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Complexity and the Economy
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- Nombre de pages211
- FormatGrand Format
- PrésentationRelié
- Poids0.454 kg
- Dimensions16,0 cm × 23,6 cm × 2,3 cm
- ISBN978-0-19-933429-2
- EAN9780199334292
- Date de parution30/10/2014
- ÉditeurOxford University Press
Résumé
Economics is currently undergoing its most profound change since the 1870s. Instead of seeing the economy as a well-ordered machine, rational, in equilibrium, and in the end relatively lifeless, now economists are beginning to see it as a complex evolving system, imperfect, perpetually constructing itself anew, and brimming with vitality. This new vision helps answer questions economics couldn't answer before.
Why does the stock market show moods and a psychology ? Why do high-tech markets tend to lock in to the dominance of one or two very large players ? How do economies form, and how do they continually alter in structure over time ? In the 1980s and 1990s, economist and complexity theorist W. Brian Arthur led a small team at the Santa Fe Institute to explore questions like these and thereby pioneered this new approach - complexity economics.
Why does the stock market show moods and a psychology ? Why do high-tech markets tend to lock in to the dominance of one or two very large players ? How do economies form, and how do they continually alter in structure over time ? In the 1980s and 1990s, economist and complexity theorist W. Brian Arthur led a small team at the Santa Fe Institute to explore questions like these and thereby pioneered this new approach - complexity economics.
