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Prosperity and recession

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. "Prosperity and recession," Chapters, in: The Rediscovery of Classical Economics, chapter 8, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15080_8
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    Cited by:

    1. Raghuram, G. & Prashanth D. Udayakumar & Richa Prajapati, 2015. "Effect of Legal Issues in Infrastructure Development: The Case of Container Terminal Bids in Jawaharlal Nehru Port Trust," IIMA Working Papers WP2015-10-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    2. Késmárki-Gally, Szilvia Erdeiné, 2014. "The Market-Oriented Production System As A Part Of Agricultural Innovation," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2014(6).

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    Keywords

    Economics and Finance;

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