A Dynamic Systems View of Economic and Political Theory

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Abstract:

Economic logic impinges on contemporary political theory through both economic reductionism and economic methodology applied to political decision–making (through game theory). The authors argue that the sort of models used are based on mechanistic and linear methodologies that have now been found wanting in physics. They further argue that complexity based self-organization methods are better suited to model the complexities of economy and polity and their interactions with the overall social system.

Keywords: COMPLEXITY THEORY; ECONOMIC SYSTEM; INTERACTIVISM; NEOLIBERALISM; POLITICAL SYSTEM

Document Type: Research Article

DOI: http://dx.doi.org/10.3167/th.2007.5411303

Publication date: August 1, 2007

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