The model of contemporary economics is at a crossroads between the neoclassicist knowledge-based optimization, and the adaptation of more flexible structures under a model of ’evolutionary development’ which is aligned with looking at emerging macroeconomic behavior patterns and the embracing of new technologies. Knowledge-based economic strategy follows a rule of constrained optimization which, although providing [...]
Author Archives: rdmckaye
The Economy the Swarm Built
Posted in Economics of Sustainability, Robert Douglas McKaye Comments closed