime to the other.


DOI: https://doi.org/10.21648/arthavij%2F2008%2Fv50%2Fi4%2F115416