Alternative perspectives on connections in economic systems

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Title Alternative perspectives on connections in economic systems
Author Earl, Peter E.; Wakeley, Tim Michael
Journal Name Journal of Evolutionary Economics
Year Published 2010
Place of publication Germany
Publisher Springer
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.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.1007/s00191-009-0147-7
Volume 20
Issue Number 2
Page from 163
Page to 183
ISSN 0936-9937
Date Accessioned 2010-09-17
Language en_AU
Faculty Griffith Business School
Subject Economics
URI http://hdl.handle.net/10072/34327
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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