Economic modelling that employs ‘the complex systems’ approach shows that factors such as communication and diversity are vital to systematic function and evolution. A ‘complex systems’ model of market evolution is presented and discussed to illustrate these issues.
Paper presented at the STEP Conference, 30 November-5 December, 1996, Department of Economics, University of Queensland, Australia.
International Ecotechnology Research Centre, Cranfield Institute of Technology, Bedford, MK43 OAL, UK.
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Allen, op. cit., Ref. 5.
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