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Patterns in Economic Activity

In: Rethinking Economic Behaviour

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  • David Simpson

Abstract

The characteristic feature of complex adaptive systems is the spontaneous emergence of order, in the form of identifiable regularities or patterns at the aggregate level of the system as a whole, out of the apparently disorderly interactions of the individual agents or elements of the system. In Chapter 8 we noticed the emergence of a network of markets as one of the regularities of the complex adaptive system which is the market economy. In this chapter, we review four other patterns which emerge in market economies. The first two of these, the pattern of economic growth and the pattern of the business cycle are qualitative rather than quantitative. The second two, patterns in the spatial location of economic activity and patterns in production, are measurable.

Suggested Citation

  • David Simpson, 2000. "Patterns in Economic Activity," Palgrave Macmillan Books, in: Rethinking Economic Behaviour, chapter 11, pages 125-141, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51355-6_11
    DOI: 10.1057/9780230513556_11
    as

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