Very nice essay. Cheers. I used to tell my students that a system is simple how things work, but I never really got my colleagues among mainstream economics to accept that in Complex Adaptive Systems it is the interactions between individuals and their institutions (not the individuals) that should be the unit of analysis. Note: http://www.paecon.net/PAEReview/issue102/Daneke102.pdf

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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