Is the Study of Complex Adaptive Systems Going to Solve the Mystery of Adam Smith's `Invisible Hand' ?
Sreekala Kochugovindan & Nicolaas J. Vriend, Queen Mary and Westfield College, University of London
The Independent Review, 1998, Vol. 3, No. 1, p. 53-66
Full paper (PDF format)
Abstract. This essay starts with
the observation that the central problems of economic theory have
remained the same since Adam Smith: How, why, and when does the
'invisible hand' work? We argue that the recently developed
framework of the study of 'complex adaptive systems' may help
address these types of questions.
Nick Vriend, email@example.com
Last modified 2012-12-07