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Author:Maruyama, M.
Title:New economic thinking : morphogenetic loops and product adaptation.
Journal:Futures
1987 : AUG, VOL. 19:4, p. 437-441
Index terms:ECONOMIC THEORY
Language:eng
Abstract:Two widespread economic superstitions are dispelled - the belief in an inherent equilibrium of the economic system, and the perception of international trade as a zero-sum game. It is argued that morphogenetic casual loops disprove the first assumption, and should be used to aid policy making; and that positive-sum results could be obtained by lifting import restrictions and adapting products for foreign markets.
SCIMA record nr: 55658
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