Complexity in Economics
Book Details
Format
Paperback / softback
Book Series
Elements in Complexity and Agent-based Economics
ISBN-10
1009547739
ISBN-13
9781009547734
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 2nd, 2025
Print length
92 Pages
Weight
150 grams
Dimensions
15.00 x 22.90 x 0.80 cms
Product Classification:
Political economy
KSh 3,250.00
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Many phenomena arise from the intricate interactions among diverse elements. 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.
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.
Get Complexity in Economics by Giacomo Gallegati, Mauro Gallegati at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Cambridge University Press and it has 92 pages.
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