Now about the MSME ecosystem. The Govt has repeatedly mentioned that we have 65 million MSMEs in Indonesia, and that the MSME are the very backbone of the national economy: they contribute ±61% of GDP and provide ±120 million jobs,… Continue Reading →
Arthur WB (2021) wrote a paper comparing conventional vs complexity economics. Conventional neoclassical economics assumes: But over the past 120 years, economists such as Thorstein Veblen, Joseph Schumpeter, Friedrich Hayek, Joan Robinson, etc have objected to the equilibrium framework, each… Continue Reading →
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