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What is a Complex Adaptive Economy? – Kieran D. Kelly

See on Scoop.itBounded Rationality and Beyond

The Economy as a Complex Adaptive System self-organizing a “Complex Equilibrium” driven by the “Invisible Hand” of Competitive Innovation. 

The Complex Adaptive Economy is an economy operating in two dimensions —“Trade” and “Complexity”.

Trade is the dimension that gets the most press, for it is the short-term dimension of GDP numbers and current economic activity; but complexity is in fact the more important dimension for it is the long-term dimension of progress and future innovation — the dimension that both, makes life in this economy more interesting and diverse, and increases the economy’s international competitiveness, all through the work of the “Invisible Hand”!

See on kierandkelly.com



Time is real? I think not

maggio: 2015
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