Nonlinearity, Complexity and Randomness in Economics ：Towards Algorithmic Foundations for Economics ( Surveys of Recent Research in Economics )

Publication subTitle ：Towards Algorithmic Foundations for Economics

Publication series ：Surveys of Recent Research in Economics

Author： Stefano Zambelli  

Publisher： John Wiley & Sons Inc‎

Publication year： 2011

E-ISBN: 9781118300428

P-ISBN(Paperback): 9781444350319

P-ISBN(Hardback):  9781444350319

Subject： F224.0 Quantitative Economics

Language： ENG

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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

Chapter

Contents

pp.：  1 – 7

Notes on Contributors

pp.：  7 – 9

1. Introduction

pp.：  9 – 11

2. Towards an Algorithmic Revolution in Economic Theory

pp.：  11 – 17

3. An Algorithmic Information-Theoretic Approach to the Behaviour of Financial Markets

pp.：  17 – 47

4. Complexity and Randomness in Mathematics: Philosophical Reflections on the Relevance for Economic Modelling

pp.：  47 – 79

5. Behavioural Complexity

pp.：  79 – 95

6. Bounded Rationality and the Emergence of Simplicity Amidst Complexity

pp.：  95 – 121

7. Emergent Complexity in Agent-Based Computational Economics

pp.：  121 – 141

8. Non-Linear Dynamics, Complexity and Randomness: Algorithmic Foundations

pp.：  141 – 161

9. Stock-Flow Interactions, Disequilibrium Macroeconomics and the Role of Economic Policy

pp.：  161 – 183

10. Equilibrium Versus Market Efficiency: Randomness versus Complexity in Finance Markets

pp.：  183 – 213

11. Flexible Accelerator Economic Systems as Coupled Oscillators

pp.：  213 – 221

12. Shifting Sands: Non-Linearity, Complexity and Randomness in Economics

pp.：  221 – 247

Index

pp.：  247 – 251

LastPages

pp.：  251 – 255

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