Shaking the Invisible Hand: Complexity, Endogenous Money and Exogenous Interest Rates

This book makes the case that economies are complex systems and in response to this, develops a unique dynamic nonequilibrium process analysis of macroeconomics. It provides a brief introduction to complex systems, chaos theory and unit roots. The importance and implications of contingency for economic behaviour are developed.

BASIL JOHN MOORE is Professor Extraordinary of Economics at Stellenbosch University, South Africa. He has taught at Yale University, USA, Jawaharlal University, India, University of Cambridge, UK and University of British Columbia, Canada among others. He has acted as consultant to the Asian Development Bank, the Government of Morocco and US Aid, Morocco. He has had more than seventy-five articles in refereed journals and his publications include An Introduction to the Theory of Finance, An Introduction to Modern Economic Theory and Horizontalists and Verticalists.