1st Edition

The Economy As An Evolving Complex System II

600 Pages
by CRC Press

600 Pages
by CRC Press

600 Pages
by CRC Press

A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics... Read more
* Introduction W.B. Arthur, S.N., Durlauf, and D. Lane * Asset Pricing Under Endogenous Expectations in an Artificial Stock Market W.B. Arthur, J.H. Holland, B. LeBaron, R. Palmer, and P. Tayler * Natural Rationality V.M. Darley and S.A. Kauffman * Statistical Mechanics Approaches to Socioeconomic Behavior S.N. Durlauf * Is What Is Good for Each Best for All? Learning From Others in the Information Contagion Model D. Lane * Evolution of Trading Structures Y.M. Ioannides * Foresight, Complexity, and Strategy D. Lane and R. Maxfield * The Emergence of Simple Ecologies of Skill J.F. Padgett * Some Fundamental Puzzles in Economic History/Development D.C. North * How the Economy Organizes Itself in Space: A Survey of the New Economic Geography P. Krugman * Time and Money P. Shubik * Promises Promises J. Geanakoplos * Macroeconomics and Complexity: Inflation Theory A. Leijonhufvud * Evolutionary Dynamics in Game-Theoretic Models K. Lindgren * Identification of Anonymous Endogenous Interactions C.F. Manski * Asset Price Behavior in Complex Environments W.A. Brock * Population Games L.E. Blume * Computational Political Economy K. Kollman, J. H. Miller, and S. Page * The Economy as an Interactive System A.P. Kirman * How Economists Can Get A Life L. Tesfatsion * Some Thoughts About Distribution in Economics P.W. Anderson

Biography

W Brian Arthur