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Coping with the Complexity of Economics (New Economic Windows)

by

Coping with the Complexity of Economics (New Economic Windows) Cover

 

Synopses & Reviews

Publisher Comments:

The purpose of the science of complexity is to provide, if not a unified approach, at least useful tools to tackling complex problems in various scientific domains. Generally, complexity is considered a fundamental challenge to the reductionist approach in science as a whole and to its ideas of certainty and randomness. The overall behaviour of a complex system is different from and more than the sum of its parts. The behaviour of non-linear complex systems depends on the interaction (often with retroactive effects) among its constituent parts and not so much (or not only) on the characteristics of these parts themselves; the sum of the behaviour of single parts does not necessarily provide us with an explanation of the aggregate behaviour of a system. All this is true for economic systems. These are based on the activities of single economic agents. Each individual can obtain only partial knowledge that is focussed around its "world" (local information) and react to external shocks in different ways (local rationality). The aim of this book is to provide an overview to recent developments in theory and empirical research that view economic systems as complex phenomena whose aggregate dynamics can often not be inferred from its microscopic (microeconomic) building blocks. The collection of papers represented in this volume is dedicated to the memory of Massimo Salzano, who has been a fervent and eloquent advocate of the complexity approach. The contributions have been presented at a conference held to celebrate Massimo's 60th birthday (Ecople -Economics: From Tradition of Complexity, Capri, 2-4 June, 2006), one year before he unexpectedly passed away in 2007.

Synopsis:

This book features papers dedicated to the memory of Massimo Salzano, who has been a fervent advocate of the complexity approach. It provides an overview to recent developments in theory and empirical research that view economic systems as complex phenomena.

Product Details

ISBN:
9788847010826
Author:
Faggini, Marisa (edt)
Publisher:
Springer
Editor:
Faggini, Marisa
Editor:
Lux, Thomas
Author:
Faggini, Marisa
Author:
Lux, Thomas
Subject:
Physics
Subject:
General
Subject:
Game Theory
Subject:
Complex system
Subject:
Complexity
Subject:
Complexity of Economics
Subject:
Economic Systems
Subject:
Statistical Physics, Dynamical Systems and Complexity
Subject:
Economics - General
Subject:
Behavioural Sciences
Subject:
Game Theory, Economics, Social and Behav. Sciences
Subject:
Physics-General
Copyright:
Edition Description:
Book
Series:
New Economic Windows
Publication Date:
20081205
Binding:
HARDCOVER
Language:
English
Illustrations:
Y
Pages:
184
Dimensions:
235 x 155 mm

Related Subjects

Health and Self-Help » Psychology » General
History and Social Science » Economics » General
Science and Mathematics » Mathematics » Econometrics
Science and Mathematics » Mathematics » Modeling
Science and Mathematics » Physics » General

Coping with the Complexity of Economics (New Economic Windows) New Hardcover
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Product details 184 pages Springer - English 9788847010826 Reviews:
"Synopsis" by , This book features papers dedicated to the memory of Massimo Salzano, who has been a fervent advocate of the complexity approach. It provides an overview to recent developments in theory and empirical research that view economic systems as complex phenomena.
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