Discrete Dynamics in Nature and Society
Volume 2004 (2004), Issue 1, Pages 91-99
Physics and the foundations of economic science: comments in
memory of Ilya Prigogine
Department of Economics, University of Southern California, Los Angeles 90089-0253, CA, USA
Received 11 December 2003
Copyright © 2004 Richard H. Day. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This paper discusses how the concepts of nonlinearity, discrete
dynamics, chaos, and emergent order that Ilya Prigogine advanced
correspond to similar ideas involved in the adaptive,
evolutionary branch of economics.