Heuristic economics – its cybernetic undertone

Abstract

Presents the essentials of heuristic economics. Problems of planning and development, which are complex, ill‐structured and subject to uncertainty, often defy algorithmic mathematical/statistical solutions; hence there is scope for developing a heuristic approach.

Citation

Ghosal, A. (2001), "Heuristic economics – its cybernetic undertone", Kybernetes, Vol. 30 No. 9/10, pp. 1118-1125. https://doi.org/10.1108/EUM0000000006547