Abstract
![CDATA[1 In with the new, out with the old? The raison d’etre of this book is the belief that significant new currents are developing in and on the fringes of economics. A moot point is whether these new interdisciplinary currents from complex systems and econophysics will simply embellish what is known, or whether they may in time transform economics itself. In part the answer to this question depends on the soundness of existing economics. In this chapter, I show that, at least in the area known as the theory of the firm, the new must completely abandon the old, because the latter is based on mathematical fallacies.]]
| Original language | English |
|---|---|
| Title of host publication | Economics: Complex Windows |
| Place of Publication | Italy |
| Publisher | Springer |
| Pages | 65-88 |
| Number of pages | 24 |
| ISBN (Print) | 8847002796 |
| Publication status | Published - 2005 |
Keywords
- economics
- business enterprises
- organizational behavior