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Entropy Economics: The Living Basis of Value and Production James K. Galbraith, Jing Chen ebook
- Page: 248
- Format: pdf / epub / kindle
- ISBN: 9780226827193
- Publisher: University of Chicago Press
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Overview Economists dream of equilibrium. It’s time to wake up. In mainstream economics, markets are ideal if competition is perfect. When supply balances demand, economic maturity is orderly and disturbed only by shocks. These ideas are rooted in doctrines going back thousands of years yet, as James K. Galbraith and Jing Chen show, they contradict the foundations of our scientific understanding of the physical and biological worlds. Entropy Economics discards the conventions of equilibrium and...