The strength of capitalism does not lie in the neoclassical… - David Orrell

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The strength of capitalism does not lie in the neoclassical idea of stability, but in its ability to unleash this creative energy. like a chaotic mathematical system, it is capable of producing surprise.

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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For even money itself has no value if there is no network of people to recognize it.

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.

The economy is crooked not straight; and mainstream economists are like flat-earthers who keep saying the world is flat despite all the evidence to the contrary.

The strength of capitalism does not lie in the neoclassical idea of stability, but in its ability to unleash this creative energy. like a chaotic mat… - David Orrell

About David Orrell

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