Foundations for a new Microeconomics?

Brendan Markey-Towler, Queensland University

In this work I apply the mathematics of networks to the trade and information flows between individuals and organisations, within organisations, and, most importantly, to the networks of the brain and the mind.. Because the network of the economy is incomplete, it can evolve over time. What we obtain is a theory which does not eliminate the complex, confounding, and chaotic nature of the economy, but also demonstrates that underlying this is a simple, even elegant structure to how human beings think and act in it.

About the speaker
Brendan graduated the University of Queensland in 2012 with a Bachelor of Economics with First Class Honours and a University Medal. During this degree he was employed at the Supreme Court of Queensland Library where he was exposed to political science, history, literature and philosophy, and took a short stint at the Australian Competition and Consumer Commission which opened his eyes to the true extent of current economic theories. He returned to the University of Queensland to work with Professor John Foster and Associate Professor Peter Earl on a general theoretical framework for economics consistent with psychology, social psychology, neuroscience and above all evolutionary economics using complex systems theory in the style of Professor Jason Potts' New Evolutionary economics.

Venue: Conference room

Date: 17 September 2015

Time: 13:00 - 14:00