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By viewing the market economy as a complex adaptive system, this book provides a fresh perspective that contrasts with traditional neoclassical equilibrium theory. It explores how nonlinear interactions among individuals and the role of chance shape market emergence, economic growth, and business cycles. The text delves into the implications of complexity theory for decision-making in business and government, ultimately assessing the future trajectory of the market economy.
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Rethinking Economic Behaviour, D. Simpson
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- Année de publication
- 2000
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