CHAPTER ELEVENMarkets evolving
1. Introduction
This book lays out economics as a science of markets. The previous chapters have outlined the main elements needed for a comprehensive and transdisciplinary view of markets, including the general evolutionary framework, the issue of values, specialisation, production, and technology; the role of agency as embedded in individuals, networks, and institutions; and the role of money. This chapter draws these threads together to develop a systematic perspective on markets and their evolution. It is deliberately placed on what would form the borderline between a micro- and macroeconomic perspective in a standard textbook: On the one hand, it delves deeper into the analysis ...
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