Introduction

David Simpson

Chapter 1 in Rethinking Economic Behaviour, 2000, pp 1-12 from Palgrave Macmillan

Abstract: Abstract ‘To explain economic activity in advanced human societies is like accounting for the course of a flowing stream which is constantly adapting itself to changes in circumstances of which each participant can know only a small fraction, and not for a hypothetical state of equilibrium deter- mined by a set of ascertainable data.’

Keywords: Market Economy; Complexity Theory; Complex Adaptive System; Equilibrium Theory; Market Process (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51355-6_1

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DOI: 10.1057/9780230513556_1

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