If we assume equilibrium, we place a very strong filter on what we can see in the economy. Under equilibrium by definition there is no scope for improvement or further adjustment, no scope for exploration, no scope for creation, no scope for transitory phenomenon, so anything in the economy that takes adjustment - adaptation, innovation, structural change, history itself - must be bypassed or dropped form theory. The result is a beautiful structure, but it is one that lacks authenticity, aliveness and creation. -W.B. Arthur, ‘Complexity and the ...
© Kariappa Bheemaiah 2017
Kariappa Bheemaiah, The Blockchain Alternative, 10.1007/978-1-4842-2674-2_4
4. Complexity Economics: A New Way to Witness Capitalism
Kariappa Bheemaiah1
(1)Paris, Paris, France
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