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Author | : W. Brian Arthur |
Publisher | : CRC Press |
Total Pages | : 428 |
Release | : 2018-05-04 |
Genre | : Mathematics |
ISBN | : 0429976267 |
Download The Economy As An Evolving Complex System II Book in PDF, ePub and Kindle
A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.
Author | : W. Brian Arthur |
Publisher | : CRC Press |
Total Pages | : 600 |
Release | : 2018-05-04 |
Genre | : Mathematics |
ISBN | : 0429965184 |
Download The Economy As An Evolving Complex System II Book in PDF, ePub and Kindle
A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.
Author | : W. Brian Arthur |
Publisher | : Westview Press |
Total Pages | : 616 |
Release | : 1997-10-05 |
Genre | : Business & Economics |
ISBN | : |
Download The Economy As A Complex Evolving System Ii Book in PDF, ePub and Kindle
This volume is a collection of articles that shape and define a new view of the economy as an evolving complex system. This view is one of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.
Author | : Philip W. Anderson |
Publisher | : CRC Press |
Total Pages | : 246 |
Release | : 2018-03-12 |
Genre | : Mathematics |
ISBN | : 0429972474 |
Download The Economy As An Evolving Complex System Book in PDF, ePub and Kindle
This book proceeds from a meeting at the Santa Fe Institute where economists and physical and biological scientists came together to discuss a conceptual framework incorporating a more appropriate mathematics with a greatly strengthened capacity to deal simultaneously with multiple variables, nonlinearity, incomplete information and dynamical processes.
Author | : W. BRIAN. ARTHUR |
Publisher | : |
Total Pages | : 600 |
Release | : 2019-06-14 |
Genre | : |
ISBN | : 9780367091163 |
Download ECONOMY AS AN EVOLVING COMPLEX SYSTEM II Book in PDF, ePub and Kindle
Author | : Santa Fe Instit |
Publisher | : Addison Wesley Publishing Company |
Total Pages | : 344 |
Release | : 1988-01-21 |
Genre | : Business & Economics |
ISBN | : |
Download The Economy As An Evolving Complex System Book in PDF, ePub and Kindle
This book proceeds from a meeting at the Santa Fe Institute where economists and physical and biological scientists came together to discuss a conceptual framework incorporating a more appropriate mat
Author | : Lawrence E. Blume |
Publisher | : Oxford University Press |
Total Pages | : 388 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 0195162595 |
Download The Economy As an Evolving Complex System, III Book in PDF, ePub and Kindle
Derived from the 2001 Santa Fe Institute Conference, "The Economy as an Evolving Complex System III" 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. 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.
Author | : W. Brian Arthur |
Publisher | : Oxford University Press, USA |
Total Pages | : 241 |
Release | : 2015 |
Genre | : Business & Economics |
ISBN | : 0199334293 |
Download Complexity and the Economy Book in PDF, ePub and Kindle
A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.
Author | : W. Brian Arthur |
Publisher | : University of Michigan Press |
Total Pages | : 228 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : 9780472022403 |
Download Increasing Returns and Path Dependence in the Economy Book in PDF, ePub and Kindle
Pioneering work on an important new approach to economics.
Author | : Agnar Sandmo |
Publisher | : Princeton University Press |
Total Pages | : 502 |
Release | : 2011-01-17 |
Genre | : Business & Economics |
ISBN | : 0691148422 |
Download Economics Evolving Book in PDF, ePub and Kindle
This book describes the history of economic thought, focusing on the development of economic theory from Adam Smith's 'Wealth of Nations' to the late twentieth century. The text concentrates on the most important figures in the history of the economics. The book examines how important economists have reflected on the sometimes conflicting goals of efficient resource use and socially acceptable income distribution.--[book cover].