The Economy as a Machine

David Simpson

Chapter 2 in Rethinking Economic Behaviour, 2000, pp 13-24 from Palgrave Macmillan

Abstract: Abstract ‘Systems which have universally owed their origin to the lucubrations of those who were acquainted with one art, but ignorant of the other; who therefore explained to themselves the phenomena, in that which was strange to them, by those in that which was familiar; and with whom, upon that account, the analogy, which in other writers gives occasion to a few ingenious similitudes, became the great hinge on which everything turned.’

Keywords: Market Economy; Mechanical Analogy; Equilibrium Theory; Neoclassical Economist; Short Term Interest Rate (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_2

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DOI: 10.1057/9780230513556_2

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