Rethinking economic behaviour : how the economy really works
Author(s)
Bibliographic Information
Rethinking economic behaviour : how the economy really works
Macmillan , St. Martin's Press, 2000
Available at / 11 libraries
-
No Libraries matched.
- Remove all filters.
Note
Includes bibliographical references (p. 225-230) and index
Description and Table of Contents
Description
Treating the market economy as a complex adaptive system offers a better explanation of how it works than does the mechanical analogy of neoclassical equilibrium theory. The nonlinear interactions of millions of individual human beings, coupled with the influence of chance, result in the emergence of markets. Other regularities emerge in the patterns of economic growth, business cycles and in the spatial locations of economic activity. Rethinking Economic Behaviour demonstrates the implication of complexity theory for business and government decision-making, and concludes with an assessment of the future evolution of the market economy.
Table of Contents
Preface Introduction The Economy as a Machine The Pretence of Knowledge Economics and Politics Economics and Business From Mechanical to Biological Analogies The Economy as a Human Complex Adaptive System The Co-ordination of Economic Activity The Evolution of Economic Institutions The Lessons of History Patterns in Economic Activity Adaptation in the Market Economy Implications for Economics Implications for Business and Government The Future of the Market Economy Conclusions Notes Inde
by "Nielsen BookData"
