Complexity in Economics (Elements in Complexity and Agent-based Economics) - Softcover

Gallegati

 
9781009547734: Complexity in Economics (Elements in Complexity and Agent-based Economics)
Softcover
ISBN 10: 1009547739 ISBN 13: 9781009547734
Publisher: Cambridge University Press, 2025

Synopsis

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.

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Publisher
Cambridge University Press
Publication date
2025
Language
English
ISBN 10 
1009547739
ISBN 13 
9781009547734
Binding
Paperback
Number of pages
92

Other Popular Editions of the Same Title

9781009547727: Complexity in Economics (Elements in Complexity and Agent-based Economics)

Featured Edition

ISBN 10:  1009547720 ISBN 13:  9781009547727
Publisher: Cambridge University Press, 2025
Hardcover