Coping with the Complexity of Economics PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Coping with the Complexity of Economics PDF full book. Access full book title Coping with the Complexity of Economics by Marisa Faggini. Download full books in PDF and EPUB format.
Author: Marisa Faggini Publisher: Springer Science & Business Media ISBN: 8847010837 Category : Science Languages : en Pages : 177
Book Description
Throughout the history of economics, a variety of analytical tools have been borrowed from the so-called exact sciences. As Schoe?er (1955) puts it: “They have taken their mathematics and their ded- tive techniques from physics, their statistics from genetics and agr- omy, their systems of classi?cation from taxonomy and chemistry, their model-construction techniques from astronomy and mechanics, and their methods of analysis of the consequences of actions from en- neering”. The possibility of similarities of structure in mathematical models of economic and physical systems has been an important f- tor in the development of neoclassical theory. To treat the state of an economy as an equilibrium, analogous to the equilibrium of a mech- ical system has been a key concept in economics ever since it became a mathematically formalized science. Adopting a Newtonian paradigm neoclassical economics often is based on three fundamental concepts. Firstly, the representative agent who is a scale model of the whole society with extraordinary capacities, particularly concerning her - pability of information processing and computation. Of course, this is a problematic reduction as agents are both heterogeneous and bou- edly rational and limited in their cognitive capabilities. Secondly, it often con?ned itself to study systems in a state of equilibrium. But this concept is not adequate to describe and to support phenomena in perpetual motion.
Author: Marisa Faggini Publisher: Springer Science & Business Media ISBN: 8847010837 Category : Science Languages : en Pages : 177
Book Description
Throughout the history of economics, a variety of analytical tools have been borrowed from the so-called exact sciences. As Schoe?er (1955) puts it: “They have taken their mathematics and their ded- tive techniques from physics, their statistics from genetics and agr- omy, their systems of classi?cation from taxonomy and chemistry, their model-construction techniques from astronomy and mechanics, and their methods of analysis of the consequences of actions from en- neering”. The possibility of similarities of structure in mathematical models of economic and physical systems has been an important f- tor in the development of neoclassical theory. To treat the state of an economy as an equilibrium, analogous to the equilibrium of a mech- ical system has been a key concept in economics ever since it became a mathematically formalized science. Adopting a Newtonian paradigm neoclassical economics often is based on three fundamental concepts. Firstly, the representative agent who is a scale model of the whole society with extraordinary capacities, particularly concerning her - pability of information processing and computation. Of course, this is a problematic reduction as agents are both heterogeneous and bou- edly rational and limited in their cognitive capabilities. Secondly, it often con?ned itself to study systems in a state of equilibrium. But this concept is not adequate to describe and to support phenomena in perpetual motion.
Author: H.W. Gottinger Publisher: Springer Science & Business Media ISBN: 9400970242 Category : Social Science Languages : en Pages : 239
Book Description
In this book I develop a theory of complexity for economics and manage ment sciences. This book is addressed to the mathematically or analytically oriented economist, psychologist or management scientist. It could also be of interest to engineers, computer scientists, biologists, physicists and ecologists who have a constant desire to go beyond the bounds of their respective disciplines. The unifying theme is: we live in a complex world, but how can we cope with complexity? If the book has made the reader curious, and if he looks at modelling, problem recognition and problem solving within his field of competence in a more "complex" way, it will have achieved its goal. The starting point is the recognition that complexity is a well-defined concept in mathematics (e.g. in topological dynamics), computer science, information theory and artificial intelligence. But it is a rather diffuse concept in other fields, sometimes it has only descriptive value or even worse, it is only used in a colloquial sense. The systematic investigation of complexity phenomena has reached a mature status within computer science. Indices of computer size, capacity and performance root ultimately in John von Neumann's paradigmatic model of a machine, though other 1 roots point to McCulloch and Pitts, not to forget Alan Turing. Offsprings of this development include: -complexity of formal systems and recursiveness; -cellular automata and the theory of self-reproducing machines; -theory of program or computational complexity; -theory of sequential machines; -problem solving, cognitive science, pattern recognition and decision processes.
Author: Marisa Faggini Publisher: Springer ISBN: 9788847010826 Category : Science Languages : en Pages : 170
Book Description
Throughout the history of economics, a variety of analytical tools have been borrowed from the so-called exact sciences. As Schoe?er (1955) puts it: “They have taken their mathematics and their ded- tive techniques from physics, their statistics from genetics and agr- omy, their systems of classi?cation from taxonomy and chemistry, their model-construction techniques from astronomy and mechanics, and their methods of analysis of the consequences of actions from en- neering”. The possibility of similarities of structure in mathematical models of economic and physical systems has been an important f- tor in the development of neoclassical theory. To treat the state of an economy as an equilibrium, analogous to the equilibrium of a mech- ical system has been a key concept in economics ever since it became a mathematically formalized science. Adopting a Newtonian paradigm neoclassical economics often is based on three fundamental concepts. Firstly, the representative agent who is a scale model of the whole society with extraordinary capacities, particularly concerning her - pability of information processing and computation. Of course, this is a problematic reduction as agents are both heterogeneous and bou- edly rational and limited in their cognitive capabilities. Secondly, it often con?ned itself to study systems in a state of equilibrium. But this concept is not adequate to describe and to support phenomena in perpetual motion.
Author: Jack Snyder Publisher: Westview Press ISBN: Category : Political Science Languages : en Pages : 420
Book Description
Historical chapters show how understanding the workings of complex systems allowed statesmen to devise the Concert of Europe and how the collapse of the Concert in the Crimean War was triggered by the tsar's failure to comprehend the indirect impact his strategies would have on British public opinion. Another chapter highlights the feedback processes between domestic politics and the international monetary system that led to the rise and fall of the gold standard and to the creation of the European monetary system. The diplomacy of the Moroccan crisis of 1905 is used to show that conventional wisdom places unwarranted weight on a state's reputation for standing firm in the interconnected international system. The discussions also explore the systemic causes of World War II: Contributors examine how the international financial system unwittingly helped destroy Weimar democracy and offer a challenging reinterpretation of the workings of the balance of power in the 1930s.
Author: Michael Bamberger Publisher: SAGE Publications ISBN: 1483344258 Category : Social Science Languages : en Pages : 587
Book Description
Recognizing that complexity calls for innovative, conceptual, and methodological solutions, Dealing with Complexity in Development Evaluation by Michael Bamberger, Jos Vaessen, and Estelle Raimondo offers practical guidance to policymakers, managers, and evaluation practitioners on how to design and implement complexity-responsive evaluations that can be undertaken in the real world of time, budget, data, and political constraints. Introductory chapters present comprehensive, non-technical overviews of the most common evaluation tools and methodologies, and additional content addresses more cutting-edge material. The book also includes six case study chapters to illustrate examples of various evaluation contexts from around the world.
Author: Henning Schwardt Publisher: Springer ISBN: 3319527851 Category : Political Science Languages : en Pages : 375
Book Description
This book illustrates how the treatment of complexity in analytical frameworks shapes economic studies. It explores the ways economists make sense of our economic environment and where their differences in interpretations of economic issues and policy proposals are rooted. Schwardt examines developments in economies and the role of the public sector over the last few centuries. Taking a theoretical approach and addressing different analytical frameworks, a basic distinction is introduced between top-down approaches, where assumptions about the economic environment are formulated at the outset; and bottom-up approaches, where an economic environment emerges from the interactions of the individual agents. By recognising the validity of alternate perspectives on economic issues, Schwardt proposes an improved foundation for economics research and policy.
Author: Wolfram Elsner Publisher: Academic Press ISBN: 0124115993 Category : Business & Economics Languages : en Pages : 599
Book Description
The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. Describes the usefulness of complex heterodox economics Emphasizes divergences and convergences with neoclassical economic theories and perspectives Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters
Author: David Colander Publisher: Princeton University Press ISBN: 0691169136 Category : Business & Economics Languages : en Pages : 320
Book Description
How ideas in complexity can be used to develop more effective public policy Complexity science—made possible by modern analytical and computational advances—is changing the way we think about social systems and social theory. Unfortunately, economists' policy models have not kept up and are stuck in either a market fundamentalist or government control narrative. While these standard narratives are useful in some cases, they are damaging in others, directing thinking away from creative, innovative policy solutions. Complexity and the Art of Public Policy outlines a new, more flexible policy narrative, which envisions society as a complex evolving system that is uncontrollable but can be influenced. David Colander and Roland Kupers describe how economists and society became locked into the current policy framework, and lay out fresh alternatives for framing policy questions. Offering original solutions to stubborn problems, the complexity narrative builds on broader philosophical traditions, such as those in the work of John Stuart Mill, to suggest initiatives that the authors call "activist laissez-faire" policies. Colander and Kupers develop innovative bottom-up solutions that, through new institutional structures such as for-benefit corporations, channel individuals’ social instincts into solving societal problems, making profits a tool for change rather than a goal. They argue that a central role for government in this complexity framework is to foster an ecostructure within which diverse forms of social entrepreneurship can emerge and blossom.
Author: Graham Room Publisher: Edward Elgar Publishing ISBN: 0857932640 Category : Political Science Languages : en Pages : 393
Book Description
I think this is a very important book. Very few people in the social sciences write books on this topic and really do justice to complexity theory. Professor Room gives a very detailed, accurate and accessible review of complexity theory as it applies to social policy. His link with institutional theory is very appropriate and his discussion on the need for regulation (a link with complexity theory that many people would never reach) is really important and well grounded. It would be of interest to academics who really want to understand the implications of complexity theory for policy making in complex and fast-changing situations and to those undertaking advanced courses in politics, economics and sociology. - Jean Boulton, University of Cranfield, UK Graham Room argues that conventional approaches to the conceptualisation and measurement of social and economic change are unsatisfactory. As a result, researchers are ill-equipped to offer policy advice. This book offers a new analytical approach, combining complexity science and institutionalism. It also provides tools for policy makers in turbulent times. Part 1 is concerned with the conceptualisation of socio-economic change. It integrates complexity science and institutionalism into a coherent ontology of social and policy dynamics. Part 2 is concerned with models and measurement. It combines some of the principal approaches developed in complexity analysis with models and methods drawn from mainstream social and political science. Part 3 offers empirical applications to public policy: the dynamics of social exclusion; the social dimension of knowledge economies; the current financial and economic crisis. These are supplemented by a toolkit for the practice of agile policy making.
Author: John Zinkin Publisher: Walter de Gruyter GmbH & Co KG ISBN: 3110670607 Category : Business & Economics Languages : en Pages : 349
Book Description
The Challenge of Sustainability: Corporate Governance in a Complicated World reviews the evolution of five types of corporate governance and their different sustainability objectives. It discusses the challenges for boards in achieving sustainability from an environmental, economic, employment, and social perspective and introduces the concept of a political tragedy of the commons if boards do what is in the best interests of their profitability only, without considering their responsibilities and unintended consequences for their stakeholders. It explains how volatility, uncertainty, complexity, and ambiguity complicate making sustainable decisions. This book explores ways of helping prevent such negative outcomes. John Zinkin asserts the director’s need to reconcile volatility with vision, uncertainty with understanding, complexity with courage and commitment, and ambiguity with adaptability. To prevent a potential political tragedy of the commons, the book suggests new decision-making processes; treating employees differently; and makes the case for reforming capitalism. It is aimed at managers, board members and all those who influence them, including shareholder activists, corporate legal personnel, politicians, activists and general readers interested in applying some of these suggestions in their roles as stakeholders, managers and directors.
Author: Marisa Faggini
Author: Marisa Faggini
Author: H.W. Gottinger
Author: Marisa Faggini
Author: Jack Snyder
Author: Michael Bamberger
Author: Henning Schwardt
Author: Wolfram Elsner
Author: David Colander
Author: Graham Room
Author: John Zinkin