The Economy as an Evolving Complex System, III: Current Perspectives and Future Directions
0
0
As an Amazon Associate and affiliate partner, Menrva Books earns from qualifying purchases. Learn more
Author Description
Derived from the 2001 Santa Fe Institute Conference, "The Economy as an Evolving Complex System III," represents scholarship from the leading figures in th area of economics and complexity. The subject, a perennial centerpiece of the SFI program of studies has gained a wide range of followers for its methods of employing empirical evidence in the development of analytical economic theories. Accordingly, the chapters in this volume addresses a wide variety of issues in the fields of economics and complexity, accessing eclectic techniques from many disciplines, provided that they shed light on the economic problem. Dedicated to Kenneth Arrow on his 80th birthday, this volume honors his many contributions to the Institute. SFI-style economics is regarded as having had an important impact in introducing a new approach to economic analysis.
Menrva's Summary
THE THESIS
This volume investigates the application of complexity theory to economic systems, seeking to understand how decentralized interactions generate emergent macroeconomic phenomena. Editors Lawrence E. Blume and Steven N. Durlauf compile research from a 2001 Santa Fe Institute conference to bridge the gap between traditional economic modeling and the dynamic, non-linear realities of evolving systems. The text serves as both a tribute to Kenneth Arrow and a formal synthesis of interdisciplinary methods used to analyze economic behavior as a complex, adaptive process.
THE SCOPE MAP
What You Will Find
- Theoretical frameworks for modeling economies as complex adaptive systems
- Empirical methodologies for testing non-linear economic hypotheses
- Interdisciplinary approaches integrating physics, biology, and mathematics into economic analysis
- Critical evaluations of market dynamics, agent-based modeling, and institutional evolution
THE AUTHORITY PERSPECTIVE
Experts recognize this volume as a foundational text for researchers interested in the intersection of complexity science and formal economic theory. Readers frequently note the high level of technical density, making it most suitable for advanced students and professional economists familiar with quantitative modeling.
Page Count:
392
Publication Date:
2005-10-20
Publisher:
Oxford University Press
ISBN-10:
0195162595
ISBN-13:
9780195162592
Economics
Science
Complexity Theory
Mathematics
Systems Theory
Community Tags
Similar Books
