Talk:Economic interdependence

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Sociology Mid‑importance

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Economics Low‑importance

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Much of the literature on economic interdependence discusses the interdependence of nations. There is a broad-brush discussion of the interdependence of participants within a national economy and its significance for economics in the post, "Interdependence: a Stategic Problem for Economics" in The Kinky Economist {http://kinkyeconomist.typepad.com }(talk) 14:11, 2 January 2019.

 2600:1003:B44B:5A8:DD42:5D5:231D:5087 (talk) 01:20, 27 October 2015 (UTC) Temple Bayliss.[reply]

Importance of Economic Interdependence[edit]

Assigning low importance to economic interdependence is a mistake. The subject has not been thoroughly explored, but that does not mean it is unimportant. An immediate consequence of the division of labor, interdependence requires that any economic activity ordinarily affects participants throughout the system. This complexity should not be ignored. If we do ignore economic interdependence we are likely to overlook a family of effects that are central to economics. For example, in an interdependent system the successful introduction of a new product can (but does not always) increase aggregate sales. In a system without interdependence the introduction of a new product just shifts sales away from other products. This topic is explored in Chapter XI of A. A. Cournot's Mathematical Principles of the Theory of Wealth (1838). However, this chapter is not universally accepted :Temple Bayliss|talk]]) 13:47, 31 March 2023 (UTC)