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Rethinking Economics: Markets, Technology and Economic Evolution

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Rethinking Economics is a major contribution to the reconstruction of an economic theory appropriate to the 21st century. Just as major changes are occurring in the world economy, economics itself is on the brink of change. Orthodox economics is now widely criticized for its sterility and its limited applicability to real-world economic problems. Standard theoretical tools such as general equilibrium theory are now regarded, even by their leading practitioners, as highly limited and problematic. New ideas from chaos ...

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Rethinking Economics: Markets, Technology and Economic Evolution 1991, Edward Elgar Publishing, Cheltenham

ISBN-13: 9781852784164

Hardcover