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The Meaning of Open Systems

In: Foundations for New Economic Thinking

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Listed:
  • Sheila C. Dow

    (University of Stirling)

  • Victoria Chick

Abstract

Thinking about the economy in terms of systems has a long pedigree, but the terminology of openness and closure in economics is attracting increasing attention. It is apparent that these terms are being employed differently, not only between mainstream and non-mainstream economists but also within non-mainstream economics. The purpose of this chapter is to tease out these differences in meaning and, more important, the underlying methodological approaches which account for these differences. This exercise is offered as a contribution to clarifying the debate.

Suggested Citation

  • Sheila C. Dow & Victoria Chick, 2012. "The Meaning of Open Systems," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 11, pages 178-196, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-00072-9_11
    DOI: 10.1057/9781137000729_11
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    References listed on IDEAS

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    9. Victoria Chick, 1983. "Macroeconomics after Keynes: A Reconsideration of the General Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530457, December.
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