How does mainstream economics approach the study of complex adaptive systems?

The Inclusive Wealth Index (IWI) is built on mainstream sustainability economics, where sustainability is defined as a sum of capital assets weighted ... Aug 19, 2023 ... Graeber: “To this day, economics continues to be taught not as a story of arguments—not, like any other social science, as a welter of often ... Jul 14, 2020 ... Modern Monetary Theory (MMT) has been on the fringes of economic discussion for a decade or more, but it has recently moved from the periphery to become part ... May 27, 2019 ... We propose a synthesis according to which people indeed act by rules, which usually work well, but may work poorly in exceptional or contrived scenarios. Feb 29, 2020 ... In this chapter, I will discuss how economists persuasively define themselves as social scientists with a distinctive and effective way of looking at human ... Key Takeaways · Mainstream economics refers to the orthodox or neoclassical tradition of economics, in which markets are moved by an invisible hand and all ... Mar 24, 2019 ... Only economists are content with considering economic questions apart from any moral foundation, framework, or context. The average person balks ... Neoclassical economics conceptualized the agents, households and firms, as rational actors. Agents were modeled as optimizers who were led to "better" outcomes. Jan 31, 2023 ... Mainstream or "orthodox" economics comprise of solely the neoclassical economics in microeconomics and a synthesis of neoclassical and Keynesian economics in a ... Sep 13, 2016 ... The theory they developed is known as neoclassical economics. Today it still forms the basis of orthodox theory, and makes up the core curriculum taught to ...