Description
Book SynopsisComplexity 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.
Trade Review'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
Table of ContentsContents: 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
