Capitalism as a Complex Evolving System
Economies are often classified into polar divisionsâ€”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 economistâ€™s tendency to see the economy and government as separate and not co-evolving intertwined systems mischaracterizes the policy problems facing society. The paper briefly outlines the policy implications of seeing the economy as a complex evolving system, arguing an important policy goal of government is to set up an ecostructure that helps individuals achieve their ethically acceptable desires and goals for a life well lived. Theoretical debates about market vs. government do little to further that goal.
Volume (Year): 3 (2014)
Issue (Month): 1 (January)
|Contact details of provider:|| Postal: Hoşdere Cad. 24/4, TR-Çankaya, Ankara|
Phone: (+90 312) 468 25 89
Fax: (+90 312) 468 25 99
Web page: http://www.tek.org.tr/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mill, John Stuart, 1848. "Principles of Political Economy (II): Distribution," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 2, number mill1848-2.
- David Colander & Roland Kupers, 2014. "Complexity and the Art of Public Policy: Solving Society’s Problems from the Bottom Up," Economics Books, Princeton University Press, edition 1, number 10207, 09-2014.
- Mill, John Stuart, 1848. "Principles of Political Economy (III): Exchange," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 3, number mill1848-3.
- Mill, John Stuart, 1848. "Principles of Political Economy (I): Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number mill1848-1.
When requesting a correction, please mention this item's handle: RePEc:tek:journl:v:3:y:2014:i:1:p:13-22. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ercan Uygur)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.