Engines, ecologies and economic systems

.

Chapter 3 in Public Debt, 2017, pp 57-83 from Edward Elgar Publishing

Abstract: This chapter asks the reader to think whether an economy in its entirety is better construed as an engine or as an ecological system. By treating it as an engine, economists can pretend to be mechanics. Once an economy is recognized to be a complex ecological system, the mythology of global governance gives way to the reality of multiple sources of local governance. For democracies, there is no person who can reasonably be described as making choices for the regime. Instead, choices emerge out of processes of interaction among collections of people.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
https://www.elgaronline.com/view/9781786438034.00009.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:17704_3

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().