We suggest in this paper that inequality in economic systems can be profitably analysed using complex systems analysis. We explain how we can capture, analytically, complexity in an economic system by applying graph theory in networks. We then develop a highly stylised theoretical model of how...

In this paper we discuss and critique the theory (and lack thereof) on inequality in economics. We suggest that the discipline is uncomfortable on the whole with analysing the phenomenon and that those theorists who have asked how inequality arises and what its economic consequences are do so...

We introduce a theory of return-seeking firms to study the differences between this and standard profit-maximising models. In a competitive market return-maximising firms minimise average total costs leading to output choices independent of price movements. We investigate the potential for...

Kapeller et al. [2012] argue that consumer choice in the presence of multiple- attribute products is structurally equivalent to the social choice problem to which Arrow's famed impossibility theorem applies and that therefore rational consumer choice is impossible. While I do not deny rational...

In standard models of rational choice it is typically taken for granted that preferences are given and defined over the alternatives alone, and the possibility of making a rational choice is simply a matter of assumption. In this paper I generalise this aspect of the economic model so that...