The Rediscovery of Classical Economics: Adaptation, Complexity and Growth

by David Simpson

David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary.

• Format: Hardcover
• Language: English
• ISBN: 1781951969
• ISBN13: 9781781951965
• Release Date: June 2013
• Publisher: Edward Elgar Publishing
• Length: 224 Pages