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Complexity in Economics (The International Library of Critical Writings in Economics series, 174) - Hardcover

 
9781840649895: Complexity in Economics (The International Library of Critical Writings in Economics series, 174)

Synopsis

Three volumes gather 65 important articles originally published as early as 1953 and as recently as 2002. Editor J. Barkley Rosser (economics, James Madison University) contributes an excellent introduction as well as one of the opening chapters "On the Complexities of Complex Economics." The papers are arranged in sections covering philosophical and methodological overviews; social interactions and learning dynamics; competitive market dynamics; dynamics of imperfect competition; macroeconomic fluctuations and growth; financial markets; international and transitional economic dynamics; urban and regional systems; evolutionary economic dynamics; and ecologic-economic systems. there is no subject index. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)

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About the Author

Edited by J. Barkley Rosser Jr., Professor of Economics and Kirby L. Kramer, Jr. Professor of Business Administration, James Madison University

Review

`The recognition of the importance of complex systems in physics and biology has led to their study in economic systems, usually characterized as governed by a large set of interacting nonlinear dynamic systems. It is clear that these phenomena are observable and are not necessarily inconsistent with standard economic reasoning. Professor Rosser has collected a large number of papers, some from not-easily-accessible sources, which show the application of complex system theory to a variety of economic phenomena. This collection will be invaluable to the development of new and necessary thinking in economics.' -- Kenneth J. Arrow, Stanford University, US

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