Author Archives: rdmckaye

The Economy the Swarm Built

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 [...]

Posted in Economics of Sustainability, Robert Douglas McKaye | Comments closed