The invisible hand is an emergent property of this system, … - David Orrell

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The invisible hand is an emergent property of this system, which never reaches an optimal equilibrium, but instead is fundamentally dynamic and unstable, with complex effects on society.

David Orrell

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About David Orrell

David John Orrell (born 1962 in Edmonton) is a Canadian mathematician and author who is living in Oxford, England. He received his doctorate in mathematics from the University of Oxford.

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Alternative Names: David John Orrell

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Steve Keen John Komlos Joan Robinson John Kenneth Galbraith John Maynard Keynes

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Mathematics was not just about keeping track of were the moon was going, but also where the money was going.

If the aim of economics is really to provide the greatest happiness to the most people, than it is rather shocking to discover that economic growth has no net effect on happiness. So what has gone wrong with the neoclassical prospect?

The market can quickly seize up. Prices don't adjust in a smooth continuous fashion, but instead abruptly reconfigure themselves, like the earth's crust during an earthquake.

The invisible hand is an emergent property of this system, which never reaches an optimal equilibrium, but instead is fundamentally dynamic and unsta… - David Orrell

About David Orrell

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