Foundations And Applications Of Complexity Economics

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Foundations and Applications of Complexity Economics

Author : J. Barkley Rosser, Jr.
Publisher : Springer Nature
ISBN 13 : 3030706680
Total Pages : 174 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Foundations and Applications of Complexity Economics by : J. Barkley Rosser, Jr.

Download or read book Foundations and Applications of Complexity Economics written by J. Barkley Rosser, Jr. and published by Springer Nature. This book was released on 2021-05-21 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Theory, Game Theory, and Economics

Author : Tim Roughgarden
Publisher :
ISBN 13 : 9781680836547
Total Pages : 204 pages
Book Rating : 4.8/5 (365 download)

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Book Synopsis Complexity Theory, Game Theory, and Economics by : Tim Roughgarden

Download or read book Complexity Theory, Game Theory, and Economics written by Tim Roughgarden and published by . This book was released on 2020-03-02 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph comprises a series of ten lectures divided into two parts. Part 1 focuses on the communication and computational complexity of computing an (approximate) Nash equilibrium. Part 2 focuses on applications of computational complexity theory to game theory and economics.

Principles of Complexity Economics

Author : Michael Roos
Publisher : Springer
ISBN 13 : 9783031514357
Total Pages : 0 pages
Book Rating : 4.5/5 (143 download)

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Book Synopsis Principles of Complexity Economics by : Michael Roos

Download or read book Principles of Complexity Economics written by Michael Roos and published by Springer. This book was released on 2024-05-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook serves as an introduction to the rising field of complexity economics. In thirteen chapters, it provides a comprehensive and systematic overview of the concepts and methods of complexity economics and their applications to economic issues. The book explains that the complexity approach is not just another method, but a worldview that is different from the one of academics with neoclassical training. By contrasting complexity economics with neoclassical economics, the readers are induced to reflect on their own unconscious beliefs about the economic world and develop their own approach to dealing with the pervasive complexities and uncertainties of reality. The first five chapters serve as an introduction and overview. Chapters 6 - 12 present the core concepts of the book. Each of the seven chapters introduces a key concept of complexity and provides applications to economics topics. The final chapter discusses the implications of complexity thinking for economic policy and for the future development of economics. This textbook addresses advanced undergraduate students and graduate students of economics, interested in a better understanding of the concepts and the way of thinking in complexity economics, as well as in acquiring a sound technical foundation to understand most of the research literature.

Philosophy of Complex Systems

Author :
Publisher : Elsevier
ISBN 13 : 9780080931227
Total Pages : 952 pages
Book Rating : 4.9/5 (312 download)

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Book Synopsis Philosophy of Complex Systems by :

Download or read book Philosophy of Complex Systems written by and published by Elsevier. This book was released on 2011-05-23 with total page 952 pages. Available in PDF, EPUB and Kindle. Book excerpt: The domain of nonlinear dynamical systems and its mathematical underpinnings has been developing exponentially for a century, the last 35 years seeing an outpouring of new ideas and applications and a concomitant confluence with ideas of complex systems and their applications from irreversible thermodynamics. A few examples are in meteorology, ecological dynamics, and social and economic dynamics. These new ideas have profound implications for our understanding and practice in domains involving complexity, predictability and determinism, equilibrium, control, planning, individuality, responsibility and so on. Our intention is to draw together in this volume, we believe for the first time, a comprehensive picture of the manifold philosophically interesting impacts of recent developments in understanding nonlinear systems and the unique aspects of their complexity. The book will focus specifically on the philosophical concepts, principles, judgments and problems distinctly raised by work in the domain of complex nonlinear dynamical systems, especially in recent years. -Comprehensive coverage of all main theories in the philosophy of Complex Systems -Clearly written expositions of fundamental ideas and concepts -Definitive discussions by leading researchers in the field -Summaries of leading-edge research in related fields are also included

Complexity and the Economy

Author : W. Brian Arthur
Publisher : Oxford University Press, USA
ISBN 13 : 0199334293
Total Pages : 241 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Complexity and the Economy by : W. Brian Arthur

Download or read book Complexity and the Economy written by W. Brian Arthur and published by Oxford University Press, USA. This book was released on 2015 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Art of Public Policy

Author : David Colander
Publisher : Princeton University Press
ISBN 13 : 0691169136
Total Pages : 320 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Complexity and the Art of Public Policy by : David Colander

Download or read book Complexity and the Art of Public Policy written by David Colander and published by Princeton University Press. This book was released on 2016-02-16 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How ideas in complexity can be used to develop more effective public policy Complexity science—made possible by modern analytical and computational advances—is changing the way we think about social systems and social theory. Unfortunately, economists' policy models have not kept up and are stuck in either a market fundamentalist or government control narrative. While these standard narratives are useful in some cases, they are damaging in others, directing thinking away from creative, innovative policy solutions. Complexity and the Art of Public Policy outlines a new, more flexible policy narrative, which envisions society as a complex evolving system that is uncontrollable but can be influenced. David Colander and Roland Kupers describe how economists and society became locked into the current policy framework, and lay out fresh alternatives for framing policy questions. Offering original solutions to stubborn problems, the complexity narrative builds on broader philosophical traditions, such as those in the work of John Stuart Mill, to suggest initiatives that the authors call "activist laissez-faire" policies. Colander and Kupers develop innovative bottom-up solutions that, through new institutional structures such as for-benefit corporations, channel individuals’ social instincts into solving societal problems, making profits a tool for change rather than a goal. They argue that a central role for government in this complexity framework is to foster an ecostructure within which diverse forms of social entrepreneurship can emerge and blossom.

The Economics of Artificial Intelligence

Author : Ajay Agrawal
Publisher : University of Chicago Press
ISBN 13 : 0226833127
Total Pages : 172 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Economic Foundations for Social Complexity Science

Author : Yuji Aruka
Publisher : Springer
ISBN 13 : 9811057052
Total Pages : 277 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Economic Foundations for Social Complexity Science by : Yuji Aruka

Download or read book Economic Foundations for Social Complexity Science written by Yuji Aruka and published by Springer. This book was released on 2017-09-25 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on how important massive information is and how sensitive outcomes are to information. In this century humans now are coming up against the massive utilization of information in various contexts. The advent of super intelligence is drastically accelerating the evolution of the socio-economic system. Our traditional analytic approach must therefore be radically reformed in order to adapt to an information-sensitive framework, which means giving up myopic purification and the elimination of all considerations of massive information. In this book, authors who have shared and exchanged their ideas over the last 20 years, offer thorough examinations of the theoretical–ontological basis of complex economic interaction, econophysics, and agent-based modeling during the last several decades. This book thus provides the indispensable philosophical-scientific foundations for this new approach, and then moves on to empirical–epistemological studies concerning changes in sentiments and other movements in financial markets.

The Microeconomics of Complex Economies

Author : Wolfram Elsner
Publisher : Academic Press
ISBN 13 : 0124115993
Total Pages : 600 pages
Book Rating : 4.1/5 (241 download)

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Book Synopsis The Microeconomics of Complex Economies by : Wolfram Elsner

Download or read book The Microeconomics of Complex Economies written by Wolfram Elsner and published by Academic Press. This book was released on 2014-04-15 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

A Complexity Theory for Public Policy

Author : Göktuğ Morçöl
Publisher : Routledge
ISBN 13 : 1136283463
Total Pages : 314 pages
Book Rating : 4.1/5 (362 download)

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Book Synopsis A Complexity Theory for Public Policy by : Göktuğ Morçöl

Download or read book A Complexity Theory for Public Policy written by Göktuğ Morçöl and published by Routledge. This book was released on 2013-05-02 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Complexity theory has become popular in the natural and social sciences over the last few decades as a result of the advancements in our understanding of the complexities in natural and social phenomena. Concepts and methods of complexity theory have been applied by scholars of public affairs in North America and Europe, but a comprehensive framework for these applications is lacking. A Complexity Theory for Public Policy proposes a conceptual synthesis and sets a foundation for future developments and applications. In this book, Göktuğ Morçöl convincingly makes the case that complexity theory can help us understand better the self-organizational, emergent, and co-evolutionary characteristics of complex policy systems. In doing so, he discuss the epistemological implications of complexity theory and the methods complexity researchers use, and those methods they could use. As the complexity studies spread more around the world in the coming decades, the contents of this book will become appealing to larger audiences, particularly to scholars and graduate students in public affairs. The unique combination of synthesis and explanation of concepts and methods found in this book will serve as reference frames for future works.

Foundations of Economics

Author : Yanis Varoufakis
Publisher : Routledge
ISBN 13 : 1134682603
Total Pages : 426 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Foundations of Economics by : Yanis Varoufakis

Download or read book Foundations of Economics written by Yanis Varoufakis and published by Routledge. This book was released on 2002-01-08 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foundations of Economics breathes life into the discipline by linking key economic concepts with wider debates and issues. By bringing to light delightful mind-teasers, philosophical questions and intriguing politics in mainstream economics, it promises to enliven an otherwise dry course whilst inspiring students to do well. The book covers all the main economic concepts and addresses in detail three main areas: * consumption and choice * production and markets * government and the State. Each is discussed in terms of what the conventional textbook says, how these ideas developed in historical and philosophical terms and whether or not they make sense. Assumptions about economics as a discipline are challenged, and several pertinent students' anxieties ('Should I be studying economics?') are discussed.

The Origin of Wealth

Author : Eric D. Beinhocker
Publisher : Harvard Business Press
ISBN 13 : 9781578517770
Total Pages : 556 pages
Book Rating : 4.5/5 (177 download)

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Book Synopsis The Origin of Wealth by : Eric D. Beinhocker

Download or read book The Origin of Wealth written by Eric D. Beinhocker and published by Harvard Business Press. This book was released on 2006 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Computational Complexity

Author : Sanjeev Arora
Publisher : Cambridge University Press
ISBN 13 : 0521424267
Total Pages : 609 pages
Book Rating : 4.5/5 (214 download)

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Book Synopsis Computational Complexity by : Sanjeev Arora

Download or read book Computational Complexity written by Sanjeev Arora and published by Cambridge University Press. This book was released on 2009-04-20 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: New and classical results in computational complexity, including interactive proofs, PCP, derandomization, and quantum computation. Ideal for graduate students.

Foundations of Economic Analysis

Author : Paul Anthony Samuelson
Publisher : New York : Atheneum, c1965, 1979 printing.
ISBN 13 :
Total Pages : 484 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Foundations of Economic Analysis by : Paul Anthony Samuelson

Download or read book Foundations of Economic Analysis written by Paul Anthony Samuelson and published by New York : Atheneum, c1965, 1979 printing.. This book was released on 1965 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Behavioral Economics and Its Applications

Author : Peter Diamond
Publisher : Princeton University Press
ISBN 13 : 1400829143
Total Pages : 331 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Behavioral Economics and Its Applications by : Peter Diamond

Download or read book Behavioral Economics and Its Applications written by Peter Diamond and published by Princeton University Press. This book was released on 2012-01-12 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade, behavioral economics, borrowing from psychology and sociology to explain decisions inconsistent with traditional economics, has revolutionized the way economists view the world. But despite this general success, behavioral thinking has fundamentally transformed only one field of applied economics-finance. Peter Diamond and Hannu Vartiainen's Behavioral Economics and Its Applications argues that behavioral economics can have a similar impact in other fields of economics. In this volume, some of the world's leading thinkers in behavioral economics and general economic theory make the case for a much greater use of behavioral ideas in six fields where these ideas have already proved useful but have not yet been fully incorporated--public economics, development, law and economics, health, wage determination, and organizational economics. The result is an attempt to set the agenda of an important development in economics--an agenda that will interest policymakers, sociologists, and psychologists as well as economists. Contributors include Ian Ayres, B. Douglas Bernheim, Truman F. Bewley, Colin F. Camerer, Anne Case, Michael D. Cohen, Peter Diamond, Christoph Engel, Richard G. Frank, Jacob Glazer, Seppo Honkapohja, Christine Jolls, Botond Koszegi, Ulrike Malmendier, Sendhil Mullainathan, Antonio Rangel, Emmanuel Saez, Eldar Shafir, Sir Nicholas Stern, Jean Tirole, Hannu Vartiainen, and Timothy D. Wilson.

Chaos Theory in the Social Sciences

Author : L. Douglas Kiel
Publisher : University of Michigan Press
ISBN 13 : 0472022520
Total Pages : 360 pages
Book Rating : 4.4/5 (72 download)

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Book Synopsis Chaos Theory in the Social Sciences by : L. Douglas Kiel

Download or read book Chaos Theory in the Social Sciences written by L. Douglas Kiel and published by University of Michigan Press. This book was released on 2009-11-10 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chaos Theory in the Social Sciences: Foundations and Applications offers the most recent thinking in applying the chaos paradigm to the social sciences. The book explores the methodological techniques--and their difficulties--for determining whether chaotic processes may in fact exist in a particular instance and examines implications of chaos theory when applied specifically to political science, economics, and sociology. The contributors to the book show that no single technique can be used to diagnose and describe all chaotic processes and identify the strengths and limitations of a variety of approaches. The essays in this volume consider the application of chaos theory to such diverse phenomena as public opinion, the behavior of states in the international arena, the development of rational economic expectations, and long waves. Contributors include Brian J. L. Berry, Thad Brown, Kenyon B. DeGreene, Dimitrios Dendrinos, Euel Elliott, David Harvey, L. Ted Jaditz, Douglas Kiel, Heja Kim, Michael McBurnett, Michael Reed, Diana Richards, J. Barkley Rosser, Jr., and Alvin M. Saperstein. L. Douglas Kiel and Euel W. Elliott are both Associate Professors of Government, Politics, and Political Economy, University of Texas at Dallas.

The Paradigm of Social Complexity

Author : Gonzalo Castañeda
Publisher : CEEY
ISBN 13 : 607803653X
Total Pages : 1032 pages
Book Rating : 4.0/5 (78 download)

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Book Synopsis The Paradigm of Social Complexity by : Gonzalo Castañeda

Download or read book The Paradigm of Social Complexity written by Gonzalo Castañeda and published by CEEY. This book was released on 2020-08-04 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the recent developments in computing technologies and the thriving research scene in Complexity Science, economists and other social scientists have become aware of a more flexible and promising alternative for modelling socioeconomic systems; one that, in contrast with neoclassical economics, advocates for the realism of the assumptions, the importance of context and culture, the heterogeneity of agents (individuals or organizations), and the bounded rationality of individuals who behave and learn in multifaceted ways in uncertain environments. The book synthesizes an extensive body of work in the field of social complexity and constructs a unifying framework that allows developing concrete applications to important socioeconomic problems. This one-of-a-kind textbook provides a comprehensive panorama for advanced undergraduates and graduate students who want to become familiar with a wide range of issues related to social complexity. It is also a pioneering text that can support professors who wish to learn techniques and produce research in this novel field. Con los desarrollos recientes en las tecnologías de la computación y el floreciente dinamismo de las ciencias de la complejidad, economistas y otros científicos sociales tienen a su alcance una flexible y prometedora alternativa para la modelación de los sistemas socioeconómicos. Esta metodología, en contraste con la economía neoclásica, aboga por el realismo de los supuestos, la importancia del contexto y la cultura, la heterogeneidad de los agentes (individuos y organizaciones), y la racionalidad acotada de las personas que se comportan y aprenden de maneras muy diversas en entorno con incertidumbre. El libro sintetiza la extensa literatura que existe sobre la complejidad social, y construye un enfoque unificador que permite elaborar aplicaciones concretas con las que abordar importantes problemas socioeconómicos. Se trata de un texto singular dado que presenta un panorama comprensivo del campo de estudio, por lo que puede resultar de sumo interés para estudiante de licenciatura avanzados, y alumnos de posgrado que desean adentrarse en el tema. Asimismo, se trata de un texto pionero de gran utilidad para profesores y analistas interesados en aprender algunas de las técnicas del paradigma de la complejidad social para, de esta forma, aplicarlas en sus tareas de investigación.