Complexity in Economics

Giacomo Gallegati, Mauro Gallegati, Simone Landini (Autoren)

Buch | Hardcover

92 Seiten

2025
Cambridge University Press (Verlag)
978-1-009-54772-7 (ISBN)

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Many phenomena arise from the intricate interactions among diverse elements. Such systems, characterised by emergent properties arising from interactions, are defined as complex. This Element delves into the complexity approach, portraying the economy as an evolving system undergoing structural changes over time.

Neoclassical economics is heavily based on a formalistic method, primarily centred on mathematical deduction. Consequently, mainstream economists became overfocused on describing the states of an economy rather than understanding the processes driving these states. However, many phenomena arise from the intricate interactions among diverse elements, eluding explanation solely through micro-level rules. Such systems, characterised by emergent properties arising from interactions, are defined as complex. This Element delves into the complexity approach, portraying the economy as an evolving system undergoing structural changes over time.

Introduction; 1. How Economics Came to Believe it was a Natural Science; 2. Economic Complex Systems; Conclusion; Acronyms; References.

Erscheinungsdatum	14.12.2024
Reihe/Serie	Elements in Complexity and Agent-based Economics
Zusatzinfo	Worked examples or Exercises
Verlagsort	Cambridge
Sprache	englisch
Maße	152 x 229 mm
Gewicht	271 g
Themenwelt	Sozialwissenschaften
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	1-009-54772-0 / 1009547720
ISBN-13	978-1-009-54772-7 / 9781009547727
Zustand	Neuware