On the Emergence of the Market Pattern
I examine the work of POLANYI  to extract from it hypotheses related to the emergence and operation of the capitalist system. I adapt models from the literature on complex adaptive systems and evolutionary game theory to build a fictitious society in which I "test" those hypotheses. The results are encouraging: The model provides functional insight on the relationship between the commoditization of labor and the emergence of a self-equilibrating market economy.
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Volume (Year): 154 (1998)
Issue (Month): 3 (September)
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