Comments on: Complexity Economics and Evolution – a Truly Big Idea http://www.oxfamblogs.org/fp2p/?p=115 duncan green poverty to power oxfam development Wed, 22 May 2013 17:17:35 -0500 http://wordpress.org/?v=2.8 hourly 1 By: Ian Jones http://www.oxfamblogs.org/fp2p/?p=115&cpage=1#comment-51085 Ian Jones Sun, 10 Apr 2011 13:12:30 +0000 http://www.oxfamblogs.org/fp2p/?p=115#comment-51085 Duncan, I completely agree with your statement that the economic equilibrium metophor is misleading - in fact I think it is completely inappropriate. As we've seen recently economies are a constantly changing, highly dynamic systems - interacting and responding internally and externally to factors which can not be modelled. @Peg (comment 4) - Indeed, we've seen how the banks, with lax regulation and poor risk management, have set back the world economic evolution 10 years! I doubt the economists built this into their models! Cheers, Ian Duncan, I completely agree with your statement that the economic equilibrium metophor is misleading – in fact I think it is completely inappropriate. As we’ve seen recently economies are a constantly changing, highly dynamic systems – interacting and responding internally and externally to factors which can not be modelled.

@Peg (comment 4) – Indeed, we’ve seen how the banks, with lax regulation and poor risk management, have set back the world economic evolution 10 years! I doubt the economists built this into their models!

Cheers,

Ian

]]> By: Peg Rack http://www.oxfamblogs.org/fp2p/?p=115&cpage=1#comment-50301 Peg Rack Wed, 30 Mar 2011 21:08:27 +0000 http://www.oxfamblogs.org/fp2p/?p=115#comment-50301 "Economic evolution is the result of three interlinked processes: Physical Technology; Social Technology (e.g. the rule of law, money, venture capitalism) and business designs" This makes a lot of sense from wondering how this translates into the economy we've had here in the US over the last few years since this book was written in 2006. “Economic evolution is the result of three interlinked processes: Physical Technology;
Social Technology (e.g. the rule of law, money, venture capitalism) and business designs”

This makes a lot of sense from wondering how this translates into the economy we’ve had here in the US over the last few years since this book was written in 2006.

]]> By: Jonas http://www.oxfamblogs.org/fp2p/?p=115&cpage=1#comment-1809 Jonas Wed, 07 Jan 2009 00:41:01 +0000 http://www.oxfamblogs.org/fp2p/?p=115#comment-1809 I guess Hayek's work seems closer to this view than most classical or neoclassical economics (mostly in his Law, Legislation and Liberty). It's rather unfortunate that it gets mixed with much cold-war garbage. I guess Hayek’s work seems closer to this view than most classical or neoclassical economics (mostly in his Law, Legislation and Liberty). It’s rather unfortunate that it gets mixed with much cold-war garbage.

]]> By: jo http://www.oxfamblogs.org/fp2p/?p=115&cpage=1#comment-1785 jo Mon, 05 Jan 2009 14:55:03 +0000 http://www.oxfamblogs.org/fp2p/?p=115#comment-1785 Looking forward to hearing where this thinking takes you. I agree it could be fruitful - but only if it manages to address another achilles heel of most economic thinking, namely the absence of unpaid (unmonetised?)yet utterly essential activity without which the monetised economy could not function, let alone evolve... the caring work, the reproductive work... Looking forward to hearing where this thinking takes you. I agree it could be fruitful – but only if it manages to address another achilles heel of most economic thinking, namely the absence of unpaid (unmonetised?)yet utterly essential activity without which the monetised economy could not function, let alone evolve… the caring work, the reproductive work…

]]> By: Matt http://www.oxfamblogs.org/fp2p/?p=115&cpage=1#comment-1779 Matt Mon, 05 Jan 2009 12:06:06 +0000 http://www.oxfamblogs.org/fp2p/?p=115#comment-1779 I'm starting graduate school in economics next year, and I think this is an absolutely fascinating area, but, like you, I think it's hard to figure out where to go with it. I look forward to reading your thoughts over the next few days. I've thought about reading this book before, but saw it had mixed reviews and put it aside. I might pick it up again now... I’m starting graduate school in economics next year, and I think this is an absolutely fascinating area, but, like you, I think it’s hard to figure out where to go with it. I look forward to reading your thoughts over the next few days. I’ve thought about reading this book before, but saw it had mixed reviews and put it aside. I might pick it up again now…

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