Complexity Hints for Economic Policy
Author | : Massimo Salzano |
Publisher | : Springer Science & Business Media |
Total Pages | : 321 |
Release | : 2007-05-15 |
ISBN-10 | : 9788847005341 |
ISBN-13 | : 8847005345 |
Rating | : 4/5 (41 Downloads) |
Download or read book Complexity Hints for Economic Policy written by Massimo Salzano and published by Springer Science & Business Media. This book was released on 2007-05-15 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations.