Month: June 2021

Complexity Economics

Arthur WB (2021) wrote a paper comparing conventional vs complexity economics. Conventional neoclassical economics assumes: But over the past 120 years, economists such as Thorstein Veblen, Joseph Schumpeter, Friedrich Hayek, Joan Robinson, etc have objected to the equilibrium framework, each for their own reasons. All have thought a different economics was needed. It was with…

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