Complexity in Economics: Cutting Edge Research

✍ Scribed by Marisa Faggini, Anna Parziale (eds.)

• Publisher: Springer International Publishing
• Year: 2014
• Tongue: English
• Leaves: 250
• Series: New Economic Windows
• Edition: 1
• Category: Library

✦ Synopsis

In this book, leading experts discuss innovative components of complexity theory and chaos theory in economics.

The underlying perspective is that investigations of economic phenomena should view these phenomena not as deterministic, predictable and mechanistic but rather as process dependent, organic and always evolving.

The aim is to highlight the exciting potential of this approach in economics and its ability to overcome the limitations of past research and offer important new insights. The book offers a stimulating mix of theory, examples and policy.

By casting light on a variety of topics in the field, it will provide an ideal platform for researchers wishing to deepen their understanding and identify areas for further investigation.

✦ Table of Contents

Front Matter....Pages i-x
Applications of Methods and Algorithms of Nonlinear Dynamics in Economics and Finance....Pages 1-30
Kaldorian Assumptions and Endogenous Fluctuations in the Dynamic Fixed-Price IS-LM Model....Pages 31-48
Determining the Relationship Between Co-creation and Innovation by Neural Networks....Pages 49-62
On the Fractal Characterization of a System for Tradings on Eurozone Stocks....Pages 63-80
Managing Uncertainty in Complex Projects....Pages 81-97
On the Concept of Endogenous Volatility....Pages 99-115
Chaotic Order: A Consequence of Economic Relativity....Pages 117-135
Restricted Coalition Formation....Pages 137-146
The Strange Attractor of the Firm....Pages 147-160
Interaction-Based Approach to Economics and Finance....Pages 161-203
Why Should Economics Give Chaos Theory Another Chance?....Pages 205-223
Disequilibrium Trade and the Dynamics of Stock Markets....Pages 225-245

✦ Subjects

Economic Theory; Socio- and Econophysics, Population and Evolutionary Models; Political Economy; Game Theory, Economics, Social and Behav. Sciences; Statistics for Social Science, Behavorial Science, Education, Public Policy, and Law