Nonlinearity, Complexity and Randomness in Economics
Towards Algorithmic Foundations for Economics
Will be published approx. on 20. January 2012
Book
Paperback/Softback
256 pages
978-1-4443-5031-9 (ISBN)
Description
Nonlinearity, Complexity and Randomness in Economics presents a variety of papers by leading economists, scientists, and philosophers who focus on different aspects of nonlinearity, complexity and randomness, and their implications for economics. A theme of the book is that economics should be based on algorithmic, computable mathematical foundations.
* Features an interdisciplinary collection of papers by economists, scientists, and philosophers
* Presents new approaches to macroeconomic modelling, agent-based modelling, financial markets, and emergent complexity
* Reveals how economics today must be based on algorithmic, computable mathematical foundations
More details
Product info
Paperback
Series
Edition
1. Auflage
Language
English
Place of publication
Hoboken
United Kingdom
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Product notice
Paperback (trade)
Unsewn / adhesive bound
Dimensions
Height: 244 mm
Width: 170 mm
Thickness: 15 mm
Weight
408 gr
ISBN-13
978-1-4443-5031-9 (9781444350319)
Schweitzer Classification
Other editions
Additional editions
Stefano Zambelli | Donald A. R. George
Nonlinearity, Complexity and Randomness in Economics
Towards Algorithmic Foundations for Economics
E-Book
02/2013
Wiley-Blackwell
€21.99
Available for download
Stefano Zambelli | Donald A. R. George
Nonlinearity, Complexity and Randomness in Economics
Towards Algorithmic Foundations for Economics
E-Book
01/2012
Wiley-Blackwell
€21.99
Available for download
Persons
Stefano Zambelli is Professor of Political Economy at the Department of Economics, University of Trento, Italy. He is also a founding member of the Algorithmic Social Sciences Research Unit (ASSRU) at University of Trento.
Donald A.R. George is Senior Lecturer in Economics at the University of Edinburgh. He has published extensively on the economics of self-management, economic dynamics, and the economics of product reliability, and is joint founding Editor of the Journal of Economic Surveys.
Content
Notes on Contributors vii
1. Introduction 1
Stefano Zambelli
2. Towards an Algorithmic Revolution in Economic Theory 7
K. Vela Velupillai
3. An Algorithmic Information-Theoretic Approach to the Behaviour of Financial Markets 37
Hector Zenil and Jean-Paul Delahaye
4. Complexity and Randomness in Mathematics: Philosophical Reflections on the Relevance for Economic Modelling 69
Sundar Sarukkai
5. Behavioural Complexity 85
Sami Al-Suwailem
6. Bounded Rationality and the Emergence of Simplicity Amidst Complexity 111
Cassey Lee
7. Emergent Complexity in Agent-Based Computational Economics 131
Shu-Heng Chen and Shu G.Wang
8. Non-Linear Dynamics, Complexity and Randomness: Algorithmic Foundations 151
K. Vela Velupillai
9. Stock-Flow Interactions, Disequilibrium Macroeconomics and the Role of Economic Policy 173
Toichiro Asada, Carl Chiarella, Peter Flaschel, Tarik Mouakil, Christian ProaÜno andWilli Semmler
10. Equilibrium Versus Market Efficiency: Randomness versus Complexity in Finance Markets 203
Joseph L. McCauley
11. Flexible Accelerator Economic Systems as Coupled Oscillators 211
Stefano Zambelli
12. Shifting Sands: Non-Linearity, Complexity and Randomness in Economics 237
Donald A.R. George
Index 241