✨ Buy more, save 5% Ends this month

Rethinking Economic Behaviour: How the Economy Really Works - Hardback

$117.22

(No reviews yet) Write a Review

Physical book delivery

Shipping calculated at checkout.

Estimated delivery

5–10 business days

in stock

Adding to cart… The item has been added

Product Details

Author:: D. Simpson
Publisher:: Palgrave MacMillan
Publication Date:: Sep 29, 2000
Number of pages:: 234 pages
Binding:: Hardback or Cased Book
ISBN-10:: 0333779266
ISBN-13:: 9780333779262

Overview

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.