Alternative perspectives on connections in economic systems

No Thumbnail Available
File version
Author(s)
E. Earl, Peter
Wakeley, Tim
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)
Date
2010
Size
File type(s)
Location
License
Abstract

This paper explores the significance of Potts's (2000) claim that the key difference between orthodox and heterodox economics lies in the former viewing the economy as a mathematical field in which everything is connected to everything else, and the latter viewing it as a complex system in which only some elements are connected. It focuses on the types of connections in economic systems that different economists have identified and the significance of the degree of connectivity for how economic systems function. Topics explored include separable consumer networks, separable utility functions, checklist-based decision rules, lifestyles, goodwill, the nature of business strategies and evolution.

Journal Title
Journal of Evolutionary Economics
Conference Title
Book Title
Edition
Volume
Issue
Thesis Type
Degree Program
School
Publisher link
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
Item Access Status
Note
Access the data
Related item(s)
Subject
Economics not elsewhere classified
Economic Theory
Applied Economics
Persistent link to this record
Citation
Collections