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Rethinking Economic Behaviour

Name: Rethinking Economic Behaviour
Brand: Palgrave Macmillan
SKU: 12043282
Price: 118.29 EUR
Availability: InStock
Author: D. Simpson
ISBN: 9781349418213

How the Economy Really Works

D. Simpson

Language

English

Book Paperback

Libristo code: 12043282

Publishers Palgrave Macmillan, January 2000

Treating the market economy as a complex adaptive system offers a better explanation of how it works... Full description

Libristo code: 12043282

290 b

118.29 € VAT included

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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. 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.