Capitalism as a Complex Evolving System

@inproceedings{Colander2014CapitalismAA,
  title={Capitalism as a Complex Evolving System},
  author={David C. Colander},
  year={2014}
}
Economies are often classified into polar divisions—socialist, capitalist, communist. That approach is not especially useful. Successful systems are by nature pragmatic, and they evolve into blended pragmatic systems that quickly move out of any pre-specified space. Accepting that all systems are pragmatic has significant implications for economic thinking; for example, it suggests that economist’s tendency to see the economy and government as separate and not co-evolving intertwined… CONTINUE READING

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