Paperback
Handbook of Research on Complexity
Complexity research draws on complexity in various disciplines. This Handbook provides a comprehensive and current overview of applications of complexity theory in economics. The 15 chapters, written by leading figures in the field, cover such broad topic areas as conceptual issues, microeconomic market dynamics, aggregation and macroeconomics issues, econophysics and financial markets, international economic dynamics, evolutionary and ecological–environmental economics, and broader historical perspectives on economic complexity.
More Information
Critical Acclaim
Contributors
Contents
More Information
Complexity research draws on complexity in various disciplines. This Handbook provides a comprehensive and current overview of applications of complexity theory in economics. The 15 chapters, written by leading figures in the field, cover such broad topic areas as conceptual issues, microeconomic market dynamics, aggregation and macroeconomics issues, econophysics and financial markets, international economic dynamics, evolutionary and ecological–environmental economics, and broader historical perspectives on economic complexity.
This Handbook presents perspectives at a broad and high level of current cutting edge research in complexity, and will be of great interest to academics concerned with all aspects of economics and in particular economic theory, macroeconomics and evolutionary economics.
This Handbook presents perspectives at a broad and high level of current cutting edge research in complexity, and will be of great interest to academics concerned with all aspects of economics and in particular economic theory, macroeconomics and evolutionary economics.
Critical Acclaim
‘This volume is a solid introduction to the topics of economic complexity for both the general economist and provides new results that will interest the economists already well versed in the field of economic complexity.’
– Troy Tassier, Eastern Economic Journal
‘Complexity theory, complexity science, a general theory of complex systems: these subjects are the height of fashion and for good reason and so a book with this title is very welcome. . . a valuable book, particularly because the chapter-by-chapter bibliographies are a major resource. . . the strength of the book lies in its historical reviews and the bibliographies that support them. . . it will be an important reference book and will contribute to the larger complexity project yet to be undertaken.’
– Alan Wilson, Environment and Planning B
– Troy Tassier, Eastern Economic Journal
‘Complexity theory, complexity science, a general theory of complex systems: these subjects are the height of fashion and for good reason and so a book with this title is very welcome. . . a valuable book, particularly because the chapter-by-chapter bibliographies are a major resource. . . the strength of the book lies in its historical reviews and the bibliographies that support them. . . it will be an important reference book and will contribute to the larger complexity project yet to be undertaken.’
– Alan Wilson, Environment and Planning B
Contributors
Contributors: P. Allen, W.B. Arthur, K.E. Bassler, H.-P. Brunner, D. Colander, R. Cressman, R.H. Day, H. Gintis, G.H. Gunaratne, C.H. Hommes, A. Kirman, M. Kopel, R. Koppl, T. Lux, J.L. McCauley, J.B. Rosser, Jr., T. Ruijgrok, K.V. Velupillai, F.H. Westerhoff
Contents
Contents:
PART I: CONCEPTUAL OVERVIEWS
1. Introduction
J. Barkley Rosser, Jr.
2. Complexity and the Economy
W. Brian Arthur
3. Computational and Dynamic Complexity in Economics
J. Barkley Rosser, Jr.
4. A Computable Economist’s Perspective on Computational Complexity
K. Vela Velupillai
PART II: MARKET DYNAMICS
5. Bounded Rationality and Learning in Complex Markets
Cars H. Hommes
6. Oligopoly Dynamics
Michael Kopel
PART III: MACROECONOMIC ISSUES
7. Complexity and Aggregation
Alan Kirman
8. On Simplicity and Macroeconomic Complexity
Richard H. Day
PART IV: ECONOPHYSICS AND FINANCIAL MARKETS
9. Applications of Statistical Physics in Finance and Economics
Thomas Lux
10. On the Analysis of Time Series with Nonstationary Increments
Joseph L. McCauley, Kevin E. Bassler and Gemunu H. Gunaratne
PART V: INTERNATIONAL ECONOMICS
11. Exchange Rate Dynamics: A Nonlinear Survey
Frank H. Westerhoff
12. Complex Systems Modeling and International Development
Hans-Peter Brunner and Peter Allen
PART VI: EVOLUTIONARY AND ECOLOGICAL-ENVIRONMENTAL ECONOMICS
13. Subgame Perfection in Evolutionary Dynamics with Recurrent Perturbations
Herbert Gintis, Ross Cressman and Thijs Ruijgrok
14. Complex Dynamics in Ecological-Economic Systems
J. Barkley Rosser, Jr.
PART VII: BROADER HISTORICAL PERSPECTIVES
15. Complexity and Austrian Economics
Roger Koppl
16. Complexity and the History of Economic Thought
David Colander
Index
PART I: CONCEPTUAL OVERVIEWS
1. Introduction
J. Barkley Rosser, Jr.
2. Complexity and the Economy
W. Brian Arthur
3. Computational and Dynamic Complexity in Economics
J. Barkley Rosser, Jr.
4. A Computable Economist’s Perspective on Computational Complexity
K. Vela Velupillai
PART II: MARKET DYNAMICS
5. Bounded Rationality and Learning in Complex Markets
Cars H. Hommes
6. Oligopoly Dynamics
Michael Kopel
PART III: MACROECONOMIC ISSUES
7. Complexity and Aggregation
Alan Kirman
8. On Simplicity and Macroeconomic Complexity
Richard H. Day
PART IV: ECONOPHYSICS AND FINANCIAL MARKETS
9. Applications of Statistical Physics in Finance and Economics
Thomas Lux
10. On the Analysis of Time Series with Nonstationary Increments
Joseph L. McCauley, Kevin E. Bassler and Gemunu H. Gunaratne
PART V: INTERNATIONAL ECONOMICS
11. Exchange Rate Dynamics: A Nonlinear Survey
Frank H. Westerhoff
12. Complex Systems Modeling and International Development
Hans-Peter Brunner and Peter Allen
PART VI: EVOLUTIONARY AND ECOLOGICAL-ENVIRONMENTAL ECONOMICS
13. Subgame Perfection in Evolutionary Dynamics with Recurrent Perturbations
Herbert Gintis, Ross Cressman and Thijs Ruijgrok
14. Complex Dynamics in Ecological-Economic Systems
J. Barkley Rosser, Jr.
PART VII: BROADER HISTORICAL PERSPECTIVES
15. Complexity and Austrian Economics
Roger Koppl
16. Complexity and the History of Economic Thought
David Colander
Index