Rethinking Economic Behaviour : How the Economy Really Works
Softcover reprint of the original 1st ed. 2000
by
D. Simpson
Book Details
Format
Paperback / Softback
ISBN-10
1349418218
ISBN-13
9781349418213
Edition
Softcover reprint of the original 1st ed. 2000
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 1st, 2000
Print length
234 Pages
Weight
276 grams
Dimensions
12.70 x 20.30 x 1.70 cms
Product Classification:
Macroeconomics
Ksh 16,200.00
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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.
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.
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