
The Economy as an Evolving Complex System
Current Perspectives and Future Directions
Lawrence E. Blume(Author)
Oxford University Press Inc
Published on 13. October 2005
Book
Hardback
388 pages
978-0-19-516258-5 (ISBN)
Description
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.
More details
Language
English
Place of publication
New York
United States
Target group
College/higher education
Professional and scholarly
Illustrations
tab., num. line drawings
Numerous line drawings and tables
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-0-19-516258-5 (9780195162585)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Lawrence E. Blume | Steven N. Durlauf
The Economy As an Evolving Complex System, III
Current Perspectives and Future Directions
E-Book
10/2005
1st Edition
OUP eBook
€64.49
Available for download
Persons
Content
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; Index