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Complexity and the Economy

W. Brian Arthur




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 | #822929 in Books |  2014-10-30 | Original language:English | PDF # 1 |  6.30 x.80 x9.20l,.0 | File type: PDF | 240 pages

||4 of 4 people found the following review helpful.| is a great introduction to thinking about the economy as a non-equilibrium ...|By KARL|This, along with Alan Kirman's Complex Economics, is a great introduction to thinking about the economy as a non-equilibrium complex system. In addition, Arthur provides occasional interesting discussion of the early days of economic complexity thinking at the Santa Fe Institute. Arthur is| ||"In 1999, Arthur's significant paper in Science introduced the notion of complexity and the economy. . In the decade and a half since he first promoted the concept, Arthur has been exploring the evolutionary complexity of the economy by using innovative and

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 econ...

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