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Complexity In Economics


Complexity In Economics
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Complexity And The Economy


Complexity And The Economy
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Author : W. Brian Arthur
language : en
Publisher: Oxford University Press, USA
Release Date : 2015

Complexity And The Economy written by W. Brian Arthur and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.


A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.



Complexity And The Economy


Complexity And The Economy
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Author : W. Brian Arthur
language : en
Publisher: Oxford University Press
Release Date : 2014-10-02

Complexity And The Economy written by W. Brian Arthur and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-02 with Psychology categories.


Economics is changing. In the last few years it has generated a number of new approaches. One of the most promising - complexity economics - was pioneered in the 1980s and 1990s by a small team at the Santa Fe Institute. Economist and complexity theorist W. Brian Arthur led that team, and in this book he collects many of his articles on this new approach. The traditional framework sees behavior in the economy as in an equilibrium steady state. People in the economy face well-defined problems and use perfect deductive reasoning to base their actions on. The complexity framework, by contrast, sees the economy as always in process, always changing. People try to make sense of the situations they face using whatever reasoning they have at hand, and together create outcomes they must individually react to anew. The resulting economy is not a well-ordered machine, but a complex evolving system that is imperfect, perpetually constructing itself anew, and brimming with vitality. The new vision complements and widens the standard one, and it helps answer many questions: Why does the stock market show moods and a psychology? Why do high-tech markets tend to lock in to the dominance of one or two very large players? How do economies form, and how do they continually alter in structure over time? The papers collected here were among the first to use evolutionary computation, agent-based modeling, and cognitive psychology. They cover topics as disparate as how markets form out of beliefs; how technology evolves over the long span of time; why systems and bureaucracies get more complicated as they evolve; and how financial crises can be foreseen and prevented in the future.



Complexity In Economics Cutting Edge Research


Complexity In Economics Cutting Edge Research
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Author : Marisa Faggini
language : en
Publisher: Springer
Release Date : 2014-06-26

Complexity In Economics Cutting Edge Research written by Marisa Faggini and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-26 with Business & Economics categories.


In this book, leading experts discuss innovative components of complexity theory and chaos theory in economics. The underlying perspective is that investigations of economic phenomena should view these phenomena not as deterministic, predictable and mechanistic but rather as process dependent, organic and always evolving. The aim is to highlight the exciting potential of this approach in economics and its ability to overcome the limitations of past research and offer important new insights. The book offers a stimulating mix of theory, examples and policy. By casting light on a variety of topics in the field, it will provide an ideal platform for researchers wishing to deepen their understanding and identify areas for further investigation.



Foundations And Applications Of Complexity Economics


Foundations And Applications Of Complexity Economics
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Author : Rosser, Jr. (J. Barkley)
language : en
Publisher:
Release Date : 2021

Foundations And Applications Of Complexity Economics written by Rosser, Jr. (J. Barkley) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.


This book presents a survey of the aspects of economic complexity, with a focus on foundational, interdisciplinary ideas. The long-awaited follow up to his 2011 volume Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems: From Catastrophe to Chaos and Beyond, this volume draws together the threads of Rosser's earlier work on complexity theory and its wide applications in economics and an expanded list of related disciplines. The book begins with a full account of the broader categories of complexity in economics--dynamic, computational, hierarchical, and structural--before shifting to more detailed analysis. The next two chapters address problems associated with computational complexity, especially those of computability, and discuss the Godel Incompleteness Theorem with a focus on reflexivity. The middle chapters discuss the relationship between entropy, econophysics, evolution, and economic complexity, respectively, with applications in urban and regional dynamics, ecological economics, general equilibrium theory, as well as financial market dynamics. The final chapter works to bring together these themes into a broader framework and expose some of the limits concerning analysis of deeper foundational issues. With applications in all disciplines characterized by interconnected nonlinear adaptive systems, this book is appropriate for graduate students, professors and practitioners in economics and related disciplines such as regional science, mathematics, physics, biology, environmental sciences, philosophy, and psychology.



Complexity And The History Of Economic Thought


Complexity And The History Of Economic Thought
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Author :
language : en
Publisher: Routledge
Release Date :

Complexity And The History Of Economic Thought written by and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.




Complexity Economics For Environmental Governance


Complexity Economics For Environmental Governance
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Author : Jean-François Mercure
language : en
Publisher: Cambridge University Press
Release Date : 2022-11-30

Complexity Economics For Environmental Governance written by Jean-François Mercure and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-11-30 with Business & Economics categories.


This book redesigns environmental governance for a sustainability transition, helping academics and decision-makers truly understand the socio-economic impacts of policy.



Foundations And Applications Of Complexity Economics


Foundations And Applications Of Complexity Economics
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Author : J. Barkley Rosser, Jr.
language : en
Publisher: Springer Nature
Release Date : 2021-05-21

Foundations And Applications Of Complexity Economics written by J. Barkley Rosser, Jr. and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-21 with Business & Economics categories.


This book presents a survey of the aspects of economic complexity, with a focus on foundational, interdisciplinary ideas. The long-awaited follow up to his 2011 volume Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems: From Catastrophe to Chaos and Beyond, this volume draws together the threads of Rosser’s earlier work on complexity theory and its wide applications in economics and an expanded list of related disciplines. The book begins with a full account of the broader categories of complexity in economics--dynamic, computational, hierarchical, and structural--before shifting to more detailed analysis. The next two chapters address problems associated with computational complexity, especially those of computability, and discuss the Godel Incompleteness Theorem with a focus on reflexivity. The middle chapters discuss the relationship between entropy, econophysics, evolution, and economic complexity, respectively, with applications in urban and regional dynamics, ecological economics, general equilibrium theory, as well as financial market dynamics. The final chapter works to bring together these themes into a broader framework and expose some of the limits concerning analysis of deeper foundational issues. With applications in all disciplines characterized by interconnected nonlinear adaptive systems, this book is appropriate for graduate students, professors and practitioners in economics and related disciplines such as regional science, mathematics, physics, biology, environmental sciences, philosophy, and psychology.



The Origin Of Wealth


The Origin Of Wealth
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Author : Eric D. Beinhocker
language : en
Publisher: Harvard Business Press
Release Date : 2006

The Origin Of Wealth written by Eric D. Beinhocker and has been published by Harvard Business Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.


Beinhocker has written this work in order to introduce a broad audience to what he believes is a revolutionary new paradigm in economics and its implications for our understanding of the creation of wealth. He describes how the growing field of complexity theory allows for evolutionary understanding of wealth creation, in which business designs co-evolve with the evolution of technologies and organizational innovations. In addition to giving his audience a tour of this field of complexity economics, he discusses its implications for real-world issues of business.



Computation And Complexity In Economic Behavior And Organization


Computation And Complexity In Economic Behavior And Organization
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Author : Kenneth R. Mount
language : en
Publisher: Cambridge University Press
Release Date : 2002-06-24

Computation And Complexity In Economic Behavior And Organization written by Kenneth R. Mount and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-24 with Business & Economics categories.


This book presents a model of computing and a measure of computational complexity which are intended to facilitate analysis of computations performed by people, machines, or a mixed system of people and machines. The model is designed to apply directly to models of economic theory, which typically involve continuous variables and smooth functions, without requiring analysis of approximations. The model permits analysis of the feasibility and complexity of the calculations required of economic agents in order for them to arrive at their decisions. The treatment contains applications of the model to game theory and economics, including comparison of the complexities of different solution concepts in certain bargaining games, and the trade-off between communication and computation in an example of an Edgeworth Box economy.



Handbook On The Economic Complexity Of Technological Change


Handbook On The Economic Complexity Of Technological Change
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Author : Cristiano Antonelli
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01

Handbook On The Economic Complexity Of Technological Change written by Cristiano Antonelli and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Technology & Engineering categories.


This comprehensive and innovative Handbook applies the tools of the economics of complexity to analyse the causes and effects of technological and structural change. It grafts the intuitions of the economics of complexity into the tradition of analysis based upon the Schumpeterian and Marshallian legacies. The Handbook elaborates the notion of innovation as an emerging property of the organized complexity of an economic system, and provides the basic tools to understand the recursive dynamics between the emergence of innovation and the unfolding of organized complexity. In so doing, it highlights the role of organizational thinking in explaining the introduction of innovations and the dynamics of structural change. With a new methodological approach to the economics of technological change, this wide-ranging volume will become the standard reference for postgraduates, academics and practitioners in the fields of evolutionary economics, complexity economics and the economics of innovation.