Titlebook: Rethinking Economic Behaviour; How the Economy Real David Simpson Book 2000 Palgrave Macmillan, a division of Macmillan Publishers Limited

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The Pretence of Knowledge,‘To accommodate assumptions not to reality but to the requirements of technique will be thought a rather du- bious scientific procedure’.

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Economics and Business,‘… the Learned give up the evidence of their senses to preserve the coherence of the ideas of their imagination.

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Implications for Economics,We can begin by restating the essential differences between the approach to the study of economic phenomena represented by neoclassical equilibrium economics, and by what we may call the complexity approach.

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Conclusions,This book has introduced a new paradigm for understanding how a contemporary advanced market economy works. The economy has been presented as an evolving complex system of interac- tions amongst human beings, where institutions and entrepre- neurial behaviour play a central part, and there are increasing returns to scale at an aggregate level.