'This book puts human beings back at the heart of the economic process. It shows how this classical, human-centred tradition, stretching from Adam Smith onward, gives us a much better understanding of economic events and what to do about them than the mechanistic, mathematical models of too many...

Cover -- Halftitle -- Title -- Copyright -- Description -- Contents -- Testimonials -- Preface -- Chapter 1: Introduction -- Chapter 2: In the Laboratory -- Chapter 3: Small-Scale Economics -- Chapter 4: Finance Theory -- Chapter 5: Role of Government -- Chapter 6: Human Capital -- Chapter 7:...

Treating the market economy as a complex adaptive system offers a better explanation of how it works than does the mechanical analogy of neoclassical equilibrium theory. The nonlinear interactions of millions of individual human beings, coupled with the influence of chance, result in the...