Enrichment
Economics' necessary revolution
28th December 2016
A hat tip to Bruce Fellowes for spotting this article on the research of J.Doyne Farmer, Director of the Complexity Economics Programme at the Oxford Martin School. Farmer is an expert in complex systems. His work develops when we drop the idea of single, stable equilibrium points in markets.
"Equilibrium is such a fundamental assumption in almost all economic models that the idea that it might be fundamentally wrong in many circumstances ‘makes economists really nervous’"
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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