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Complexity and the Economy (Inglés) Pasta dura – 30 oct 2014


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"In 1999, Arthur's significant paper in Science introduced the notion of complexity and the economy. . In the decade and a half since he first promoted the concept, Arthur has been exploring the evolutionary complexity of the economy by using innovative and unusual theoretical technologies, finessing his earlier visions, and suggesting new ways of conceptualizing the foundations of economic theory. The essays in this volume are all a result of this felicitous exploration. [T]he book is a rich source of ideas, all structured within thoroughly innovative frameworks and presented with the clarity of a masterful prose writer. Highly recommended." --K. V. Veupillai, CHOICE Magazine





"In 1999, Arthur's significant paper in Science introduced the notion of complexity and the economy. . In the decade and a half since he first promoted the concept, Arthur has been exploring the evolutionary complexity of the economy by using innovative and unusual theoretical technologies, finessing his earlier visions, and suggesting new ways of conceptualizing the foundations of economic theory. The essays in this volume are all a result of this felicitous exploration. [T]he book is a rich source of ideas, all structured within thoroughly innovative frameworks and presented with the clarity of a masterful prose writer. Highly recommended." --K. V. Veupillai, CHOICE Magazine


"Arthur's book shows that there are many new methods and techniques can be used to change the way we think about the economy and propose policies and laws." -- Andrew Sheng


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Economics is changing. In the last few years it has generated a number of new approaches. One of the most promising - complexity economics - was pioneered in the 1980s and 1990s by a small team at the Santa Fe Institute. Economist and complexity theorist W. Brian Arthur led that team, and in this book he collects many of his articles on this new approach. The traditional framework sees behavior in the economy as in an equilibrium steady state. People in the economy face well-defined problems and use perfect deductive reasoning to base their actions on. The complexity framework, by contrast, sees the economy as always in process, always changing. People try to make sense of the situations they face using whatever reasoning they have at hand, and together create outcomes they must individually react to anew. The resulting economy is not a well- ordered machine, but a complex evolving system that is imperfect, perpetually constructing itself anew, and brimming with vitality. The new vision complements and widens the standard one, and it helps answer many questions: Why does the stock market show moods and a psychology? Why do high-tech markets tend to lock in to the dominance of one or two very large players? How do economies form, and how do they continually alter in structure over time? The papers collected here were among the first to use evolutionary computation, agent-based modeling, and cognitive psychology. They cover topics as disparate as how markets form out of beliefs; how technology evolves over the long span of time; why systems and bureaucracies get more complicated as they evolve; and how financial crises can be foreseen and prevented in the future.

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Amazon.com: 3.9 de 5 estrellas 6 opiniones
A 4 personas les resultó útil.
5.0 de 5 estrellasis a great introduction to thinking about the economy as a non-equilibrium ...
el 18 de diciembre de 2014 - Publicado en Amazon.com
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A 3 personas les resultó útil.
1.0 de 5 estrellasShallow and dissappointing.
el 19 de noviembre de 2016 - Publicado en Amazon.com
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A 2 personas les resultó útil.
4.0 de 5 estrellasThis is a complex exposition of a new economic paradigm ...
el 29 de marzo de 2016 - Publicado en Amazon.com
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5.0 de 5 estrellasFive Stars
el 14 de marzo de 2015 - Publicado en Amazon.com
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A una persona le resultó útil.
5.0 de 5 estrellasFor all Brian Arthur Fans!!
el 2 de abril de 2015 - Publicado en Amazon.com
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