The Economy as an Evolving Complex System: v. 3

The Economy as an Evolving Complex System: v. 3

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Derived from the 2001 Santa Fe Institute Conference, "The Economy as an Evolving Complex System III," represents scholarship from the leading figures in the area of economics and complexity. The subject, a perennial centerpiece of the SFI program of studies has gained a wide range of followers for its methods of employing empirical evidence in the development of analytical economic theories. Accordingly, the chapters in this volume addresses a wide variety of issues in the fields of economics and complexity, accessing eclectic techniques from many disciplines, provided that they shed light on the economic problem. Dedicated to Kenneth Arrow on his 80th birthday, this volume honors his many contributions to the Institute. SFI-style economics is regarded as having had an important impact in introducing a new approach to economic analysis.show more

Product details

  • Hardback | 388 pages
  • 149.9 x 236.2 x 22.9mm | 657.72g
  • Oxford University Press Inc
  • New York, United States
  • English
  • Numerous line drawings and tables
  • 0195162587
  • 9780195162585

Table of contents

Introduction; The Epidemiology of Macroeconomic Expectations; Social Learning and the Adoption of Knowledge; Rationality and Selection in Asset Markets; Statistical Physics and Economic Fluctuations; Market Efficiency, the Pareto Wealth Distribution. And the Levy Distribution of Stock Returns; A Random Order Placement Model of Price Formulation in the Continuos Double Action; Multinational Choice with Social Interactions; Heterogeneity and Uniqueness in Interaction Games; Perspectives on the Economy as an Evolving Complex System; The Diffusion of Innovations in Social Networks; Dynamic Properties of Local Interaction Models; Useful Knowledge as an Evolving System: The View from Economic History; Prosocial Emotions; Indexshow more

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