Showing posts with label self-organising. Show all posts
Showing posts with label self-organising. Show all posts
April 19, 2010
Adam Smith - self-organising
The economy is a self-organising system: it is not created by human design but by uncoordinated human action.
Self-organising systems
Examples - language, economics, technology, manners
- self-replicating way of organising information
- created by uncoordinated human action
- de-centralised
- resistant to change
Mokyr, Technological inertia in economic history, 326
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