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Adaption, emergence and evolution

In: The Rediscovery of Classical Economics

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Abstract

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.

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  • ., 2013. "Adaption, emergence and evolution," Chapters, in: The Rediscovery of Classical Economics, chapter 4, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15080_4
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    1. Watson, Keri B. & Ricketts, Taylor & Galford, Gillian & Polasky, Stephen & O'Niel-Dunne, Jarlath, 2016. "Quantifying flood mitigation services: The economic value of Otter Creek wetlands and floodplains to Middlebury, VT," Ecological Economics, Elsevier, vol. 130(C), pages 16-24.

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    Economics and Finance;

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