Shaking the Invisible Hand: Complexity, Choices and Critiques
Palgrave Macmillan | 2006-04-30 | ISBN: 1403999465 | 421 pages | PDF | 2 MB
Shaking the Invisible Hand makes the case that economies are complex systems and in response to this, develops a unique dynamic nonequilibrium process analysis of macroeconomics. It provides a brief introduction to complex systems, chaos theory and unit roots. The importance and implications of contingency for economic behaviour are developed. Moore develops a new tool of 'Process Analysis' to replace equilibrium analysis in order to analyze macroeconomic phenomena in historical time.