Prosperity and recession

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Chapter 8 in The Rediscovery of Classical Economics, 2013 from Edward Elgar Publishing

Abstract: David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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