Adam Smith's invisible hand is unstable: Physics and dynamics reasoning applied to economic theorizing

DOI10.1016/S0378-4371(02)01063-4zbMath1001.91027OpenAlexW2061145985MaRDI QIDQ1850390

Joseph L. McCauley

Publication date: 3 December 2002

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0378-4371(02)01063-4

zbMATH Keywords

stabilizationutility functionprice equilibria

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

• The futility of utility: how market dynamics marginalize Adam Smith
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