Description
Book SynopsisThis ground-breaking book focuses on the implications of the complexity vision, such as that held by economists at the Santa Fe Institute, for the teaching of economics. This complexity vision suggests that answers to questions such as how do markets develop and how do they evolve need to be approached head on. Complexity economics is beginning to do just that.
Most of the work in complexity is highly formal and technical; it seems far away from issues such as the teaching of economics. This book is different. The focus of this book is not on the grand theories, or technical aspects, of complexity. Instead it is on the teaching of economics. It asks the question: how would the teaching of economics change if complexity is taken seriously? An outstanding group of contributors, including Brian Arthur, Buz Brock, and Duncan Foley, provide interesting and provocative answers to that question in a non-technical and highly accessible style. It is a book that should be read by all those teaching economics, as well as those who are interested in where the complexity revolution in science might be leading.
Trade Review'This book is an impressive collection of essays. . . this is an interesting and challenging book, of interest both to those who want an introduction to the ideas from complexity theory and those who reflect generally on the teaching and future development of economics as a subject.' -- Geoffrey M. Hodgson, Review of Social Economy
'It is in the real world where the action is; and if we want to interest students in economics, and make economics more relevant, the teaching of economics must reflect the real world, not abstract deductive models that lead nowhere fast, and may lead nowhere slowly.' -- From the introduction by David Colander
Table of ContentsContents: Introduction Part I: The Complexity Vision and Economics Part II: The Complexity Vision and Economic Policy Part III: Teaching the Complexity Vision in Economics: General Part IV: Teaching the Complexity Vision in Economics: Specifics Part V: Bioeconomics, Complexity and the Teaching of Economics
