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Rethinking Economic Behaviour: How the Economy Really Works
David Simpson
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Description for Rethinking Economic Behaviour: How the Economy Really Works
Hardcover. Treating the market economy as a complex adaptive system is argued to offer a better explanation of how it works than does the mechanical analogy of neoclassical equilibrium theory. This work demonstrates the implication of complexity theory for business and government decision making. Num Pages: 244 pages, biography. BIC Classification: KCB; KCS. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 203 x 127 x 20. Weight in Grams: 498.
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.
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.
Product Details
Format
Hardback
Publication date
2002
Publisher
Palgrave Macmillan
Number of pages
248
Condition
New
Number of Pages
234
Place of Publication
Basingstoke, United Kingdom
ISBN
9780333779262
SKU
V9780333779262
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About David Simpson
DAVID SIMPSON is Economic Adviser to the Standard Life Assurance Company, and is currently an Honorary Professor at Heriot-Watt University, a Trustee of the David Hume Institute, and a member of the Advisory Council of the Institute of Economic Affairs. He is the author of several books, including General Equilibrium Economics (1975), The Political Economy of Growth (1983), and The ... Read more
Reviews for Rethinking Economic Behaviour: How the Economy Really Works
'Professor David Simpson has launched the most authoritative assult so far on mainstream economic thinking and the neoclassical equilibrium theory that underlies it.' - Lord David Howell, Daily Telegraph 'David Simpson has written a very important book. In his usual clear and incisive style he demolished the idea that economy is like a machine and he sets ... Read more