IDEAS home Printed from https://ideas.repec.org/a/shc/jaresh/v3y2011i3p411-417.html
   My bibliography  Save this article

Complexity Theory And Hayekian Natural Order

Author

Listed:
  • CRISTINA STELIANA CIOTE

Abstract

Although it is a relatively new subject discussed worldwide by economic researchers, the complexity paradigm invites us to make ample incursions in time in order to understand the substantial differences between the optics of standard economic theory and the holistic approach of the new economy. For hundreds of years the ideas regarding economic systems have continuously refined themselves. By making an incursion in the history of economic thought, concepts such as the invisible hand or spontaneous order are brought to light, concepts which have no purpose but that of capturing the self-organizing characteristic of economic systems and their unique structure based on autonomous agents, features particular only to complex systems.

Suggested Citation

  • Cristina Steliana Ciote, 2011. "Complexity Theory And Hayekian Natural Order," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 3(3 (Novemb), pages 411-417.
    • Handle: RePEc:shc:jaresh:v:3:y:2011:i:3:p:411-417
    as

    Download full text from publisher

    File URL: http://www.jare-sh.com/downloads/abstract_nov_2011/ciote.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    natural order; complexity theory; holistic view; complex systems;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:shc:jaresh:v:3:y:2011:i:3:p:411-417. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Claudiu Chiru (email available below). General contact details of provider: https://edirc.repec.org/data/fcuspro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.