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Non-Equilibrium Social Science and Policy - Introduction and Essays on New and Changing Paradigms in Socio-Economic Thinking (Hardcover, 1st ed. 2017)
Loot Price: R1,838
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Non-Equilibrium Social Science and Policy - Introduction and Essays on New and Changing Paradigms in Socio-Economic Thinking (Hardcover, 1st ed. 2017)
Series: Understanding Complex Systems
Expected to ship within 12 - 17 working days
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The overall aim of this book, an outcome of the European FP7 FET
Open NESS project, is to contribute to the ongoing effort to put
the quantitative social sciences on a proper footing for the 21st
century. A key focus is economics, and its implications on policy
making, where the still dominant traditional approach increasingly
struggles to capture the economic realities we observe in the world
today - with vested interests getting too often in the way of real
advances. Insights into behavioral economics and modern computing
techniques have made possible both the integration of larger
information sets and the exploration of disequilibrium behavior.
The domain-based chapters of this work illustrate how economic
theory is the only branch of social sciences which still holds to
its old paradigm of an equilibrium science - an assumption that has
already been relaxed in all related fields of research in the light
of recent advances in complex and dynamical systems theory and
related data mining. The other chapters give various takes on
policy and decision making in this context. Written in nontechnical
style throughout, with a mix of tutorial and essay-like
contributions, this book will benefit all researchers, scientists,
professionals and practitioners interested in learning about the
'thinking in complexity' to understand how socio-economic systems
really work.
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