Markets From Networks

Unveils a theory of the market economy. Arguing that most economists use overly abstract models of how the economy operates, this book seeks an empirically based alternative. It creates mathematical models of how the economy works and how the interaction of its sectors creates mutual protection from [...]
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Unveils a theory of the market economy. Arguing that most economists use overly abstract models of how the economy operates, this book seeks an empirically based alternative. It creates mathematical models of how the economy works and how the interaction of its sectors creates mutual protection from the uncertainties of business.