0
Your cart

Your cart is empty

Books > Science & Mathematics > Mathematics

Buy Now

The Economy as an Evolving Complex System II (Paperback, New) Loot Price: R2,369
Discovery Miles 23 690
The Economy as an Evolving Complex System II (Paperback, New): W.Brian Arthur

The Economy as an Evolving Complex System II (Paperback, New)

W.Brian Arthur

 (sign in to rate)
Loot Price R2,369 Discovery Miles 23 690 | Repayment Terms: R222 pm x 12*

Bookmark and Share

Expected to ship within 12 - 19 working days

A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view--a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an "equilibrium "steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing--continually "in process." The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures--markets, legal and social institutions, price patters, expectations--to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear--structures these behaviors co-create. This complexity approach does not replace the equilibrium one--it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.

General

Imprint: WestviewPress
Country of origin: United States
Release date: October 1997
First published: 1997
Authors: W.Brian Arthur
Dimensions: 229 x 152 x 34mm (L x W x T)
Format: Paperback
Pages: 600
Edition: New
ISBN-13: 978-0-201-32823-3
Categories: Books > Science & Mathematics > Mathematics > General
Promotions
LSN: 0-201-32823-2
Barcode: 9780201328233

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

You might also like..

Financial Mathematics - A Computational…
K. Pereira, N. Modhien, … Paperback R307 Discovery Miles 3 070
Applied Business Statistics - Methods…
Trevor Wegner Paperback R1,003 Discovery Miles 10 030
Applied Combinatorics
Alan Tucker Hardcover R5,431 Discovery Miles 54 310
Basic mathematics for economics students…
Derek Yu Paperback R383 Discovery Miles 3 830
Numbers, Hypotheses & Conclusions - A…
Colin Tredoux, Kevin Durrheim Paperback R969 R856 Discovery Miles 8 560
Statistics for Management and Economics
Gerald Keller, Nicoleta Gaciu Paperback R1,286 R1,202 Discovery Miles 12 020
Precalculus: Mathematics for Calculus…
Lothar Redlin, Saleem Watson, … Paperback R1,368 R1,280 Discovery Miles 12 800
Calculus, Metric Edition
James Stewart, Saleem Watson, … Hardcover R1,424 R1,336 Discovery Miles 13 360
Time Series Analysis - With Applications…
Jonathan D. Cryer, Kung-Sik Chan Hardcover R2,742 Discovery Miles 27 420
Differential Equations with…
Dennis Zill Paperback R1,373 R1,277 Discovery Miles 12 770
Differential Equations with…
Warren Wright, Dennis Zill Paperback  (1)
R1,424 R1,320 Discovery Miles 13 200
A First Course in the Finite Element…
Daryl Logan Paperback R1,438 R1,333 Discovery Miles 13 330

See more

Partners