Keynes, Hayek and Complexity

Abstract

In the spirit of the overall topic of the conference, in this paper I consider the extent to which economic theory includes elements of the complex systems approach. I am setting to one side here the developments over the past decade in applying complex systems analysis to economic problems. This is not because this recent work is not important. It most certainly is. But I want to argue that there is a very distinct tradition of what we would now describe as a complex systems approach in the works of two of the greatest economists of the 20 century.

Cite this paper

@inproceedings{Ormerod2007KeynesHA, title={Keynes, Hayek and Complexity}, author={Paul Ormerod}, year={2007} }