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Economics/Finances Shaking the Invisible Hand: Complexity, Choices and Critiques
Posted on 2010-03-16
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More Shaking the Invisible Hand: Complexity, Choices and Critiques Shaking the Invisible Hand makes the case that economies are complex systems and in response to this, develops a unique dynamic nonequilibrium process analysis of macroeconomics. It provides a brief introduction to complex systems, chaos theory and unit roots. The importance and implications of contingency for economic behaviour are developed. Moore develops a new tool of 'Process Analysis' to replace equilibrium analysis in order to analyze macroeconomic phenomena in historical time.
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