Is a transdisciplinary perspective on economic complexiy possible?

Abstract

“When demand and supply are in stable equilibrium, if any accident should move the scale of production from its equilibrium position, there will be instantly brought into play forces tending to push it back to that position; just as if a stone hanging by a string is displaced from its equilibrium position… But in real life such oscillations are seldom as rhythmical as those of a stone hanging freely from a string; the comparison would be more exact if the string were supposed to hang in the troubled waters of a mill-race, whose stream was at one time allowed to flow freely and at another partially cut off. Nor are these complexities sufficient to illustrate all the disturbances with which the economist and the merchant alike are forced to concern themselves.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 92,931

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

  • Only published works are available at libraries.

Analytics

Added to PP
2009-01-28

Downloads
14 (#1,017,860)

6 months
2 (#1,257,544)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

Towards a transdisciplinary econophysics.Christophe Schinckus & Franck Jovanovic - 2013 - Journal of Economic Methodology 20 (2):164-183.

Add more citations

References found in this work

No references found.

Add more references