Complexity in Economics - Couverture souple

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9781009547734: Complexity in Economics

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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Autres éditions populaires du même titre

9781009547727: Complexity in Economics

Edition présentée

ISBN 10 :  1009547720 ISBN 13 :  9781009547727
Editeur : Cambridge University Press, 2025
Couverture rigide