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By viewing the market economy as a complex adaptive system, this book provides a deeper understanding of its dynamics compared to traditional neoclassical theories. It explores how nonlinear interactions among individuals and random events shape market emergence, economic growth patterns, and business cycles. The implications of complexity theory for decision-making in business and government are thoroughly examined, culminating in a forward-looking analysis of the market economy's future evolution.
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Rethinking Economic Behaviour, D. Simpson
- Language
- Released
- 2000
- product-detail.submit-box.info.binding
- (Paperback)
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