0
Your cart

Your cart is empty

Books > Science & Mathematics > Mathematics

Buy Now

The Economy as an Evolving Complex System II (Hardcover) Loot Price: R4,036
Discovery Miles 40 360
The Economy as an Evolving Complex System II (Hardcover): W.Brian Arthur

The Economy as an Evolving Complex System II (Hardcover)

W.Brian Arthur

 (sign in to rate)
Loot Price R4,036 Discovery Miles 40 360 | Repayment Terms: R378 pm x 12*

Bookmark and Share

Expected to ship within 12 - 17 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: Crc Press
Country of origin: United Kingdom
Release date: June 2019
First published: 1997
Authors: W.Brian Arthur
Dimensions: 229 x 152mm (L x W)
Format: Hardcover
Pages: 600
ISBN-13: 978-0-367-09116-3
Categories: Books > Science & Mathematics > Mathematics > General
LSN: 0-367-09116-X
Barcode: 9780367091163

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..

Precalculus: Mathematics for Calculus…
James Stewart, Lothar Redlin, … Paperback  (2)
R2,410 Discovery Miles 24 100
Rationality - What It Is, Why It Seems…
Steven Pinker Paperback R380 R297 Discovery Miles 2 970
The Golden Road - How Ancient India…
William Dalrymple Paperback R450 R299 Discovery Miles 2 990
Applied Business Statistics - Methods…
Trevor Wegner Paperback R759 R668 Discovery Miles 6 680
Financial Mathematics - A Computational…
K. Pereira, N. Modhien, … Paperback R319 R281 Discovery Miles 2 810
Applied Combinatorics
Alan Tucker Hardcover R5,183 Discovery Miles 51 830
Basic mathematics for economics students…
Derek Yu Paperback R345 R319 Discovery Miles 3 190
Numbers, Hypotheses & Conclusions - A…
Colin Tredoux, Kevin Durrheim Paperback R969 R836 Discovery Miles 8 360
Statistics for Management and Economics
Gerald Keller, Nicoleta Gaciu Paperback R1,204 R1,088 Discovery Miles 10 880
Precalculus: Mathematics for Calculus…
Lothar Redlin, Saleem Watson, … Paperback R1,284 R1,163 Discovery Miles 11 630
Calculus - Early Transcendentals, Metric…
James Stewart, Saleem Watson, … Hardcover R1,338 R1,217 Discovery Miles 12 170
Time Series Analysis - With Applications…
Jonathan D. Cryer, Kung-Sik Chan Hardcover R2,610 Discovery Miles 26 100

See more

Partners