The Foundations of Non-Equilibrium Economics: The Principle of Circular and Cumulative Causation

The Foundations of Non-Equilibrium Economics: The Principle of Circular and Cumulative Causation
ISBN-10
1135256438
ISBN-13
9781135256432
Category
Business & Economics
Pages
214
Language
English
Published
2009-09-10
Publisher
Routledge
Author
Sebastian Berger

Description

This thought-provoking volume seeks to answer some of the ultimate economic questions in terms of a theory that emerged with Adam Smith and is now come to full fruition; the principle of circular and cumulative causation (CCC) This full-fledged theoretical framework explains the whole interplay of technology, firms, resources, culture, institutions and economic policy to understand the basic drives behind modern day economic dynamics.

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