Tag Archives: far from equilibrium system

10 Fundamental Fixes for Economics

Notes to myself for a discussion of the book Economy, Society, Nature at the Sustainable Prosperity Conference, Adelaide, 10-12 Jan 2020.

 

• Identify the system as a far-from-equilibrium self-organising system – wild horses versus the neoclassical rocking horse. Markets must be managed, through their incentives.

Continue reading