Complexity In Economics Cutting Edge Research

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Complexity in Economics: Cutting Edge Research

Author : Marisa Faggini,Anna Parziale
Publisher : Springer
Page : 250 pages
File Size : 43,7 Mb
Release : 2014-06-26
Category : Business & Economics
ISBN : 9783319051857

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Complexity in Economics: Cutting Edge Research by Marisa Faggini,Anna Parziale Pdf

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.

Handbook of Research on Complexity

Author : John Barkley Rosser
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 42,6 Mb
Release : 2009
Category : Economics
ISBN : 1845420896

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Handbook of Research on Complexity by John Barkley Rosser Pdf

Presents a comprehensive overview of applications of complexity theory in economics from some of the leading figures in the field. This title includes chapters that cover such topic areas as conceptual issues, microeconomic market dynamics, aggregation and macroeconomics issues, and, evolutionary and ecological-environmental economics. This book provides a comprehensive and current overview of applications of complexity theory in economics from leading figures in the field. The fifteen chapters cover such broad topic areas as conceptual issues, microeconomic market dynamics, aggregation and macroeconomics issues, econophysics and financial markets, international economic dynamics, evolutionary and ecological-environmental economics, and, broader ideological and historical perspectives on economic complexity.

The Microeconomics of Complex Economies

Author : Wolfram Elsner,Torsten Heinrich,Henning Schwardt
Publisher : Academic Press
Page : 600 pages
File Size : 45,5 Mb
Release : 2014-04-15
Category : Business & Economics
ISBN : 9780124115996

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The Microeconomics of Complex Economies by Wolfram Elsner,Torsten Heinrich,Henning Schwardt Pdf

The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. Describes the usefulness of complex heterodox economics Emphasizes divergences and convergences with neoclassical economic theories and perspectives Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

Handbook on the Economic Complexity of Technological Change

Author : Cristiano Antonelli
Publisher : Edward Elgar Publishing
Page : 577 pages
File Size : 45,8 Mb
Release : 2011-01-01
Category : Technology & Engineering
ISBN : 9780857930378

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Handbook on the Economic Complexity of Technological Change by Cristiano Antonelli Pdf

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.

Governing Complexity in the 21st Century

Author : Neil E. Harrison,Robert Geyer
Publisher : Routledge
Page : 209 pages
File Size : 42,6 Mb
Release : 2021-11-04
Category : Social Science
ISBN : 9781000466041

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Governing Complexity in the 21st Century by Neil E. Harrison,Robert Geyer Pdf

Governing Complexity in the 21st Century surveys the ways in which social systems are becoming more complex. It shows how this complexity impacts every aspect of life for individuals, governments and societies in most social systems at individual, regional, national and global scales and explores how embracing ‘complexity thinking’ can greatly improve the art of governance in all policy areas. The book clearly explains the ideas and methods of complexity science—widely accepted in both the natural and social sciences—then demonstrates how ‘complexity thinking’ can be applied to improve our understanding of governance and policy actions. Providing a deep analysis of many governance challenges, including economic development and technological innovation, environment management, climate change and development in the Middle East, the book also compares national responses to the COVID-19 pandemic. Clear and jargon-free, this book is accessible to undergraduates and scholars alike. It is essential reading for policymakers everywhere, showcasing methods for governing effectively and efficiently in our increasingly complex world. It brings together the broad range of social and environmental science fields and will be useful for those studying or working in policy, politics and international relations, environmental issues, business management, philosophy, history and sociology.

Foundations and Applications of Complexity Economics

Author : J. Barkley Rosser, Jr.
Publisher : Springer Nature
Page : 174 pages
File Size : 53,6 Mb
Release : 2021-05-21
Category : Business & Economics
ISBN : 9783030706685

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Foundations and Applications of Complexity Economics by J. Barkley Rosser, Jr. Pdf

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 Economy

Author : W. Brian Arthur
Publisher : Oxford University Press, USA
Page : 241 pages
File Size : 45,5 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780199334292

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Complexity and the Economy by W. Brian Arthur Pdf

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

Alternative Approaches to Economic Theory

Author : Victor A. Beker
Publisher : Routledge
Page : 234 pages
File Size : 47,7 Mb
Release : 2019-06-11
Category : Business & Economics
ISBN : 9780429667237

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Alternative Approaches to Economic Theory by Victor A. Beker Pdf

The 2007–2008 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory, this book contributes to the rebuilding of the discipline. This volume brings together contributions from different perspectives and theoretical approaches that address the challenge of updating the economic theory corpus and seek to recover prestige for this discipline after the failure of neoclassical economics. It addresses a range of topics, including the complexity approach to economics, category theory, the Post-Keynesian approach to micro and macroeconomics, financialisation, multidimensional analysis and ecological economics. The book is aimed at economics scholars, researchers, academics and practitioners, as well as upper undergraduates and graduates in this area of knowledge. It may also be of interest for people interested in methodological issues in economics and the relationship between economic theory and the real world.

Nonlinearity, Complexity and Randomness in Economics

Author : Stefano Zambelli,Donald A. R. George
Publisher : John Wiley & Sons
Page : 352 pages
File Size : 45,7 Mb
Release : 2012-01-17
Category : Business & Economics
ISBN : 9781118300435

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Nonlinearity, Complexity and Randomness in Economics by Stefano Zambelli,Donald A. R. George Pdf

Nonlinearity, Complexity and Randomness in Economics presents a variety of papers by leading economists, scientists, and philosophers who focus on different aspects of nonlinearity, complexity and randomness, and their implications for economics. A theme of the book is that economics should be based on algorithmic, computable mathematical foundations. Features an interdisciplinary collection of papers by economists, scientists, and philosophers Presents new approaches to macroeconomic modelling, agent-based modelling, financial markets, and emergent complexity Reveals how economics today must be based on algorithmic, computable mathematical foundations

The Impact of Individual Expertise and Public Information on Group Decision-Making

Author : Ulrich G. Strunz
Publisher : Springer Nature
Page : 185 pages
File Size : 42,9 Mb
Release : 2021-07-04
Category : Business & Economics
ISBN : 9783658331399

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The Impact of Individual Expertise and Public Information on Group Decision-Making by Ulrich G. Strunz Pdf

In this open-access-book the author concludes that expertise could be the key factor for global and interconnected problems. Experimental results have shown that expertise was a stronger predictor than public information regarding change in behavior and strategy adaption. Identifying non-routine problem-solving experts by efficient online assessments could lead to less volatile system performance, from which all decision-makers could potentially profit.

European Economics at a Crossroads

Author : John Barkley Rosser,Richard P. F. Holt,David C. Colander
Publisher : Edward Elgar Publishing
Page : 269 pages
File Size : 42,7 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781849805544

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European Economics at a Crossroads by John Barkley Rosser,Richard P. F. Holt,David C. Colander Pdf

As Europe moves toward an integrated academic system, European economics is changing. This book discusses that change, along with the changes that are happening simultaneously within the economics profession. The authors argue that modern economics can no longer usefully be described as neoclassical , but is much better described as complexity economics. The complexity approach embraces rather than assumes away the complexities of social interaction. The authors also argue that despite all the problems with previous European academic structures, those structures allowed for more diversity than exists in US universities, and thus were often ahead of US universities in exploring new cutting-edge approaches. The authors further argue that by trying to judge themselves by US-centric measures and to copy US universities, the European economics profession is undermining some of the strengths of the older system strengths on which it should be building. While the authors agree that European economics needs to go through major changes in the coming decade, they argue that by building on Europe s strengths, rather than trying to follow a US example, Europe will be more likely to become the global leader in economics in the coming decades rather than a second-rate copy of the US. The book begins with two chapters spelling out the authors view of the changes in economics and European economics. This is followed by 11 interviews with a diverse set of innovative European economists from a range of European countries. In the interviews these European economists reflect on the ongoing changes in economics generally and in European economics specifically. These interviews demonstrate how the economics profession is moving away from traditional neoclassical economics into a dynamic set of new methods and approaches (incorporating work in behavioral economics, experimental economics, evolutionary game theory and ecological approaches, complexity and nonlinear dynamics, methodological analysis, and agent-based modelling) that the authors classify as complexity economics. This fascinating and easy-to-read book will prove a stimulating and thought-provoking read for those with an interest in economics, European education, and the nature of academic disciplines generally.

The Atlas of Economic Complexity

Author : Ricardo Hausmann,Cesar A. Hidalgo,Sebastian Bustos,Michele Coscia,Alexander Simoes
Publisher : MIT Press
Page : 369 pages
File Size : 42,6 Mb
Release : 2014-01-17
Category : Business & Economics
ISBN : 9780262525428

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The Atlas of Economic Complexity by Ricardo Hausmann,Cesar A. Hidalgo,Sebastian Bustos,Michele Coscia,Alexander Simoes Pdf

Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge. Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.

Complexity and the Economy

Author : W. Brian Arthur
Publisher : Oxford University Press
Page : 192 pages
File Size : 48,9 Mb
Release : 2014-10-02
Category : Psychology
ISBN : 9780199334308

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Complexity and the Economy by W. Brian Arthur Pdf

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.

Project Management: Concepts, Methodologies, Tools, and Applications

Author : Management Association, Information Resources
Publisher : IGI Global
Page : 2410 pages
File Size : 40,9 Mb
Release : 2016-06-09
Category : Business & Economics
ISBN : 9781522501978

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Project Management: Concepts, Methodologies, Tools, and Applications by Management Association, Information Resources Pdf

Organizations of all types are consistently working on new initiatives, product lines, or implementation of new workflows as a way to remain competitive in the modern business environment. No matter the type of project at hand, employing the best methods for effective execution and timely completion of the task at hand is essential to project success. Project Management: Concepts, Methodologies, Tools, and Applications presents the latest research and practical solutions for managing every stage of the project lifecycle. Emphasizing emerging concepts, real-world examples, and authoritative research on managing project workflows and measuring project success in both private and public sectors, this multi-volume reference work is a critical addition to academic, government, and corporate libraries. It is designed for use by project coordinators and managers, business executives, researchers, and graduate-level students interested in putting research-based solutions into practice for effective project management.

The Evolution of Economic and Innovation Systems

Author : Andreas Pyka,John Foster
Publisher : Springer
Page : 641 pages
File Size : 47,9 Mb
Release : 2015-03-03
Category : Business & Economics
ISBN : 9783319132990

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The Evolution of Economic and Innovation Systems by Andreas Pyka,John Foster Pdf

This book is at the cutting edge of the ongoing ‘neo-Schumpeterian’ research program that investigates how economic growth and its fluctuation can be understood as the outcome of a historical process of economic evolution. Much of modern evolutionary economics has relied upon biological analogy, especially about natural selection. Although this is valid and useful, evolutionary economists have, increasingly, begun to build their analytical representations of economic evolution on understandings derived from complex systems science. In this book, the fact that economic systems are, necessarily, complex adaptive systems is explored, both theoretically and empirically, in a range of contexts. Throughout, there is a primary focus upon the interconnected processes of innovation and entrepreneurship, which are the ultimate sources of all economic growth. Twenty two chapters are provided by renowned experts in the related fields of evolutionary economics and the economics of innovation.