Connectionist Economics: An Outline

by Schulze, Georg

• ISBN13: 9781426948510
• ISBN10: 1426948514
• Format: Paperback
• Copyright: 2010-12-03
• Publisher: Textstream

Summary

A new theory of economics is reshaping how people think about economic systems. This theory, called connectionist economics, illuminates the simultaneous presence of equilibrium forces and volatility in economic systems and delineates the relationships between micro- and macroeconomics.The theory consists of two opposing connectionist models, representing the demand- and supply-side of a generic economic system. The demand-side draws on physiological, psychological, and social inputs, and the supply-side draws on the economic resources of land, labor, and capital, which are engaged in a process of continuous mutual adaptation.Author Georg Schulze examines a number of key variables that relate to one another directly and via important feedback loops to produce economic phenomena. He also examines additional feedback loops and parallel systems that can play a role in public economies and foreign national economies. Other key topics include:- International trade and the interactions between systems- The production of economic cycles through interactions between networks- The implications of the connectionist theory of economics.Discover a single theory that provides a different perspective on economics.Connectionist Economicsrests on a solid foundation and can change the world.