Analyzing Market Economies from the Perspective of Information Production, Policy, and Self-Organized Equilibrium
A modern market economy is an exceedingly complex, infinite-dimensional, stochastic dynamical system. The failure of mainstream economists to characterize its dynamics may well be due to its intractability. This paper argues that the characterization of its dynamics becomes almost trivial when it is...
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| Format: | Article |
| Language: | English |
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Sprint Investify
2016-04-01
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| Series: | Expert Journal of Economics |
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| Online Access: | http://economics.expertjournals.com/23597704-403/ |