The Futility of Utility: how market dynamics marginalize Adam Smith
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References listed on IDEAS
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Cited by:
- Tursoy, Turgut & Berk, Niyazi, 2020. "Discussion of Financial Integration at the Global Market Era," MPRA Paper 100115, University Library of Munich, Germany.
- McCauley, Joseph L, 2002. "Adam Smith's invisible hand is unstable: physics and dynamics reasoning applied to economic theorizing," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 314(1), pages 722-727.
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More about this item
Keywords
Utility; general equilibrium; nonintegrability; control dynamics; conservation laws; chaos; instability; supply-demand curves; nonequilibrium dynamics;All these keywords.
JEL classification:
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
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