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Rethinking Economic Behaviour

How the Economy Really Works

  • Authors
  • David┬áSimpson

Table of contents

  1. Front Matter
    Pages i-x
  2. David Simpson
    Pages 1-12
  3. David Simpson
    Pages 13-24
  4. David Simpson
    Pages 25-41
  5. David Simpson
    Pages 43-58
  6. David Simpson
    Pages 59-68
  7. David Simpson
    Pages 69-77
  8. David Simpson
    Pages 95-101
  9. David Simpson
    Pages 103-116
  10. David Simpson
    Pages 117-124
  11. David Simpson
    Pages 125-141
  12. David Simpson
    Pages 143-152
  13. David Simpson
    Pages 153-165
  14. David Simpson
    Pages 167-177
  15. David Simpson
    Pages 179-206
  16. David Simpson
    Pages 207-212
  17. Back Matter
    Pages 213-234

About this book

Introduction

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.

Keywords

assessment business business cycle complexity economic growth economics economy equilibrium growth institutions interaction

Bibliographic information

Industry Sectors
Finance, Business & Banking