Foundations and applications of complexity economics
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Foundations and applications of complexity economics
Springer, c2021
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Includes bibliographical references and indexes
Description and Table of Contents
Description
This book presents a survey of the aspects of economic complexity, with a focus on foundational, interdisciplinary ideas. The long-awaited follow up to his 2011 volume Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems: From Catastrophe to Chaos and Beyond, this volume draws together the threads of Rosser's earlier work on complexity theory and its wide applications in economics and an expanded list of related disciplines.
The book begins with a full account of the broader categories of complexity in economics--dynamic, computational, hierarchical, and structural--before shifting to more detailed analysis. The next two chapters address problems associated with computational complexity, especially those of computability, and discuss the Godel Incompleteness Theorem with a focus on reflexivity. The middle chapters discuss the relationship between entropy, econophysics, evolution, and economic complexity, respectively, with applications in urban and regional dynamics, ecological economics, general equilibrium theory, as well as financial market dynamics. The final chapter works to bring together these themes into a broader framework and expose some of the limits concerning analysis of deeper foundational issues.
With applications in all disciplines characterized by interconnected nonlinear adaptive systems, this book is appropriate for graduate students, professors and practitioners in economics and related disciplines such as regional science, mathematics, physics, biology, environmental sciences, philosophy, and psychology.
Table of Contents
Chapter 1: Logical and Philosophical Foundations of Complexity.- Chapter 2: Foundations of Complex Behavioral Economics.- Chapter 3: The Complex Dynamics of Social Interactions.- Chapter 4: Econophysics, Entropy, and Complexity.- Chapter 5: Econophysics and Entropy in Dynamically Complex Urban/Regional Systems.- Chapter 6: Complex Ecological-Economic Systems and their Governance Issues.- Chapter 7: Complexity and the Future of Economics.- Bibliography.
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